Pray Tell, What’s a Non-Depository Financial Technology firm? New PPP for Lenders
“As a result of the changes, all PPP lenders approved by the SBA, including non-depository institution lenders, are now eligible to participate in the PPPLF. SBA-qualified PPP lenders include banks, credit unions, Community Development Financial Institutions, members of the Farm Credit System, small business lending companies licensed by the SBA, and some financial technology firms.”
Corona Stimulus: What Lenders Must Do Immediately to Help Their Customers & Themselves
The IRS Is Urging These 3 Groups to Register for a Stimulus Payment ASAP
Update: Lenders Payment Protection Program-PPP-FISCA & Mr. Woods Update
We do not have an official word on the PPP program for our industry, at this time. The most recent factual information we have is that our industry does not likely qualify because we are a financial service company. That information comes directly from the Senator’s office in Washington who is chair of the committee that authored the bill.
Payday Loan Industry Ready to Provide Emergency Funds for Corona
By: Jer Ayles. Our communities rely on the “business of lending to the masses” for much more than small-dollar loans to help them in a jamb! Money transfer to friends and family in other cities and countries, money orders for the millions of households in need, cell phone top-offs… For those pessimists who are reading, […]