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...
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...
COVID-19: Small Business Interruption Loans 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 ...
Businesses have taken a hit during the pandemic, but withsmall business loansit is possible for a business to recover from the impacts of COVID-19 even without federal relief. Many small businesses had to shut for weeks or months. If your business was not deemed essential, you likely had ...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, 2020, authorized $349 billion in loans to cover small business payroll costs under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) with the purpose of helping empl...
As part of an end-of-year pandemic relief package, Congress has passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses who have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgivene...
Multiple businesses with ties to President Donald Trump received millions of dollars in small business relief loans backed by the administration. Trump is linked to the firms and their executives through business deals conducted with his company, the Trump Organization, as well as through financ...
SMALL BUSINESS RELIEF IN THE TIME OF COVID-19: DESERVINGNESS JUDGMENTS LEAD THE PPP TO FAILUREHENDRICKS, BLAIRJournal of Civil Rights & Economic Development
As you face ongoing challenges, the Small Business Administration offers disaster relief funding and other benefits. Contact the SBA Visit our FAQs Get more information about Paycheck Protection Program loans. Find answers Bank of America and the Bank of America logo are registered trade...
We’re here to help you navigate the options and give your business a fighting chance. GET FREE HELP Available resources Loan and grant programs are available for small businesses, non-profits, sole proprietorships, and independent contractors and affected by COVID-19. ...