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Monroe Funding Corp Providing SBA 504 Loans and Commercial Real Estate Services

Monroe Funding Corp Providing SBA 504 Loans and Commercial Real Estate Services
prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.

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Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility

Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility
iCrowd Newswire
24 May 2021, 22:37 GMT+10
Access Private Capital today announced an agreement with Primis Bank of Glen Allen, Virginia for a 25-million-dollar warehouse facility. The facility will be used to assist Access Private Capital s lending unit, APC Lending, in funding a loan portfolio dedicated to the SBA 504 1st mortgage loans.
Access Private Capital brought us a unique strategy that aligned well with both our business and civic objectives, said Stephen Weber, Executive Vice President and Chief Strategy Officer of Primis Bank. We re looking forward to this partnership and what we ll be able to achieve together. ....

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Paycheck Protection Program Round 2: FAQs For Microbusinesses - May 2021 | Lowenstein Sandler LLP

Last updated: May 18, 2021
Overview
On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act” (“Economic Aid Act”). The Economic Aid Act made available approximately $284.5 billion in new Paycheck Protection Program (“PPP”) funding and reopened the PPP for first- and second-draw loans on terms that are generally favorable to microbusinesses. The American Rescue Plan Act, which became law on March 11, allocates an additional $7.5 billion in funds to the PPP. The deadline to apply for a PPP loan under the American Rescue Plan Act was March 31, 2021. The PPP Extension Act of 2021, which became law on March 30, extends the PPP application deadline to May 31, 2021. The PPP Extension Act also provides an additional 30 days until June 30 for the SBA to finish processing applications received ....

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Paycheck Protection Program Round 2: FAQs For Nonprofits | Lowenstein Sandler LLP

Last updated: May 18, 2021
Overview
On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act” (“Economic Aid Act”). The Economic Aid Act made available approximately $284.5 billion in new Paycheck Protection Program (“PPP”) funding and reopened the PPP for initial and second-draw loans on terms that are generally favorable to nonprofits. The American Rescue Plan Act, which became law on March 11, allocates an additional $7.25 billion in funds to the PPP. The deadline to apply for a PPP loan under the American Rescue Plan Act was March 31, 2021. The PPP Extension Act of 2021, which became law on March 30, extended the PPP application deadline to May 31, 2021. The PPP Extension Act also provided an additional 30 days until June 30 for the SBA to finish processing applications received b ....

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New York Small Business Pandemic Recovery Initiative Fact Sheet

Overview
The New York State 2021–22 Executive Budget passed in March includes $1 billion in financial relief for small businesses. The funding initiatives include:
$800 million for the Pandemic Small Business Recovery Grant Program,
$25 million for the Restaurant Resiliency Program,
$40 million to Arts & Cultural Organizations,
$100 million NYC Musical and Theatrical Production Tax Credit, and
$35 million Restaurant Return to Work Credit.

The $1 billion Business Pandemic Recovery Initiative is administered by the Empire State Development Corporation (ESD).
Access to these programs is crucial for the 27th District so my office and I have compiled information on each program and will keep you updated as more details and applications are finalized. ....

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