The SBA is accepting Second Draw Paycheck Protection (PPP) loan applications beginning January 13 through select community bank lenders. ValueXpress will be processing Second Draw PPP loan applications immediately for clients through its participating community bank partner, Peoples Bank. Second … [Read more...] about 1.13.21: PPP SECOND DRAW LOAN APPLICATIONS ACCEPTED STARTING JANUARY 13
1.11.21: PPP FIRST DRAW LOAN APPLICATIONS REOPEN ON JANUARY 11
The SBA is reopening and accepting First Draw Paycheck Protection (PPP) loan applications beginning January 11 through select community bank lenders. ValueXpress will be processing First Draw PPP loan applications immediately for clients through its participating community bank partner, Peoples … [Read more...] about 1.11.21: PPP FIRST DRAW LOAN APPLICATIONS REOPEN ON JANUARY 11
10.15.20: BORROWERS WANT HIGHER LIMIT FOR SIMPLIFIED PPP LOAN FORGIVENESS APPLICATIONS
The SBA has simplified the Payroll Protection Loan Program (PPP) forgiveness applications for PPP loans under $50,000. The new 3508S form is only one page. However, with the average PPP loan $150,000, bankers and borrowers want the simplified application limit increased to $150,000 or … [Read more...] about 10.15.20: BORROWERS WANT HIGHER LIMIT FOR SIMPLIFIED PPP LOAN FORGIVENESS APPLICATIONS
7.1.15: Current Loan Applications Require “A Conversation with the Borrower”
The loan spread in many CMBS conduit loan term sheets executed by borrowers in the past few weeks is not at levels that can be closed profitably, leaving lenders and mortgage brokers in a quandary as to what to do. Loan spreads have moved out anywhere from 10-20 basis points (bp) as the pricing … [Read more...] about 7.1.15: Current Loan Applications Require “A Conversation with the Borrower”