Signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a number of measures targeting small business relief, including the landmark $349 billion Paycheck Protection Program (PPP or Program). An addition to the SBA’s existing 7(a) loan program, the PPP is designed to help small businesses cover 8 weeks of payroll and certain other operational costs. Qualifying PPP loans are eligible for forgiveness and an SBA guarantee.
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Topics: KYC/AML Compliance & Legal Fraud SBA
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Alloy Raises $12 Million in Series A Funding Led by Bessemer Venture Partners to Scale the First Identity Operating System in Financial Services
Alloy, the identity operating system for the financial services industry, today announced it has raised $12 million in Series A funding. Bessemer Venture Partners led the round and was joined by previous investors including Eniac Ventures and Primary Venture Partners.
We’re thrilled to unveil our newly redesigned website. The financial services industry is already so complicated, murky, and difficult to navigate, that we wanted to ensure Alloy’s home online was just the opposite: friendly, simple, and transparent.