Business Development Canada (BDC) Co-Lending Program The Co-Lending Program brings the BDC together with TD to co-lend term loans to Small and Medium businesses that need help with operational cash flow requirements. This program is no longer being offered. ...
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 ...
SBA Loan Debt Forgiveness:The new law resumes the government payment of monthly principal and interest on small business loans guaranteed by the SBA under the 7(a), 504, and Microloan programs. Borrowers with loans approved by the SBA prior to the CARES Act will receive an additional three mo...
small businessbank loansUsing representative loan-level data in China, this paper shows that bank loans for small businesses are more generous and flexible during the pandemic. In places more severely affected by the pandemic, loans for small businesses have lower costs, shorter maturities, larger ...
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 ...
In addition to the Paycheck Protection Act and the EIDL, other strictly SBA-related resources exist to help offer relief to small business owners. Here are two such programs: SBA Express Bridge Loans The SBA’s Express Bridge Loan program offers $25,000 to business owners who already have a...
About 1.6 million applications for the loans may have been approved without being evaluated, according to the AP. The AP cited U.S. senators saying that Washington failed to take basic steps at the start of the COVID-19 pandemic to prevent fraud in the aid program.■...
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...
Banking giant Goldman Sachs is offering a variety of incentives geared toward helping small businesses that have been impacted by the pandemic. Some of the incentives include a Small Business Stimulus Package allocating $250 million in emergency loans, and another $25 million in grants. In total,...
On Monday, Sen.Amy Klobucharand 21 other senators wrote Treasury SecretarySteven Mnuchinand Small Business Administrator Jovita Carranza, urging them to disclose measures that would prevent PPP loans from "unjustly enriching" companies thatare not suffering as badly as many small businesses are...