Latest Updates

Clients of Alternative Capital Solutions, The PPP loan forgiveness program is just about ready to begin. Our bank partner, First Freedom Bank has directed us to begin accepting applications and working on the forgiveness documentation for our clients. The forgiveness requests can begin on the 10th of August and we would like to get all of your documentation completed and ready to submit by that day. There are two separate programs that must be used, a long form which is SBA Form 3508 and the short form which is SBA Form 3508EZ. The 3508EZ is obviously the less intrusive form…

As our country emerges from this catastrophic event called “coronavirus” what does the environment to obtain capital look like.  We are hearing all kinds of “New Policy” conversations from banks and from private lenders.  I have been told by several banks that they have a moratorium on any new commercial loans for at least 90 days.  We have seen first-hand banks decide not to close a loan that was ready to close and previously cleared to close. Certainly, we are now living in a new environment.  Our largest go to lender in the SBA 7a program who specialized in new…