We are starting to see some signs of small business recovery, and that’s a great thing. But business owners must stay vigilant and be prepared for the very real possibility of more pandemic-related business disruptions in the near future. Use the resources we’ve provided to learn more about socially distanced selling, emergency financing, and more.
Pandemic Unemployment Assistance (PUA) & Federal Pandemic Unemployment Compensation (FPUC) Guide For The Self-Employed
All Americans who are unemployed due to COVID-19–including even those who do not qualify for traditional unemployment benefits—are likely to qualify for expanded unemployment benefits under the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act that went into effect in March 2020. These federal unemployment benefits, which include the FPUC, PUA, and PEUC, have a broader umbrella than standard unemployment benefits, and include help for the self-employed, freelancers, independent contractors, and small business owners who are out of work due to coronavirus.
PPP Forgiveness: What To Do If You Got A Paycheck Protection Program Loan & Your Employees Won’t Come Back
US small businesses and their workers are in a really tough spot right now. While some businesses are legally allowed to reopen, employees are feeling uncertain about returning to work. Complicating the situation even further, businesses who recently received a Paycheck Protection Program (PPP) loan are now calling workers back. These businesses are required to spend the federal loan proceeds on payroll in order for the loan to be forgiven—but in some cases, the workers do not want to return, often because they are making more money on unemployment benefits.
If you’re wondering how business loans work, you are probably in the early stages of research for getting business financing. You have taken an important first step: gathering information about what the process is like and learning what to expect if you continue your search for a loan.
Are you searching for the perfect video chat/video conferencing solution for your small business? Well, you’re in luck because there are plenty of options to choose from, including several free ones. We’re writing this article right now because a lot of small businesses are moving online, and many of you are looking for video conferencing for your remote team.
Economic Injury Disaster (EIDL) Loans VS Paycheck Protection Program (PPP) Loans: What’s The Difference?
Wondering what the difference is between EIDL and PPP loans? Or need help deciding which (or both) type of SBA coronavirus loan your business should apply for? Read on to compare/contrast these two different Small Business Administration loans for small business coronavirus relief and decide which is better for your needs so you can apply for it.
How SBA Economic Injury Disaster Loan (EIDL) Emergency Advances Work & Where Your Small Business Can Get One
On top of the traditional SBA funding programs, the CARES Act established several new programs to provide economic relief to small businesses affected by COVID-19. One of these programs is EIDL loan advances. EIDL disaster loans are an existing SBA disaster loan program, but the US government has recently expanded the program, opening it up to virtually any small business, and added forgivable advances on EIDL loans. The advances, in particular, have gained a lot of interest from small business owners, as these advances do not need to be repaid.
This is a tough time for the retail industry, for America, and the world overall. But by exercising patience, diligence, and ingenuity, retailers can keep their business safe, operational, and even profitable during these unprecedented — but temporary — times. In this article, we want to be informative about the effects on retail, but we won’t stop there — we will also give actionable steps to help your retail store survive and even stay profitable during the outbreak.
In the time of the novel coronavirus outbreak, hairstylists, makeup artists, nail technicians, and salons are all in a really tough spot. Many state and city governments have mandated closures of these types of businesses. Salons in some states are still open for the time being, but business has slowed to a trickle. In this article, I’ll offer you some useful advice on how your salon can adapt and survive during this incredibly trying time.
While it’s hard to predict the future as things are changing so rapidly, it seems likely that many restaurants will remain open throughout the novel coronavirus pandemic, if only in a limited capacity via delivery and take out options. Keep reading to learn how your restaurant business can adapt to new business conditions in the age of coronavirus, including resources on how you can save your business from closing and even continue serving customers during this crisis.