Newsletter Sent On: 04/14/2020

Should I Apply to Become a PPP Lender? Read more

Sorry, You're Not Eligible For PPP Money
The rush to submit your PPP application may be for naught if you own an ineligible business. The SBA prohibits loan guarantees to Read more

Facebook Announces $100M Small Business Grant Program
Earlier this month Facebook announced that it will begin rolling out its small business grant program across the world to provide relief for companies affected by the coronavirus. Read more

PayPal, Intuit Get Approved as PPP Lenders
Via CNBC: Since news of this was announced, Square reported that it had also been approved Read more

California to SMBS - Check your MCA contracts
California's financial regulator is advising small businesses in the state that MCA companies may not be entitled to their funds during the crisis Read more

The PPP Application for Fintech Lenders is HERE
The SBA finally released an individual PPP lender application for Non-Bank and Non-Insured Depository Institution Lenders. You Can Access it Here... Read more

Canadian Small Businesses Face Tough Challenges As Government Passes Over Fintech
This week the Canadian government announced its coronavirus economic relief plans. Among them are two initiatives that aim to assist small businesses: the Canada Emergency Response Benefit (CERB) and ... Read more

Kabbage Can Accept PPP Applications, But They Are Not a PPP Lender
When CNN announced on April 1st that Kabbage had been approved to provide PPP loans, many in the fintech world wondered how they did it when a PPP Lender Application for fintech companies had yet to b... Read more

COVID-19 and MCA Transactions
Under all MCA contracts, the merchant's requirement to pay is contingent on the merchant earning receipts. MCA companies must honor that contingency to ensure that their contracts are not recharacterized. Read more

Cybersecurity in The Time of a Pandemic
The FBI says to be wary of any links purporting to offer coronavirus cures, preventative equipment like N95 masks, or instant access to a stimulus package. Read more

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