The Washington Post, in an article about AutoNation, quoted an employee who was critical of the firm’s decision to apply for the loans in the first place. AutoNation reportedly used separate tax identification numbers from some of its more than 300 locations to obtain the loans. ...
The Government of Canada has announced the repayment deadline for Canada Emergency Business Account (CEBA) loans to qualify for partial loan forgiveness has been extended from December 31, 2022 to January 18, 2024 for eligible borrowers in good standing. Eligible borrowers who are in good standing...
During the COVID-19 pandemic, the government has provided several types of support loans to help businesses cope with the impacts of coronavirus and lockdown. Of these, theBounce Back Loan Scheme (BBLS)and theCoronavirus Business Interruption Loan Scheme (CIBLS)have been the most relevant for f...
On Friday, President Trump signed legislation into law that is commonly being described as Phase 3 of Congress’s efforts to offer relief to those affected by COVID-19. Among many other provisions, the bill provides small business interruption loans for eligible small businesses, businesses with ...
The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. We’ll explain the rates for three of the SBA’s most popular loan programs: 7(a) Loans (business ...
Small Business Loans and Resources to Get You Through COVID-19 With the world in coronavirus-induced quarantine, business has dried up for many companies. These resources can help you navigate these uncertain times. The coronavirus pandemic put millions of small businesses out of work, and while...
Cole--banks held $721 billion in small loans to businesses and small commercial mortgages of $1 million or less. By 2019, such loan balances had fallen around 6% to $680 billion. Bigger business loans and commercial mortgages, meanwhile, more than doubled to $2.82 trillion.Analysts blame...
WASHINGTON, April 28 (Xinhua) -- As small businesses hit by the COVID-19 outbreak scramble to apply for loans under a U.S. government program, a few not-so-small companies have already secured millions of dollars of aid, provoking strong backlash and raising questions about the relief packa...
I have applied for over 5 grants and 2 small business loans. And the best part is both of these loans are forgivable because I will be using the funds for payroll as well as other business expenses. So I decided to create this post of the exact link of some of the COVID-19 small ...
According to BusinessDIT, US SMEs were carrying$17.7 trillion of debtin September 2022, almost $425 billion more than before the pandemic. However, instead of struggling to repay these old loans, many of which were taken out as emergency funding during COVID-19, businesses may wish to conside...