Companies that keep employees on the payroll for eight weeks will receive loan forgiveness for the portion of the loan used for payroll, rent, mortgage interest or utilities, the SBA says. Still, not every small business owner is jumping at the chance to take on more debt....
Apply for the Loan Advancehere.or through a local SBA office. TIP:If you’re applying for an EIDL, it’s recommended that you complete the grant request and take advantage of what could be a $10,000 lifeline for your business.
WBCs do not administer loan funding directly but assist entrepreneurs with every other aspect of preparing to launch a business, from writing a business plan to one-on-one coaching. The SBA's Office of Women’s Business Ownership is a great resource for women-owned small businesses. What you...
Are there other federal loan options for small businesses? Yes. The government’sCoronavirus Aid, Relief and Economic Security (CARES) Act(opens in new tab)made available an additional $350 billion to help small businesses. The new program that is distributing that money, known as the Paycheck ...
The not-for-profit business got one federal PPP loan. Now they're applying for the second round. "We still had to pay our mentors. We still had to pay a down payment on the location," Spleen said. This time, small businesses like Spleen's, with fewer than 20 employees, will go ...
- The deadline for applications for the state’s Small Business COVID-19 Grant Program has been extended after thousands of businesses applied and many of them couldn't get through. Flights Restaurant Owner Alex Hult was one of them and shares his frustration. "If we don't get ...
The Paycheck Protection Program was a federal program designed to support small businesses through the COVID-19 pandemic. If you received a PPP loan, you may be able to apply for forgiveness. If this is granted, you won’t have to repay the loan. ...
U.S. Small Business Administration: Paycheck Protection Program Borrower Application Form U.S. Small Business Administration: Economic Injury Disaster Loans U.S. Small Business Administration: COVID-19 Economic Injury Disaster Loan Application U.S. Small Business Administration: SBA Debt Relief Advertisem...
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Saturday, Aug. 8 is the last day for entrepreneurs to apply for a Paycheck Protection Program loan. Since it opened on April 3 via the CARES Act, more than 5 million loans to small businesses have been approved, adding up to $521.7 billion, according to Aug. 3 data from the Small...