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, […]
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 […]
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 […]
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 […]
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, […]
