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Over Half Of US Businesses Claim PPP Wasn’t Enough, Survey Says
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A survey from business funding matchmaker Fundera found that business owners across the US didn’t get enough funding from their PPP loans. What’s more, the program is closing soon; is there hope of a PPP renewal? Read on.
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SBA Loan Rates – Current Rates For August 2020
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The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. We’ll explain the rates for three of the SBA’s most popular loan programs: 7(a) Loans (business loans for most general business purposes), CDC/504 Loans (business loans to finance real estate and other fixed assets), and Disaster Loans (loans to rebuild following a disaster).
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Forget The Euro: Community Currencies Are Stronger Than The US Dollar
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With a COVID-19-related recession looming overhead, community currencies are becoming an increasingly popular option for keeping local economies afloat. Community currencies help damaged local economies by encouraging consumers to keep money within the community.
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$1.5M In Grant Funds Now Available For Minority-Owned Businesses Via Citizens Bank
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Citizens Banks just announced a $1.5 million grant program designed to help minority-run small businesses affected by COVID-19. Does your business qualify?
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$1 Million In Small Business Grants Now Available Through The Hartford & Main Street America
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$1 million is now available for US-based small businesses thanks to a grant program announced today by financial firm The Hartford and Main Street America, a nonprofit focused on revitalizing older and historic commercial districts. The HartBeat of Main Street Grant Program will sponsor grants ranging from $5,000 to $15,000 in size.
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Survey: 92% Of Small Business Have Pivoted Due To COVID-19
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One of the hottest business buzzwords during the coronavirus pandemic has been “pivot” — the concept of businesses reinventing and shifting strategies. By the numbers, small businesses across the US have indeed embraced the pivot: 92% reported changing at least one aspect of their business since the onset of COVID-19, according to data from a recent survey that was released online last week.
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Small Business Loan Resources & Guides For Businesses Affected By The Coronavirus
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The federal government is still shaping its response to the unfolding coronavirus pandemic and the accompanying economic fallout, so a lot of questions remain with regard to what kind of relief will eventually be available. In the meantime, if your small business is suffering, there are some resources you can immediately tap that can either directly extend credit to you, or help guide you to it.
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Paycheck Protection Program (PPP) Loans For Contractors & Freelancers: What The Self-Employed Should Know
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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.
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Paycheck Protection Program (PPP) Loans For Sole Proprietors: Where & How To Apply
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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. This includes businesses whose owners may have assumed they did not qualify due to being sole proprietorships with no employees (this status technically applies to freelancers as well). If you’re an individual with self-employment income, you can qualify for a PPP Loan if you meet certain criteria.
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