The new law, referred to as the PPP Flexibility Act of 2020 extends the period of time debtors have to spend loan proceeds and offers several further improvements over the original PPP program. SBA catastrophe assistance loans are direct loans with funds provided by the government. Pacific Community Ventures is a 501(c) nonprofit neighborhood improvement monetary institution that envisions a world of thriving communities where everybody has a fair shake. Our mission is to invest in small companies, create good jobs for working people, and make markets work for social good.
Funds for industrial actual estate, business acquisition, equipment, debt refinance, and permanent working capital. Term Asset-Backed Securities Loan Facility (TALF) was a program created to increase the availability of client credit. “SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program.” Accessed Jun 17, 2020. After the deferral interval you don’t want to contact SBA before … Read More