One day soon, we will blog about Fintech and its role in today’s financial industries. But right now. Need money in a hurry? Need to apply for a loan quickly and easily? Like an SBA loan? Have an I-pad, a mobile app on your phone? Fintechs are a rapid response to biased, bogged down traditional lending institutions.
List UPDATED April 28, 2020
SBA-approved Fintech PPP Lenders (alphabetical order):
Intuit QuickBooks (current customers only); PayPal (current customers only); and, Square (current customers only).
BlueVine; Centerstone SBA Lending; Credibly; Fountainhead; Funding Circle; Harvest Small Business Finance; Kabbage; Lendistry (not in all 50 states); OnDeck; Ready Capital; The Loan Source; and, Velocity.
These Fintechs (alphabetical order) DO NOT process SBA loans themselves. They package loans and apply with a partner bank.
Brex (Radius Bank); Community Reinvestment Fund; Divvy (Cross River Bank); Fundbox (Synchrony); Fundera; Lendio – (Results for first round of funding – 70,000 loan apps approved, Average PPP loan $110,000); and, Nav (Center Bank).
We are here to guide you through this process and anything else to help you get through COVID-19. Email [email protected]. Please put COVID-19 in the subject line. Or call us at 727-327-1999.
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COVID-19 Disclaimer. Laws and regulations have quickly changed and will continue to change in order to mitigate the economic damage caused by the Coronavirus Crisis. New laws and regulations are being passed quicker than the legislative process has taken in the past. Guidance, clarifications, and interpretations are constantly evolving. Deadlines and due dates are being extended and re-extended. New relief and programs are constantly rising up. This is occurring on all levels: Federal, State, and Local. Please keep all this in mind. We are committed to giving you the best answer possible based on what we know at the time your question is asked.
