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?
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
The SBA Express Bridge Loan is a fast, short-term solution for small businesses with SBA loans to get up to $25,000. The money from these loans can be used to assist the business that is losing revenue due to the coronavirus crisis. It can also be used to help while waiting on another loan to… Continue reading SBA Resources: The SBA Express Bridge Loans
The SBA has already issued over $1.4 billion in EIDL funds in the state of California alone. The Economic Injury Disaster Loan is a small loan, up to $10,000, to small agricultural business owners who are currently affected by economic conditions due to the coronavirus. If your business has seen a drop in sales or… Continue reading SBA Resources: The Economic Injury Disaster Loan (EIDL)
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