While the program is technically a loan, the terms of the loan state thatif you retain all employees on payroll for a total of 8 weeks, and that money is used only for expenses related to payroll, mortgage interest, rent, and/or utilities,the loan will be forgiven in its entirety. Can...
To find help navigating the options available, Sullivan suggests reaching out to your localChamber of Commerce, localSmall Business Development CenterorSCORE,a network of volunteer business mentors. SIGN UP:Money 101 is an 8-week learning course to financial freedom, delivered weekly to your in...
R-Pa., led the push for small business relief last month. They said in a letter Congress should provide cash for the industries that might be the most impacted by omicron through the Restaurant Revitalization Fund (RRF). The RRF ran out of money in the fall. ...
COVID-19 affected a lot of small businesses, as customers who patronize them were indoors trying to protect themselves against the virus. But, even with that, some small businesses who have an online presence were able to operate. Goods and services were exchanged for money online. That's on...
"We just can't afford to lose more money. We already lost too much. No business here for far too long as nobody comes here. I decided to break losses and to do something else," Teo said. For now, Sun is still hanging on. When asked about his next move, Sun remained silent for...
"That's why the funding is vitally important — to set the stage for the future of the industry, to come out stronger and utilize everything we've learned in the past year." SIGN UP:Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox. For the...
Another popular reason to refrain from SFP was financial: some participants cited the economic crisis and their own impaired finances as reasons to avoid SFP. For example, Sasha, who feared he might be fired from his job, explained:“I’m just not in the mood to spend any money when I ...
Atty. Barney Almazar, a partner at Gulf Law, says that for both parties to make this current situation work, employers can just make their employees work from home. This is a win-win situation since the businesses would still be earning money while at the same time, providing salaries to...
Sex worker rights organisations have sprung to the fore and assisted FSWs in need by offering money, personal protective equipment and food. These organisations have joined forces to fill the gap left by the government’s inaction. They are assisting people in need by offering food, money, and...
However, as the corporations squeeze activities, small-scale businesses have remained resilient, keeping their doors open as the country introduces various tough measures to curb the spread of the virus. These traders include those running mobile money shops, agro-input dealers, fresh produce stores,...