New SBA PPP Guidance Prioritizes Businesses and Nonprofits with Fewer Than 20 Employees

The new guidance targets the smallest of small businesses and nonprofits.

Community Reinvestment Fund, USA (CRF) is heartbroken over the senseless killing of George Floyd. Our commitment to the people, small business owners and community development organizations of South Minneapolis is firm: we will fight the systemic and institutional racism that still permeates and destroys the community we love.

Effective immediately, nearly all of our CRF team will be working remotely and all non-essential business travel has been restricted until further notice.

A loan from an online lender can seem to be a convenient solution for entrepreneurs who have struggled to get funding, but business owners need to go in with their eyes open.

One of the most difficult parts of starting a business is getting it off the ground. A franchise provides an opportunity to buy into an existing business model that has a proven track record, a successful training program, a solid supply chain, and expert technical support.

If you’re looking to buy a business or execute an ownership transition but don’t have the cash on hand, you may have the option to finance part of the purchasing price from the seller (a.k.a seller financing) or via another source such as a bank or a financing institution.

If you need to replace, improve, or add to your equipment but don’t have the cash to purchase it, you can take out a loan specifically to meet your equipment needs.

If you’re looking for someone to service your loans, chances are you’re looking for ways to expedite some of the more process-intensive portions of the lending process.