Calling all COVID-affected businesses to raise on Republic using temporary SEC rules to ease process

As we’ve all seen over the course of months, COVID has wreaked havoc on the entrepreneurial endeavors that define the American dream. All the grit, hard work, and progress funneled into businesses was wiped out in a pandemic-ridden world, and founders are left to rely on a few sources of capital to survive like the Paycheck Protection Program (“PPP”). Diverse entrepreneurs in particular have been excluded from PPP (see below), but Republic is offering another potential solution.

In an effort to provide quick access to capital to companies that PPP loans failed to reach, the SEC this week softened regulatory requirements for certain companies to raise capital via crowdinvesting.

Implemented in the U.S. after Title III of the JOBS Act in May 2016, crowdinvesting allows anyone to invest in a startup with as little as $10, and startups can raise up to $1.07m annually through this regulation.