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Divvy has teamed up with trusted partner Lendio to help create a streamlined process for small businesses to apply for their PPP loans through their network of lenders. Applications are now open. The bipartisan coronavirus relief legislation approved late last year included an additional $284 billion for PPP loans—aid designed to help small businesses keep their doors open and continue to pay employees during the pandemic. This new round of loans is available to first-time applicants, as well as those businesses that have already benefited from the program. The most recent legislation also eased loan forgiveness rules, which businesses had earlier said were too burdensome. On a phone call with lenders on Tuesday, the SBA offered new remedies for handling such rejections, which have triggered holds on borrowers' second-draw PPP loan applications and thus delayed vital funding for struggling businesses. The SBA estimates that about 4.7 percent of lender-submitted data from the prior rounds of PPP was found to contain anomalies--described by the SBA as "mostly data mismatches and eligibility concerns." for more.

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First Name, Last Name:	Ralph Ledbetter
Postal address:	1696 Mill Street, Big Springs, 71833, United States
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