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...
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 ...
Hey bosses, as we are in the middle of dealing with a pandemic I know a lot of businesses are affected by COVID-19, I also know a lottttttt of small businesses are not aware of ALL the small business grants and loans out there that are available to small businesses. I have applied ...
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...
“Small businesses don’t have investors or millions in cash and credit to weather this storm,” that employee said. “AutoNation could have made it through without taking these loans out.” The employee added that the loans are “an obscene amount for any company to take out of ...
Like original PPP loans, the amount of loan forgiveness can be reduced if the borrower has (1) reduced the number of employees or (2) employee salaries by more than 25%. However, the same safe harbors that apply to original PPP loans apply to Second Draw loans. Learn more about these ...
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...
Mayor Joseph A. Curtatone today announced that $1 million in Somerville Small Business COVID-19 Relief funds will be awarded to 123 local, small businesses impacted by the COVID-19 pandemic. Funded by federal Community Development Block Grant monies, the Fund will issue forgivable loans to busin...
If revenue has declined or expenses have risen due to COVID-19, we're here to help. Equipment Financing Machinery and equipment allow you to get the job done and take on new business opportunities. Term loans can be used to purchase the resources you need when you need them. Gaps in ...
During this COVID 19 emergency Merchant Financing Leads has developed lists and leads to target Essential Business's and SBA Emergency Loan Leads. Let Merchant Financing Leads help you target businesses that are eligible for SBA loans from the PPP and / or EDIL. These merchants are also great ...