Coronavirus (COVID-19) Guides & Resources
GoFundMe: A Goldmine For Businesses Hurt By COVID-19?
Despite the initial rush to use crowdfunding during the global pandemic, is GoFundMe truly a wish-granting fairy for down-on-their-luck businesses? Should businesses impacted by the coronavirus pin their financial hope on a crowdfunded campaign?We’ll take a look at how the service has — and hasn’t — helped small businesses throughout the COVID-19 crisis.
SBA Shutters EIDL Advance Program Because Funds Have Been Depleted
Small businesses hurt financially by COVID-19 can no longer take advantage of one federal aid program intended to dish out emergency cash, as billions in funding has run dry. The Economic Injury Disaster Loan (EIDL) Advance program — which delivered this source of quick income for business — has stopped accepting new applicants, the Small Business Administration (SBA) announced in a weekend press release.
5 POS Systems With Exceptional eCommerce Integrations For Online Sellers
For retail, online selling is becoming increasingly important, as coronavirus-related closures of non-essential businesses have all but eliminated millions of small retailers’ ability to sell in-person. Maybe you have only sold in-person at your brick-and-mortar store until now, or you already do sell online, but your point of sale doesn’t work with your eCommerce solution so you want to switch. Whether you’re looking to establish your brand in the online sphere or want to replace your current online POS with a better system, read on to learn about the best multichannel retail point of sale systems.
Paycheck Protection Program (PPP) Loan Guide For Independent Contractors, Freelancers, & The Self-Employed
On December 27, 2020, a new COVID-19 aid package was signed into law and includes more funding for the Paycheck Protection Program (PPP) program. Sole proprietors, independent contractors, and self-employed individuals are eligible to apply.
Paycheck Protection Program (PPP) Loan Guide For Sole Proprietors [Updated For PPP2]
With Round 2 of the Paycheck Protection Program (PPP) looking to be about ready to begin, businesses that missed the first round will have a second chance to take advantage of the popular relief package. If you’re an individual with self-employment income, you can qualify for a PPP Loan if you meet certain criteria.
What SBA Disaster Loans Are & How To Qualify For One
The SBA Economic Injury Disaster Loan Program (EIDL) provides financial assistance to both small businesses and private, nonprofit organizations that are located in a declared disaster area. Coverage depends on the amount of economic injury sustained. That includes things that don’t cause property damage, such as COVID-19, but still result in a massive loss of demand due to circumstances beyond your control or that interrupt your ability to conduct business.
PPP Forgiveness Guide: Qualified Expenses, Forgiveness Rules, & How To Apply
The Paycheck Protection Program (PPP) is bringing much-needed relief to small business owners affected by the coronavirus. Not only does this loan program provide funding to help cover payroll and other expenses, but if used for qualifying purposes, your loan will be forgiven. In this post, we’re going to help you understand how you can qualify for PPP loan forgiveness.
5 Banks That Are Currently Accepting Round 2 PPP Loan Applications
With Round 2 of the Paycheck Protection Program (PPP) ready to kick-off the second week of January for community-based lenders, businesses may be wondering where they should go to apply for a first or second draw PPP loan. For many businesses, the most natural place to apply will be their bank. Read on for a list of the top banks with which to apply for a second round PPP loan.
7 Lenders That Are Offering Second Round PPP Loans Online
A second round of PPP funding has been approved by Congress for 2021. Want to apply for a PPP loan online? Here are the best online lenders participating in the second round of PPP loans.