SBA 7(a) Paycheck Protection Program Loan
SBA Paycheck Protection Program
On March 27th President Trump signed in to law the CARES Act also known as the Paycheck Protection Program. This bill includes $367B that will be added to the SBA lending authority in the wake of the COVID-19 pandemic to support small businesses who have been affected by the virus. Fountainhead is one of only 14 nonbank lenders licensed to make SBA 7(a) loans, so we will be actively making the SBA 7(a) relief loans.