Bulger said when the COVID-19 shutdowns began in March, revenue stopped for small businesses, and they were forced to lay off employees. But Congress and President Donald Trump agreed on a plan to fund $1 trillion for the loan and assistance programs. "We're getting the feedback now tha...
Business plans, including a growth plan Acing the application process. Once you’ve got all the documentation together, and you’ve passed through the initial assessment, it’s time to work through the full loan application. If you’ve done your due diligence, this part shouldn’t be too di...
found that more than half of the roughly 7,000 debt collection firms in America "have thrived under COVID-19." Despite that, the survey of debt collectors in 30 states found roughly 70% of all collection firms applied for a PPP loan — 95% of those that applied...
Economic Injury Disaster Loans & Emergency EIDL Grants. If a small business applies for an EIDL Loan (up to $2 million) from the Small Business Administration (SBA), they can also ask for a more immediate Emergency EIDL Grant (up to $10,000 that you don’t have to pay back). Th...
The $300 million program expires at the end of the fiscal year March 31, and due to provincial accounting rules, any surplus goes to pay down the province’s ballooning debt. The B.C. NDP government has delayed its next budget from February to April, after running up an expected def...
This means sharing intellectual resources, innovation, and in some cases unique business arrangements. Additionally, the Federal Stimulus money afforded by way of the Payroll Protection Program, and the COVID SBA Disaster Loan ensured that we did not have to send any employee home without work.”...
as political factors are also negatively impacting the fabric and infrastructure of urban living. Small businesses have been decimated by Covid-19, but all businesses will feel the burn of a general exodus from city living should enough people decide that virtual working can also mean a greener ...
“Our team really came together and selflessly put themselves out there in order to keep the business moving forward and making sure Frito-Lay foods reached store shelves,” Toya explained. “We know snacks are just one small thing in people’s lives, but they do bring some pleasure, which...
So, you got the loan. Now, you want to know how to get your PPP loan forgiveness. If you can get your PPP loan fully forgiven, you will have essentially received free money to help your business navigate through the era of COVID-19. And who doesn’t want that? But as new ...
Today, there are some 60,000 7-Elevens worldwide. Due to the COVID-19 pandemic, 2020 was the first time the store failed to celebrate July 11 (i.e., 7/11) by offering free Slurpees to customers, a tradition it started in 2002 and resumed in 2021. But in 2020, the company instea...