Identify marijuana-related businesses that are currently ineligible for PPP loans with our comprehensive CRB database.
With the Coronavirus Aid, Relief and Economic Security (CARES) Act in effect, commercial banks and credit unions are seeing an influx of applications for Paycheck Protection Program (PPP) loans.
The Small Business Administration (SBA) has made it clear that these loans are currently unavailable to marijuana-related businesses, whether Tier 1 (direct) or Tier 2 (indirect). (See our white paper "Defining Marijuana-Related Business" in ACAMS Today for more detail).
CRB Monitor is now offering SBA PPP lenders complimentary access to our database of 36,000+ marijuana-related businesses and 60,000+ beneficial owners to support your institution as you seek to determine and validate eligibility.
Through our industry-lending database, you can:
- Conduct quick marijuana-related business and individual name searches.
- Point and click to understand business-to-business and business-to-beneficial owner connections and relationships.
- Gain access to detailed company and beneficial owner profiles.
- Print “profiles” to PDF for record keeping and reporting.