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  • Writer's pictureTaxko Staff

EIDL vs PPP (Second Round): Who is the Lender?

The SBA is both the lender and underwriter for the EIDL. However, lenders for the PPP can be so many companies it can be confusing. It is important to find the lender that is good for you for they are underwritten by the SBA or they may have loans still pending approval.

With this second round of funding, a lot of Fin-tech companies are coming to the table. Will they make it better?

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Apr 29, 2020

If your bank is not paying out the best option is a Fintech companies. You can try the following:

  • PayPal -- only to current customers

  • Intuit QuickBooks -- only to current customers

  • Square -- only to current customers

  • OnDeck

  • Funding Circle

  • BlueVine

  • Kabbage

  • Ready Capital

  • Credibly

  • Fintechs Working With Partner Banks for PPP Loans The following companies do not process SBA loans themselves. You can apply for a loan through them and they will package it and apply for a loan through a partner bank.

    • Fundera -- an online marketplace for small-business loans that allows business owners to apply to multiple lenders with one application.

    • Lendio -- a platform that helps small businesses match their loan applications to available financing options.

    • Brex --…

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