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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Manage PPP loans through forgiveness. SBA Lending.

Lending 195
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Lending Is Failing To Live Up To 2018’s Great Expectations

PYMNTS

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. Citizens Bank , a regional player based in Rhode Island, for example, was looking for growth in its newest underwriting area — student loan refinancing.

Lending 100
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. Select VC Investors: Khosla Ventures, Alberta Investment Management Corporation, Artis Capital Management. The Top 20 Reasons Startups Fail.

Capital 78