- Cahill Announces Julie L. Cohen as Firm’s First Chief Marketing Officer
- Jennifer Wallace, Chair of SFNet’s 40 Under 40 Awards, Encourages Members to Nominate Rising Stars
- Gordon Brothers Completes Big Lots Purchase & Facilitates Going Concern Sale
- eCapital Acquires LSQ to Expand Technology Solutions and Strengthen Market Leadership
- Interview with Kristin Maxwell, Member of SFNet’s Inclusiveness Committee
SFNet Sends Letter to SBA and Treasury in Support of Non-bank Lenders Under CARES Act
By Secured Finance Network
SFNet’s CEO submitted a letter to US Treasury Secretary Mnuchin and Administrator Carranza of the Small Business Administration, seeking affirmation of eligibility of non-bank lenders under the CARES Act. The letter seeks to further ensure that non-bank lenders are afforded all available protections under the Act as regulations are now established and implemented.
Click here to view the letter.(Editor’s note: Subsequent to this letter, the SBA has issued its ‘Interim Final Rule’ that makes businesses identified in 13 CFR 120.110, which includes financial services companies, ineligible for the Paycheck Protection Program. SFNet will be seeking any recourse available to press the SBA to amend this position)
About the Author
