Silver Linings: PPP Drives Growth for Startup Banks

Small business owners rejoiced when the Payment Protection Program (PPP) was revealed in March. Just as the pandemic began to cripple businesses, the program provided an opportunity for small businesses to continue to meet payroll, even when little revenue was flowing in.

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SEC AMENDS DEFINITION OF ACCREDITED INVESTOR

On August 26, 2020, the Securities and Exchange Commission adopted amendments to the definition of “accredited investor” for the purpose of private securities offerings.  The amendments will go into effect in late October. Under the SEC’s rules, many exempt private...

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