Finally, PPP 2.0 is here! And as always, your partners at Loan Mantra and Hudson Capital are here to help you. To make the Second Draw PPP process as seamless and transparent as possible, we’ve outlined the following steps to help you navigate the Program. Here’s what you need to know: To all existing Loan Mantra […]
How Will Loan Mantra Help With More PPP Funding?
The holiday season is here, and U.S. Congress has until midnight, December 18th, 2020 to hammer out a deal to garner additional economic aid for struggling small businesses. As death tolls from COVID-19 near 300,000, citizens are anxious over their physical health and their road to economic recovery. But whether D.C. arrives at consensus on […]
Thank You for Everything You Do: Here’s to the Small Business Lenders
Like healthcare and essential workers, those in the SBA lending industry deserve our gratitude this Thanksgiving season. We, as small business lenders and advocates, have worked around the clock to administer PPP lending and forgiveness. This drive comes from our desire to see our communities, and the lifeblood of our economy, restored to some normalcy. […]
How Do U.S. Election Results Impact the Paycheck Protection Program?
It’s a marathon, not a sprint–David Solomon It’s been three weeks since the U.S. Presidential elections. Since then, there has been elevated chatter about what a transition in administration will mean for the thirty million members of the small business community come January, 2021. Small business owners voted their interests but remain anxious about what […]
Is More Debt Relief on the Way?
September is drawing to a close, and emergency relief payments are drawing to a close. What does this mean for small business owners?
Powered by BLUE: A Borrower’s Guide
What does it mean to be “powered by BLUE™?” For years, this question has driven the Loan Mantra ethos. Though an acronym for “Business Lender Underwriting Environment,” the BLUE™ platform is far more than pith. It’s an ecosystem. Designed with the small business borrower in mind, the platform takes historically confusing and opaque financial services […]
You Can Still Be Forgiven: The Virtue of Patience in PPP Loan Forgiveness
Main Street and the U.S. Small Business economy have been major discussion points in the media and around dinner tables since the coronavirus pandemic began, upending consumer behaviors and the marketplace. The frenzied, and oft politicized discussion, reached amplified levels on August 8th when the U.S. Paycheck Protection Program closed to applicants and as borrowers […]
Follow the Money: Economic Relief Loans Available to You Now
The accepted truth is that COVID-19 is changing the way we do business. But Loan Mantra knows you’re also concerned about the here-and-now. That’s why we’re here to help your business weather the financial storms brought on by the pandemic while you prepare well for tomorrow. Loan Mantra has developed a list of popular and […]
Is COVID-19 the New 5th ‘C’ of Credit?
Most borrowers and lenders are familiar with The 5 ‘C’s of Credit. These are basic guidelines that lenders use to evaluate loan prospects or grade credit investments. Historically the fifth ‘C’ (or “conditions”) has been the most ambiguous category of all, serving as a catch-all designation for lenders who seek to quantify any superseding factors of […]
Need PPP Loan Forgiveness?
For U.S. small business owners who received PPP loan assistance, one question plays over and over in their minds: What happens next? What happens next: In the months since the PPP was originally passed as part of the $2 Trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, U.S. industry leaders, financial institutions, advocacy groups, […]