On January 19, 2021, the U.S. Small Business Administration (SBA) issued a Notice that set the number of months SBA 7(a) payments would be covered under Section 1112 of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) as amended by Section 325 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act).

In this 50-minute video, Matt Hein, Senior Vice President, Managing Director of Commercial Banking, joins the Greater Philadelphia Veterans Network to discuss how best to work with your financial institution in applying for a Paycheck Protection Program (PPP) loan.

On December 1, 2020, the SBA released detailed information about recipients of Paycheck Protection Program loans, Economic Injury Disaster Loans (EIDL) and Economic Injury Disaster Loan Advances.

DocuSign is a fast, reliable way for you to electronically sign your loan documents, which includes a secure way to verify your ID through state-of-the-art technology. This guide shares common tips for validating your identity and walks you through the DocuSign process for signing your loan documents.

The SBA and Treasury have provided guidance to assist businesses in calculating their revenue reduction and payroll costs (and the relevant documentation that is required to support each set of calculations)

The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this updated guidance to assist businesses in calculating their payroll costs (and the relevant documentation that is required to support each set of calculations)

Guidelines for first draw, second draw, and eligible costs.

Step-by-step guide to the beneficial ownership form.

Federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers.