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Lawmakers sought to avoid a similar situation this time around with changes to the program’s parameters. The SBA limited the first loans to community financial institutions, or CFIs, which include four categories of smaller lenders, most of which focus on low-income communities. Additionally, round two of the PPP is open to companies with fewer than 300 employees, compared with 500 for the first round. Publicly traded firms are excluded this time and loans are capped at $2 million. … [Read more...] about Paycheck Protection Program loan portal opens to larger lenders soon: Here’s the latest

The process of buying a home hasn’t changed a great deal since the 1930s. Sure, there are a few more mortgage loans available, agents have mobile phones and websites, and there’s third-party syndication, but there hasn’t been any major, disruptive thinking in the overall home buying system. Until now. … [Read more...] about Meet Doorsteps, The Company That Wants To Take The Misery Out Of Home Buying

The unemployment numbers may be dismal, but there are still jobs to be had. In fact, if the pandemic taught us anything, it’s that companies that pivoted to provide essential services (and not just in healthcare or retail—although those are important) have created hundreds of jobs. … [Read more...] about These 15 jobs are on the rise, according to LinkedIn

Because of Apple’s new data disclosure requirements, WhatsApp informed users last week that certain data points, such as the user’s profile status, login activity, contact list, purchases, and financial information, may be shared with businesses and the third parties they use. In 2018, Facebook launched “WhatsApp Business,” which allows us to chat with companies we know in order to ask support questions about orders, inventory, and in some cases make purchases directly through the app. As of summer 2019, 50 million businesses were using WhatsApp Business to communicate with their customers. Because companies pay for each message they send to users, WhatsApp Business has provided Facebook with a clear new revenue stream. … [Read more...] about WhatsApp and Facebook’s ultimatum to users reveals a privacy disaster