To the Rescue: What the American Rescue Plan Act Means for EIDL & Other Grants

To the Rescue: What the American Rescue Plan Act Means for EIDL & Other Grants

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. The Act offers $1.9 trillion dollars in a relief package designed to help Americans recover from the pandemic. The following funds are allotted to small business recovery, targeting the most hard-hit industries as designated by NAICS codes through ongoing […]

How Will Loan Mantra Help You with the Second Draw PPP?

How Will Loan Mantra Help You with the Second Draw PPP?

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?

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 […]

How Do U.S. Election Results Impact the Paycheck Protection Program?

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 […]

You Can Still Be Forgiven: The Virtue of Patience in PPP Loan Forgiveness

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

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?

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 […]