After the PPP loan what is next?

No Comments

The SBA is talking to many banks about what type of corona virus loans they should offer to small businesses. The typical SBA loan requires both real estate equity and good credit. We suspect that this new corona virus loan will not require real estate but will probably require a lot of documentation and good credit. However, we don’t know for sure,so we will have to wait and see. But you should assume this will not be a fast process if past SBA lending is our measuring stick. We encourage everyone to go to the SBA site to check for updates.

Previous Post
Why you never received that PPP money also known as Paycheck Protection Program being handled by the SBA

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed