The brand new “Second Draw” program is for small businesses, non-profits, sole proprietors, and independent contractors who have exhausted their initial PPP loan. The program will make new loans through March 31, 2021 or until the new funding is exhausted. ...
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...
Lendio- Best for Startup Loans OnDeck- Best for Prepayment and Loyalty Benefits Ad Small Business Owner, get the working capital you need. If you want more flexibility than a commercial bank might offer, an alternative lender like OnDeck is ready to offer you a loan. Click on your state ...
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 ...
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 ...
The EIDL is a loan provided by the federal government of the USA to help business owners who have incurred heavy losses in the ongoing Covid-19 pandemic. By properly submitting required documents and IRS forms, an owner can get a borrower’s loan amount up to 500,000$. ...
During the ongoing pandemic, keeping a small business afloat can be difficult. Here are small business owner tips to keep your business going during COVID-19.
With the Paycheck Protection Act, loans can be up to 2.5x the business owner’s typical monthly payroll costs (not exceeding $10 million). To calculate your average payroll costs to get an idea of how much you could receive, use this equation: ...
The CARES Act included provisions to support small businesses affected by the COVID-19 (coronavirus) outbreak beyondsmall business loansfrom the SBA.Learn moreabout the other parts of the CARES Act, including tax breaks and debt relief, that can offer some financial relief to your business. ...
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 consider other options. Business debt consolidation and refinancing may reduce their monthly payments, give them longer to repay, and even free up...