There’s a great deal of uncertainty for small business owners during this pandemic and the shaky economy. Many small businesses are pulling together hope and optimism. Others have shut their doors without much warning or notice. Here’s a rundown of some of the latest news and information for small business owners. There Is Optimism Out… Continue reading COVID-19 Impact on Small Business and What You Can Do About It
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August Update: The Latest Economic Stimulus Update
[UPDATE: Congress has still not passed the latest stimulus bill and will not reconvene until November 9th, after the election.] The latest jobless numbers are better — as compared to the most recent unemployment numbers: 963,000 filed jobless claims. While that’s down from previous weeks, it’s still astronomically high. So, what does that mean for… Continue reading August Update: The Latest Economic Stimulus Update
COVID-19 Updates: What Help is Still Available?
We keep seeing the headlines of the government running out of funding assistance for businesses. Congress keeps extending deadlines and funding programs. So, what help is still available to help your business survive the current COVID-19 economic crisis? Three key programs are currently open to applications and have funding available. Paycheck Protection Program: Congress reopened… Continue reading COVID-19 Updates: What Help is Still Available?
Paycheck Protection Program Open Through August 8th, 2020
Congress has extended the Paycheck Protection Program through August 8th, 2020. That means small businesses, through their SBA 7(a) lender can apply for the PPP loans. The goal of the Paycheck Protection Program is to enable businesses to keep their employees on the payroll during the coronavirus crisis, a time when many companies might be… Continue reading Paycheck Protection Program Open Through August 8th, 2020
Update: SBA Reopened The Economic Injury Disaster Loan (EIDL)
The SBA recently made the announcement below about the reopening of the Economic Injury Disaster Loan (EIDL) program. This is a different announcement than the recent update on the Paycheck Protection Program, which is a forgivable loan. The EIDL is a fixed rate, long-term loan to help businesses hurt by the coronavirus crisis cover general… Continue reading Update: SBA Reopened The Economic Injury Disaster Loan (EIDL)
Get Help With Living Expenses During COVID-19
If you need help with living expenses during the COVID-19 crisis, the US Government has several programs and options available to you. USA.gov has the following assistance available: Rent assistance Student financial aid Aid to military vets and families Help with food and bills Social Security and Retirement Cutting Personal Expenses During COVID-19 In addition… Continue reading Get Help With Living Expenses During COVID-19
Out of Work? OnwardCA Offers Resources to the Unemployed
If you’re recently out of work due to COVID-19, you’ll want to check our OnwardCA (part of OnwardUS). They provide a smart, simple way to connect with assistance resources based on your specific situation. Losing a job can put you and your whole family in a real bind. You may need help with job transition… Continue reading Out of Work? OnwardCA Offers Resources to the Unemployed
Pandemic Unemployment Assistant: The CARES Act
Many aspects of unemployment are handled at the state level, including the length of benefits, etc. Your eligibility will also filter through your state, so be sure to start there. The key part of the CARES Act unemployment provisions is that the $600 weekly benefit is available to just about everyone, including independent contractors and… Continue reading Pandemic Unemployment Assistant: The CARES Act
COVID Unemployment Extension: When Does it Run Out?
While the rate of increase in unemployment filings actually decreased recently, the national unemployment rate is still over 13%. This has many of those who are currently unemployed wondering if the additional $600 in weekly benefits will run out, or if Congress will extend those benefits. When Do Unemployment Benefits Run Out? So, does the… Continue reading COVID Unemployment Extension: When Does it Run Out?
SBA Resources: Debt Relief
Do you currently have an SBA 7a Loan through your bank with the SBA? If so, you can use this program, and the SBA will actually make your loan payments, including interest, for six months. And even better news is that you don’t even need to apply for this. The SBA will automatically apply the… Continue reading SBA Resources: Debt Relief