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.
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.
SBA Loans: Current Interest Rates For July 2021
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).
What Is The SBA Supplemental Targeted EIDL Advance & Is My Small Business Eligible?
Is your business struggling from financial hardship due to the coronavirus pandemic? Find out if your small business is eligible for the 2021 supplemental Targeted EIDL Advance from the Small Business Administration.
FAQs About SBA EIDL Loans & Targeted Advances For COVID Relief
The economic impact of the COVID-19 pandemic has been harsh, particularly on small businesses. Fortunately, there have been a number of loan and grant programs open to small business owners to offer financial help during these tough times, one being EIDL.
SBA Restaurant Revitalization Fund Grants For Food Service Businesses: 2021 Guide
The Restaurant Revitalization Fund grant program is now open. The deadline for applying is May 24, 2021, at 8 PM ET, so all interested businesses should apply ASAP.
Don’t Want (Or Were Denied) An EIDL Or PPP Loan? Here Are Your Best Small Business Loan Alternatives
The PPP and EIDL programs have distributed a massive amount of funding to struggling businesses in the wake of the coronavirus pandemic. However, many businesses have been unable to secure funding from these programs despite applying when directed and meeting all the relevant qualifications. Whatever the reason, there are business owners out there in need of funding that have not been served by the PPP or EIDL programs. That’s why we’ve set out to highlight other lending options — both public and private — that are currently available to small businesses.
2021 Targeted EIDL Advance Grant: How It Works & How To Qualify
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.
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.