Congratulations, you have now completed your application for the COVID-19 Economic Injury Disaster Loan! Okay, I’ve applied. What do I do now? Unfortunately, there’s nothing to do but wait. The SBA will contact you at the email address provided if they need additional information after yo...
Loans typically take 14-20 days to fund but the SBA is working to shorten that timeframe. Collateral is required for all loans over $25,000, which may include real estate. SBA has said it will not decline a loan for lack of collateral but will require the borrower to pledg...
The Small Business Administration (SBA)Paycheck Protection Program(PPP) has helped thousands of businesses in the United States stay afloat during the COVID-19 pandemic. It can help voice actors, too! Even if your business is single-employee. And the loan may be forgiven. The third round of ...
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....
Thinking about getting a business loan? First things first, you need to learn how to apply for a business loan with these seven steps.
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. ...
New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money. In a 34-pageinterim final rule(IFR) issued in consultation with Treasury, the U.S. Small Business Administration...
"Covid-19 shows how exposed these small businesses are, and so we figure out how to take advantage of the loans and programs available," said Wilson. "We also assess our business operations so that next time we won't be as severely impacted."...
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. ...
The federal government has now approved the Paycheck Protection Program (PPP) - SBA 7(a) CARES ACT which provides for unprecedented support to the small business community in the wake of the COVID-19 Pandemic. $349 billion will be available through the