Funding Updates

1. PPPFA- President Trump signed the PPP Flexibility act into law. The law significantly eases many of the restrictions and conditions originally attached to the program.

Full details here.

2. Main Street Lending Program- The Fed also relaxed the rules on its soon to be launched Main Street direct lending program. The minimum loan amount was reduced to $250K and the loan term was extended to 5 years.

Full details here. 

3. PPP Lenders: If you are interested in taking out a PPP loan, but have had a difficult time finding a lender, there are several SBA approved online lenders that we can direct you to.  Please contact me at rbower@umd.edu today for more information.