When the COVID-19 pandemic hit last March and so much uncertainty of the economic climate, like many other funders Pearl temporarily ceased funding. But we didn’t stop. We partnered with Cross River Bank and were able to transition our fully-automated processing and anti-fraud technology to process SBA Paycheck Protection Program (PPP) Loans, processing over $1.75 Billion in PPP loans for businesses affected by the pandemic.
Now, Pearl is back! To celebrate our relaunch of MCA funding, we’re introducing some new pricing, stipulation requirements, and approved industries. Check out some of the updates below: