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Author: procida funding

SBA Publishes PPP Loan Forgiveness Application and Advice

SBA Publishes PPP Loan Forgiveness Application and Advice

SBA Publishes PPP Loan Forgiveness Application and Advice For those who have received Paycheck Protection Program (PPP) loans, the process to get them forgiven may seem daunting. Fortunately, on May 15, 2020, the Small Business Administration (SBA) published the application for loan forgiveness of PPP
Strategizing to Navigate COVID-19 & Its Aftermath

Strategizing to Navigate COVID-19 & Its Aftermath

At Procida Funding & Advisors, we regularly speak with senior management when they’re under pressure. Acquisitions, turnarounds, and hyper growth are situations that we navigate frequently and with great detail. The impact of COVID-19 has thrown the entire economic environment into unprecedented territory. All conversations
Why Furloughed Developments May Need Modifications

Why Furloughed Developments May Need Modifications

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Why Furloughed Developments May Need ModificationsIn the face of the coronavirus crisis, investors are well advised to review project budgets, assess capital sources and stay ready to adjust their strategy, notes Derek Weissman of Procida Funding & Advisors. By Derek Weissman Multifamily developers may wish
Apply Now for the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) – SBA Loan

Apply Now for the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) – SBA Loan

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Apply Now for the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) – SBA Loan The Payment Protection Program, according to the CARES Act, will be overseen by the US Small Business Administration (SBA). The SBA, through its lending partners, will deploy about $350