With the coronavirus pandemic impacting small businesses nationwide, borrowers need their money to make ends meet during these critical months of isolation. While the White House announced via Twitter that PPP Loans had been disbursed, banks aren’t releasing numbers, the SBA won’t confirm the White House statement, and many approved small businesses are still waiting for funds.
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Paycheck Protection Program (PPP) Loans For Contractors & Freelancers: What The Self-Employed Should Know
On Friday, April 10th, 2020, the second phase of the CARES (Coronavirus Aid Relief and Economic Security) Act will go into effect, and independent contractors and the self-employed will be able to apply for their share of the Paycheck Protection Program (PPP) Loans available to businesses impacted by the Coronavirus pandemic. April 3rd marked the opening day for small businesses to apply for PPP loans, and the roll-out has been complicated by an influx of applications–it is clear the need for these loans is great.
SBA Paycheck Protection Program (PPP) Loans Explained: How They Work, Who Qualifies, & Where To Apply
While the CARES Act has many moving pieces and parts, the sections dedicated to protecting small businesses and the people they employ will be a salve amid a tragic month of anxiety. One of the specific offerings in the stimulus package is the Paycheck Protection Program. These loans come with stipulations but are equipped with some generous benefits to help protect payroll. Keep on reading to find out what they might mean for your business.
Small businesses in the time of COVID-19 are faced with brutal choices and will need to employ creative solutions as the pandemic changes the landscape of our lives. If you have a service that meets the needs of your community during the pandemic, getting information out to potential customers is a necessity. People right now want to help small businesses thrive, and they are looking for ways to spend their money conscientiously. We’ve got a few tactics to help you navigate the current landscape and build a community around your business.
No matter what you think about the virus or the reaction to it, working parents and their school-aged children hunkering down at home together is now the new normal for most families across the nation. As a company, Merchant Maverick wants every single person who comes to us seeking some balance in this unbalanced time to find help and also to find a community that understands the unique challenges of remote working with children.
Our current news cycle is dedicated to the coronavirus COVID-19 outbreak, and employers and employees alike have anxiety about what might happen should the virus spread. The impact has the potential to be severe and businesses everywhere are bracing for disruption. It is not unwise or irrational to develop a plan for your company, even in this early stage. Worries of a global pandemic are already impacting consumer/employee/business choices.
Merchant Maverick has spent countless hours learning the ins and outs of payroll software and testing the best options around. Grab a coffee and save yourself some hours by delving into our top choices for small businesses. What you need is out there, and we will make sure you find the best payroll fit for your business.
Learn all about C-corporations and S-corporations so you can make an informed decision about which one is right for your business.
Loss leader pricing is a beloved tactic of big-box retailers like Walmart. For small businesses, it can be a much riskier tactic — but one that could pay off. Here’s what you need to know about using this strategy to drive sales.
You need to learn how to price your products correctly to build a successful business. We’ve got the most common pricing strategies, plus how to calculate your costs and other considerations before you set a number.