Results 1 to 11 of 11
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03-30-2020, 10:30 AM #1
- Join Date
- Nov 2019
- Posts
- 53
sba disaster loan
what is the difference between the regular working capital sba loan and the sba disaster loan?
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03-30-2020, 11:09 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
SBA Info Regarding the Standard 7(a) Loans
https://www.sba.gov/partners/lenders...types-7a-loans
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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03-30-2020, 11:19 AM #3
- Join Date
- Jun 2014
- Posts
- 541
The 7(a) Express SBA process is going to modified/streamlined to incorporate the provisions of the CARES Act signed on Friday.
Those who take EIDL(economic injury disaster loans) will not be eligible for the new 7a forgivable loans. But the EIDL is going to make it easier for merchants to get a much quicker $10K advance this week.
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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03-30-2020, 01:21 PM #4
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03-30-2020, 06:39 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
Technically you can do PPP and EIDL if the funds arent commingled
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03-30-2020, 06:45 PM #6
- Join Date
- Apr 2019
- Posts
- 318
has anyone here closed on or in the process one of these yet ? sba disaster loans or sba 7a ?
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03-30-2020, 06:50 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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03-30-2020, 07:45 PM #8
- Join Date
- Aug 2014
- Posts
- 194
Thank you for the update, was this offer filed online? Also if you don't mind me asking what type of revenue did your client have to get the $500k offer? I heard they are offering high multiples of the avg monthly payroll/expenses, not sure if that is accurate? Appreciate your feedback
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03-30-2020, 09:22 PM #9
- Join Date
- Oct 2016
- Posts
- 4,318
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03-31-2020, 12:03 AM #10
- Join Date
- Nov 2017
- Posts
- 64
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03-31-2020, 09:55 AM #11
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
SBA Paycheck Protection Info
https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
Last edited by Yankeeman07; 03-31-2020 at 07:32 PM.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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