You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. All you have to do is find the right crowd.
Troy Parker's cleaning and construction business hires returning citizens who struggle to find work elsewhere. When he was told he was ineligible for stimulus funds because of mistakes he already paid for, he started making calls.
Join us as our experts Mark J. Kohler and Mat Sorensen as they guide you through the ins and outs of your PPP loan and how you can ensure your PPP loan is forgiven.
Despite broad bipartisan support for stimulus loans reaching small-business owners with criminal records, Steven Mnuchin and the SBA are reportedly excluding more rehabilitated entrepreneurs than they've ever admitted before.
So far, in the scramble to disperse SBA relief loans, big banks have passed over the most vulnerable businesses in favor of bigger "small" businesses. But Congress's latest stimulus package gives $60 billion in PPP to key community lenders.