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Currently, the Paycheck Protection Program (PPP) is set to expire at midnight on March 31st. However, there is currently growing Congressional support for an extension of the program until May 31st. In either case, my provider currently plans to continue accepting and processing applications until the SBA is no longer accepting new submissions. Earlier this week, The New York Times published a story regarding challenges with the implementation of the new PPP formula and rules. They…
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Unsecured business lines of credit can be a lifeline for real estate investors. Instead of utilizing cash-on-hand to rehab your properties, imagine your expenses on a revolving business line(s) of credit that can be as low as 0%. Once the house is sold, you can pay for the accrued expenses and have the full lines of credit at your disposal again. By begin able to separate your personal and business credit, you will be able to truly establish your business on its own merit. Call today to…
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As we experience more extreme weather and floods increase across the country, the National Flood Insurance Program is poised to make a shift in how it prices its policies that is expected to have a drastic effect on premiums for many homeowners.
The NFIP's new premium-setting system, called Risk Rating 2.0, will change how the government-run insurer calculates premium rates to better reflect the risk of each individual household.
The new regimen, set to take effect in October…
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