The small business PPP loan is a hot topic right now among borrowers who are facing financial distress due to COVID. Since the Small Business Administration opened their online form for the Paycheck Protection Program loan a couple of months ago, it has been flooded with applicants seeking financial relief. The Small Business […]
Category Archives: Small Business Tips
COVID-19 Small Business Resources, Small Business Tips
How a Merchant Cash Advance Works and How It Can Help Your Small Business During COVID
24
Sep
Sep
Small businesses are the heartbeat of our nation’s economy, and COVID has made a massive impact on that heartbeat, slowing, and even shutting down (too many) small businesses across the country. However, surviving the pandemic’s economic impact is possible with the help of financial assistance- a merchant cash advance. If you (like […]
Home-Based Business
Why home-based businesses don’t usually qualify for small business financing options.
04
Sep
Sep
Many businesses start out at home. Though you don’t have to worry about the expense of leasing a location if you’re looking to exceed the current earnings from your business you may need to consider investing more money into the business. Now although you have consistent returns, clients, and bank statement balances most […]
25
Aug
Aug
The start of a business varies with each individual or entity but many small companies have one thing in common, starting as a home based business.
COVID-19 Small Business Resources, Small Business Tips
Another opportunity to get a small-business loan with the PPP providing $310 Billion in loans
23
Apr
Apr
The recently finalized deal to provide increased economic relief to small businesses includes $310 billion for the PPP (Paycheck Protection Program). This new federal loan program is allowing qualified banks to offer low-interest loans that can be forgiven at a later time. The deal was finalized after Banks and other affiliated small business industries were overwhelmed by the tremendous amount of applicants, forcing many businesses to be left with nothing to show for there efforts in trying to acquire a loan.
COVID-19 Small Business Resources, Small Business Tips
A complete state-by-state breakdown of existing shelter in place orders due to COVID-19
14
Apr
Apr
Officials across the U.S. are taking various measures to combat COVID-19. The White House extended its social distancing guidelines on March 31 for another 30 days to try to minimize the national death toll. If you are a small business owner wondering how long the lockdown, or as some states are calling it “shelter in […]
COVID-19 Small Business Resources, Small Business Tips
What industries will not be eligible for the Paycheck Protection Program?
13
Apr
Apr
The Paycheck Protection Program is intended to provide economic relief to small businesses nationwide adversely impacted under the Coronavirus Disease 2019 (COVID-19) Emergency Declaration (COVID-19 Emergency Declaration) issued by President Trump on March 13, 2020. On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act or the […]
COVID-19 Small Business Resources, Small Business Tips
Facebook offers $100M grant program for small business owners impacted by COVID-19
13
Apr
Apr
Facebook is now offering $100M in cash grants and ad credits to help during this challenging time.“We want to do more,” said COO Sheryl Sandberg in a Facebook post. “Teams across our company are working every day to help businesses. We’re looking at additional ways to host virtual training – and will have more to share […]
COVID-19 Small Business Resources, Small Business Tips
National Restaurant Association Sets Up Relief Fund For Restaurant Employees Impacted by COVID-19
06
Apr
Apr
The Restaurant Employee Relief Fund (“Fund”) was created to help restaurant industry employees experiencing extraordinary hardship in the wake of the coronavirus disease (COVID-19) outbreak. Through this Fund, grants will be made to restaurant industry employees who have been impacted by COVID-19, including a decrease in wages or loss of employment. Grants will be awarded as soon as […]
COVID-19 Small Business Resources, Small Business Tips
5 Steps Your Business Can Take Today To Manage Your Way Through the Coronavirus (COVID-19) Outbreak
06
Apr
Apr
We understand that businesses like yours may also be experiencing unexpected challenges, and we’re committed to providing as much support as possible. Here are 5 steps your business can take today to manage your way through the Coronavirus outbreak. Stay up to date State up to date by following credible, official sources like the Centers […]