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We’ve partnered with Warshaw Burstein to review key aspects of recent PPP loan forgiveness developments based on the PPP Flexibility Act of 2020 and the latest SBA rules. Join our panel of experts followed by a live Q&A Session. The conversation will be moderated by Douglas J. Meyer, Senior Vice President and Group Head of … Read more
Macro Commentary: The nation’s budget gap expanded to $864.1 billion in the month of June. The Paycheck Protection Program overseen by the Small Business Administration was the most significant contributor towards the U.S. posting its largest budget gap on record. The two biggest school districts in California said they would only offer remote learning in … Read more
Macro Commentary: Pending home sales posted a record gain Monday morning, coming in at 44.3%, exceeding all forecasts, giving U.S. stocks a boost to start the week. The Business Roundtable’s survey shows confidence among U.S. CEOs are at their lowest levels since the financial crisis. 27% of the 136 CEOs surveyed said that they see … Read more
Macro Commentary: Last week on Tuesday, May Retail Sales rose more than twice as much as expected, coming in at 17.7%. The increase in sales was likely the result of government stimulus in addition to the gradual return of consumer confidence. All retail categories increased in May, including a 44% surge in sales of motor … Read more
Macro Commentary: Last week on Wednesday, the Fed maintained a dovish stance with nearly all officials forecasting its key interest rate to remain near zero through 2022. The FOMC said it would increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities “at least at the current pace” to sustain smooth market … Read more
Listening to the news and understanding the relationships between the US systems and the current climate can be confusing. To provide expert knowledge on these subjects, please join us in discussion with Ido Aharoni, a public diplomacy specialist.
The Paycheck Protection Program (PPP) Flexibility Act of 2020 updates several aspects of the SBA PPP. * On June 5, 2020, the PPP Flexibility Act of 2020 (the Act) was enacted impacting aspects of the SBA PPP. Key Developments 1. PPP loans made on or after June 5, 2020 shall have a minimum maturity of … Read more
Macro Commentary:Forecasters had their biggest miss ever on Friday in predicting the non-farm payrolls, which came in at 2.5 million after surveys said it would be -7.5 million. Models most likely failed to accurately account for the government’s relief response through the Paycheck Protection Program. The surge back was led by leisure and hospitality. As … Read more
Steve earned his BA degrees in Political Science and Theater from the UC, Irvine, an MS in Finance from Boston College and he has earned his Chartered Financial Analyst (“CFA”) and Financial Risk Manager (“FRM”) designationsYou can talk to Steve about Credit underwriting Approving Loans in our New Normal Portfolio Management in Economic stress Credit … Read more
John DePledge has a distinguished banking career spanning over 35 years in the Asset Based Lending field.You can talk to John about: Asset based vs Cash flow lending Working capital management ABL client qualification criteria Loan approval process Portfolio management procedures Partnership with Leumi commercial bankers