Equity crowdfunding lets startups and private businesses raise capital from the crowd. Everyone can be an investor, not just VCs and private equity firms. People can invest in startups that they believe in. Equity crowdfunding allows startups and private companies to raise capital from the crowd through the sale of securities like equity, debt, revenue [...]
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What is the Paycheck Protection Program (PPP)? This is a new program offering loans up to $10 million at a 1% interest rate, calculated based on 2.5x your average monthly payroll costs. As long as you use the proceeds of the loan under the rules, these loans are 100% forgiven by the government.
Gen Z borrowers are unaware of Covid-19 student loan relief programs. Struggling to pay your student loan debt amid coronavirus? You can now delay 3 payments Twenty-one out of the 24 largest student loan servicers in the state of California have agreed to a 90-day forbearance, meaning student borrowers may stop repaying their loans without [...]
During these uncertain times, fintech apps play a critical role in offering direct aid to hardest-hit Americans. Our portfolio companies Propel and Chime are moving quickly to leverage their products and services to help the most vulnerable families and individuals impacted by COVID-19. With more than 2 million low-income users, Propel partnered with GiveDirectly to quickly identify and donate [...]
At this point in the pandemic, many companies are either adopting potentially permanent work-from-home capabilities for employees, developing plans to reopen their offices once they can do so, or both. Whatever your scenario, key objectives include ensuring business continuity, enabling staff to feel safe in their work environments, providing the necessary tools and capabilities for remote employees to be productive, and making sure [...]
States have enacted guidelines to help stop the spread of the coronavirus, which may put a strain on businesses. Our partner, the U.S. Small Business Administration (SBA) announced plans to coordinate with states to provide targeted, low-interest loans to small businesses and nonprofit organizations severely impacted by the coronavirus under the Economic Injury Disaster Loan Program. Explore more business loan [...]
As a sole proprietor, 1099 contractor, single-member LLC, or a gig economy member, you may be eligible for a PPP loan. Speak with a lender and fill out an application to determine exact eligibility. Loan details As with any loan, it’s important to understand the terms. The PPP loan has a two-year maturity timeline with a [...]
Financial services is arguably the backbone of our economy. As most industries, during these times, transformation has accelerated. While the pandemic may have accelerated digital transformation, technology will change the industry for a long time to come. The need to adapt to the acceleration of the digital world is the strategy of this highly regulated [...]