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.
Are you sick of jumping through hoops while trying to get a bank-issued loan only to wait weeks or even months AND still get declined? We’ve already heard from many business owners across the country that were NOT successful in securing a loan either through the SBA Paycheck Protection Program(PPP) or Economic Injury Disaster Loan(EIDL) […]
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 […]
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 […]
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 […]
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 […]
State and Local Coronavirus Small Business Assistance We are updating this story regularly as more federal, state and local program details become available. Last update: April 1st, 2020 States and municipalities are adding programs by the day. Check your governor’s website for up-to-date information about relief available in your area. The National Governors Association offers […]
SBA Disaster Loans The SBA Economic Injury and Disaster Loan is available to all the states throughout the country for any business needing access to capital to cover needs brought by the Coronavirus pandemic. For those businesses that qualify, this loan is a great option as it has no upfront fees or early payment penalties and […]