Grassroots Needed on EIDL-PPP Conflict
While community bank Paycheck Protection Program lending has been the cornerstone of the U.S. economic recovery, many lenders and borrowers are bumping into an unexpected hindrance—the treatment of federal Economic…
How to keep the small-business recovery going
With Congress and the Trump administration locked in negotiations over the next coronavirus aid bill, they should act on one simple but important matter to ensure the success of the…
Ron Samford, President and CEO, discusses LA Main Street Recovery Grant Program with Scoot on WWL
Louisiana Businesses Can Apply for Virus Grants on July 28
BATON ROUGE (AP) — Louisiana will start accepting applications July 28 from small businesses seeking up to $15,000 grants to help with coronavirus expenses, Treasurer John Schroder announced Wednesday. The…
Paycheck Protection Program shifts to forgiveness portion
Ready to seek forgiveness for your Paycheck Protection Program loan? The government has made it easier for some businesses to do so by reducing the amount required to be spent…
Paycheck Protection Program funding expected to run out soon
New Orleans-area lenders are preparing for the second round of funding in the Paycheck Protection Program to be exhausted soon. By Sunday, over half of the $310 billion allocated…
Will your PPP loan get funded? Local lenders weigh in
The Small Business Administration’s system that processes loans is still slow. Some banks are seeing more loan applications. And although the amount of funding being sought is significantly smaller, there…
Louisiana loan program off to sluggish start
Louisiana economic development officials are trying to boost a state-led loan program for small businesses that has been slower to ramp up. But they’re running into challenges from banks too…
The PPP loan program is out of money. What’s next?
Many New Orleans-area business owners seeking federal forgivable loans will have to wait until Congress adds more money in order to apply or advance their current applications to the funding…