Coronavirus (COVID-19) Guides & Resources
Contact Tracing For Small Businesses: Are You Prepared?
Contact tracing is a critical part of the public health response to coronavirus, and it’s just as important for reopening the economy. As a business owner, contact tracing can help you protect your workers and customers from COVID-19, and even prevent your business from getting shut down in the event that an employee tests positive. Learn more about contact tracing and how you can set up a system to help your business prevent an outbreak.
Paycheck Protection Program (PPP) Loans For Sole Proprietors: Where & How To Apply
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.
How To Apply For A Paycheck Protection Program (PPP) Loan For Coronavirus Relief
One provision of the CARES Act that has gained a lot of attention nationwide is the Paycheck Protection Program (PPP). This program has received an overwhelming response from small business owners. If you own a small business and have employees on your payroll, the PPP loan may be beneficial for you. Keep reading to learn more about this program, how to know if you qualify, and how to navigate the application process with ease.
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.
SBA Loan Rates – Current Rates For July 2020
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 Main Street Lending Program & Is My Small Business Qualified?
As the COVID-19 pandemic continues its societal devastation and an economic crisis thrives in its wake, many businesses throughout the US are hurting financially. In an effort to help alleviate small- and medium-sized businesses, the Federal Reserve has announced a new inititative known as the Main Street Lending Program. Read on for more details.
How To Check The Status Of Your SBA Paycheck Protection Program (PPP) Loan Application
As part of the national effort to combat the devastating economic effects of the COVID-19 pandemic, the CARES Act was signed into law on March 26, 2020. The Act authorized the creation of the $349 billion Paycheck Protection Program (PPP), a loan program meant to provide loans to businesses impacted by the pandemic. Sadly, this program has been beset with problems from the start. Small businesses seeking relief have had to deal with a confusing application process, banks that have been unwilling to accept loan applications from “new” customers, delays in the disbursal of loan funds, and a creaky SBA computer system. If you find yourself in the unfortunate position of waiting to learn about the status of your PPP loan application, here’s what you can do.
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.