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The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. In particular, the SBA has given inconsistent guidance that continues to change and evolve, leaving companies left to wonder if they qualify or not. But, while very well-intentioned, it’s implementation has been flawed.
– We need distribution mechanisms beyond the SBA (which is overwhelmed). – We should also fund the CDFIs to participate in community lending programs (could be structured as grants with specific parameters/limits). . Expand the SBA Microloan Program . Expand the SBA Microloan Program . million.
I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. It aggregates and summarizes. I received an email overnight that reminds me that people still need a lot of reassurance about financials.
The most obvious place that businesses and or accountants turn to for their small business clients is generally banks, big banks, community banks, you name it. When you go into a community bank on average fifty percent of applicants are declined. There are SBA loans. They are a part of your community.
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