We have a new Congress and a new President and his administration. What will that mean for your small business when it comes to help, assistance, and guidance from the government? Congress has held sessions with experts. The President is making this a priority in the face of this pandemic. In an address in January,… Continue reading COVID and Small Business: What To Expect From Congress in 2021
Tag: CARES Act
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-19 Relief Series, Part 3: What is an SBA 7a Loan?
What is an SBA 7a loan? An SBA 7a loan is an SBA-backed loan through a private lender. There are several types of SBA 7a loans, including the Standard 7a loan, the 7a Small Loan, the SBA Express Loan, and more. When people say, “SBA Loan,” they are typically referring to this popular program. A… Continue reading COVID-19 Relief Series, Part 3: What is an SBA 7a Loan?
COVID-19 Relief Series, Part 2: Paycheck Protection Program
NOTICE: Per the SBA, the Paycheck Protection Program is currently on hold, as the money has run out. The Senate passed a $484 billion bill that includes an additional $310 billion for the Paycheck Protection Program. It now goes to the House and then to the President who indicated that he would sign it. What… Continue reading COVID-19 Relief Series, Part 2: Paycheck Protection Program
COVID-19 Relief Series, Part 1: The CARES Act
What Is the CARES Act? The CARES Act is the Coronavirus Aid, Relief, and Economic Security Act. The bottom line is that the CARES Act was passed by Congress in order to help Small Businesses through the turbulent COVID-19 economy. The goal of the CARES Act is to help small businesses survive uncertain economic times.… Continue reading COVID-19 Relief Series, Part 1: The CARES Act