With the collapse of Silicon Valley Bank and Signature Bank, a global pandemic, and rising inflation, economic uncertainty looms ahead for the U.S. and global markets. Loan Mantra provides tips to recession-proof your small and medium-sized businesses to foster economic resiliency and survive the challenges ahead.
EIDL repayment begins October 11th. Loan Mantra has tools for small business owners to ensure their repayment success and avoid loan default.
Earlier this year, The U.S. Small Business Administration (SBA) allocated $28.6 billion dollars to the Restaurant Revitalization Fund (RRF), a grant program announced as part of the American Rescue Plan Act. Tomorrow, on Friday, April 30, 2021 at 9 a.m. EDT, registration on the SBA portal for the RRF will begin. Though registration begins tomorrow, […]
All small business loans are either fixed-rate or adjustable-rate mortgages, i.e., either the monthly payment is fixed for the life of the loan or adjusts based on the underlying benchmark (commonly, Prime or 1-month LIBOR). Fixed-rate mortgage: the interest rate and the monthly principal and interest (P&I) payments remain the same for the life of […]
