Draft:Fundera

Womply Launches PPP Fast Lane to Help Under-Served Businesses Access the Paycheck Protection Program (PPP)

Retrieved on: 
Tuesday, February 23, 2021

PPP Fast Lane will enable the smallest businesses to access vital Paycheck Protection Program (PPP) funding with as little friction as possible, while helping borrowers remain compliant and minimizing program fraud.

Key Points: 
  • PPP Fast Lane will enable the smallest businesses to access vital Paycheck Protection Program (PPP) funding with as little friction as possible, while helping borrowers remain compliant and minimizing program fraud.
  • In 2020, Womply helped more than 100,000 businesses access the Paycheck Protection Program through its network of SBA-approved lenders.
  • PPP Fast Lane is focused only on the smallest businesses that havent received government stimulus from PPP or EIDL loans.
  • By removing friction that only applies to larger businesses we hope to make PPP less confusing and help hundreds of thousands of businesses.

Jolt Partners With Lendio To Offer PPP Loans for Small Businesses

Retrieved on: 
Monday, February 22, 2021

Jolt Software has partnered with Lendio, the nation's leading marketplace for small business loans, to facilitate the next round of Paycheck Protection Program (PPP) loans.

Key Points: 
  • Jolt Software has partnered with Lendio, the nation's leading marketplace for small business loans, to facilitate the next round of Paycheck Protection Program (PPP) loans.
  • Congress' announcement of a second stimulus package rolling out January 2021 makes $284 billion available for small businesses.
  • "It's been more than a challenging year for small businesses, and small business is at the core of Jolt.
  • Lendio is the leader in providing small business loans and has facilitated over $8 billion in Paycheck Protection Program (PPP) loan approvals for small businesses to date.

Oxygen and Fundera Partner for Fast Distribution of Second-Round Paycheck Protection Program Loans

Retrieved on: 
Tuesday, January 26, 2021

Digital banking leader Oxygen today announced that it has partnered with Fundera , the go-to financial marketplace for small and medium-sized businesses (SMBs) to compare multiple loans instantly, to streamline the application and distribution process for the latest round of Paycheck Protection Program (PPP) loans.

Key Points: 
  • Digital banking leader Oxygen today announced that it has partnered with Fundera , the go-to financial marketplace for small and medium-sized businesses (SMBs) to compare multiple loans instantly, to streamline the application and distribution process for the latest round of Paycheck Protection Program (PPP) loans.
  • Fundera has helped more than 85,000 SMBs secure more than $2.5 billion in funding since its launch in 2014.
  • Fundera was the ideal partner to get this up running quickly and best serve our customers.
  • Based in San Francisco, Oxygen is backed by Runa Capital, Y Combinator and other leading fintech investors.

60,000 Paycheck Protection Program Loans Approved in First Week

Retrieved on: 
Tuesday, January 19, 2021

As of today, Jan. 19, the Paycheck Protection Program is open to all participating lenders.

Key Points: 
  • As of today, Jan. 19, the Paycheck Protection Program is open to all participating lenders.
  • The SBA continues to help small businesses across the nation access vital funds through the Paycheck Protection Program.
  • Second Draw PPP loans are for eligible small businesses with 300 employees or less and that previously received a First Draw PPP loan.
  • The Paycheck Protection Program remains open for First and Second Draw PPP loans until March 31, 2021, as set forth in the Economic Aid Act, or until Congressionally-appropriated funding is exhausted.

Unity National Bank of Houston N.A. Partners With Cross River to Assist Minority-Owned and Small Businesses Nationwide to Secure Loans Under the SBA Paycheck Protection Program (PPP)

Retrieved on: 
Monday, January 18, 2021

During round one of the SBA Paycheck Protection Program, Unity Bank served nearly 500 small businesses and saved about 4,000 jobs.

Key Points: 
  • During round one of the SBA Paycheck Protection Program, Unity Bank served nearly 500 small businesses and saved about 4,000 jobs.
  • During the initial round of the SBA Paycheck Protection Program, Unity served nearly 500 small businesses and saved about 4,000 jobs.
  • Now, Unity has partnered with Cross River Bank (Cross River) to reach even more small businesses in the PPP Second Draw Program.
  • Unitys partnership with Cross River offers small businesses the banking and technology services necessary to procure loans quickly and efficiently under the PPP Second Draw Program.

Funding Circle to Offer First and Second Draw Paycheck Protection Program (PPP) Loans

Retrieved on: 
Thursday, January 14, 2021

Funding Circle, the small business loans platform, will be offering first and second draw Paycheck Protection Program (PPP) loans.

Key Points: 
  • Funding Circle, the small business loans platform, will be offering first and second draw Paycheck Protection Program (PPP) loans.
  • Small businesses, including self-employed, sole proprietors, independent contractors, partnerships and seasonal businesses, that have not received a first draw PPP loan will be eligible to apply.
  • In addition, small businesses with less than 300 employees that received a first draw PPP loan from any bank or lender will be eligible to apply for a second draw loan through Funding Circle if they can demonstrate a 25% or greater reduction in revenue.
  • Small business owners that are interested in applying for the PPP loans can click here .

Covid-19 Relief Bill Propels SBA Funding into PPP Round Two

Retrieved on: 
Tuesday, January 5, 2021

STAMFORD, Conn., Jan. 5,2021 /PRNewswire/ --SBA Funding will facilitate the second round of Paycheck Protection Program ("PPP") loans for small business owners seeking to take advantage of the latest Covid-19 Relief Bill.

Key Points: 
  • STAMFORD, Conn., Jan. 5,2021 /PRNewswire/ --SBA Funding will facilitate the second round of Paycheck Protection Program ("PPP") loans for small business owners seeking to take advantage of the latest Covid-19 Relief Bill.
  • SBA Funding will facilitate the second round of Paycheck Protection Program ("PPP") loans for small business owners.
  • With the new round of funding, those businesses needing support for continued operation have access to additional capital, even if they participated in the first round of PPP funding.
  • SBA Funding, together with its affiliate, SBA Loan Group, is one of the largest packagers of SBA loans to small business owners in the country.

NerdWallet Acquires Fundera, The Go-To Small Business Resource

Retrieved on: 
Friday, October 30, 2020

"Although we offer free tools and content, we've never been able to fully support small business owners that changes today.

Key Points: 
  • "Although we offer free tools and content, we've never been able to fully support small business owners that changes today.
  • Together we will capitalize on the massive SMB market opportunity while driving great outcomes for small business owners."
  • We have always been inspired by how NerdWallet puts confidence and informed decision-making in the hands of consumers, and that's what we do for small business owners.
  • Fundera is the most trusted online marketplace that connects small business owners with the best funding providers for their businesses.

Fundera Teams with Community Reinvestment Fund, USA to offer SBA 7(a) Loans, Expanding Financial Options for Underserved Business Communities

Retrieved on: 
Wednesday, September 2, 2020

Together, CRF and Fundera will help business owners-- many of whom might be rejected by mainstream lenders --to access SBA-backed financing.

Key Points: 
  • Together, CRF and Fundera will help business owners-- many of whom might be rejected by mainstream lenders --to access SBA-backed financing.
  • Fundera will offer CRF's SBA 7(a) Small Business Loan in its marketplace, which has a maximum amount of $350,000.
  • CRF is a Community Development Financial Institution (CDFI), focusing on mission and impact as part of its core purpose.
  • "Their SBA 7(a) Small Business Loans are a great option for business owners today, who are facing more uncertainty than ever before in managing and growing their business.