Adjustment to Number of Months of Section 1112 Payments in the 7(a), 504 and Microloan Programs Due to Insufficiency of Funds Amends previously issued guidance related to the extension of Section 1112 payments as authorized by the Economic Aid Act. That Act established the upper limit on the number of payments that could be provided […]
PROCEDURAL NOTICE 5000-20095 Read More »
Guidance on Establishing Maturities of New 7(a) Loans Eligible to Receive Payments under Section 1112 of the CARES Act on or after February 1, 2021 Provides detailed guidance regarding the establishment of maturities for all new 7(a) loans (excluding PPP loans) approved between February 1 and September 30, 2021. Among the requirements spelled out in
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Revises guidance provided in SBA Procedural Notice 5000-20083, SBA Procedures for Addressing Unresolved Issues on Borrower First Draw PPP Loans. Provides additional guidance regarding the handling of loans with hold codes.
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As part of the Coronavirus Aid Relief and Economic Security (“CARES”) Act passed last March, the SBA’s Paycheck Protection Program (“PPP”) helped get funds into the hands of more than 5 million businesses in dire need of a lifeline in the midst of the COVID-19 crisis. With the pandemic continuing to surge heading into 2021,
Windsor Advantage, LLC (“Windsor” or the “Company”), announced today that Will McClain has been appointed as the new President & Chief Executive Officer of the Company. Holding various management roles at Windsor for nearly a decade, McClain has officially assumed responsibilities succeeding Michael Breckheimer. Transitioning to Executive Vice President of Corporate Strategy at Integrated Financial
Windsor Advantage Appoints Will McClain As New President & CEO Read More »
Extension of Previous Guidance on Acceptable Signatures for Applications and Loan Documents in the 7(a) and 504 Business Loan Programs Through April 30, 2021
PROCEDURAL NOTICE 5000-20089 Read More »