Many small businesses are experiencing frustration with finding a lender that will accept applications for the Paycheck Protection Program. OED reached out to Rob Bower with the SBDC to find out what businesses can do.
Mr. Bower explains, “The SBDC works with a lending clearing house called Betterfin. They work with many lenders, some of whom are PPP qualified. They have just launched a new online app that allows people to complete the PPP forms online. Then they can print out and submit the form to a bank of their choosing, or if they cannot locate a lender, then it will submit the forms to the appropriate lender for them.”
This tool is free and can be accessed at https://www.betterfin.com/