As part of an end-of-year pandemic relief package, Congress has passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses who have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgivene...
The Paycheck Protection Program (PPP) Loan Forgiveness program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It allows small business owners to get loans from the government to cover their payroll, rent, mortgage, and other expenses during the COVID-19 pandemic. T...
Consider Savita's case. Savita suffered tremendous financial losses in her designer accessory and apparel business during the COVID-19 pandemic. She applied for several loans but stepped back because of the high rate of interest and collateral, which any banks asked her to keep in place of the...
What can you use SBA disaster loans for? Capital can be used for a wide range of business-related expenses. Common uses include startups, emergencies, real estate, mortgages, and buying equipment. Who qualifies for an SBA disaster loan? For COVID EIDL loans, small businesses, U.S. agricul...
A number of high-earning online figures received federal relief loans designated for helping small businesses to get through the pandemic, including MrBeast, Jeffree Star, and FaZe Clan. Companies belonging to YouTubers MrBeast and Jeffree Star were approved for Paycheck Protection Program (PPP) ...
For millions of Americans, COVID-19 is having a profound financial impact. The novelcoronavirus has led to record unemployment, as well as reduced hours for many employees lucky enough to still be working. Unfortunately, young adults may especially be feeling negative financial effects, as many ...
During the pandemic, COVID relief funding became a lifeline for many small businesses. Communities turned to us to support them through the unprecedented. Amount of relief funds provided -$880 million Number relief loans funded -12,800
Impact of COVID-19 Pandemic: Government Relief Package and the Likely Mis-Allocation of Loans in Pakistandoi:10.2139/ssrn.3572718COVID-19 PandemicPakistan BanksFinancial RegulationPerverse IncentivesDeposit Protection SchemeCapital Adequacy RatioThis study argues the likely misallocation of capital in ...
Schumer says COVID EIDL relief has been a lifeline for hundreds of thousands of small businesses and non-profits in New York State. The Senate Majority Leader says, with the loans starting to come due next month, many restaurants and mom-and-pop shops are struggling to stay afloat as they...
For eligibility requirements and to learn more, visit the North Dakota Economic Resiliency Grant site. P Pennsylvania: COVID-19 Relief Statewide Small Business Assistance Small businesses may apply for grants ranging from $5,000 to $50,000. Apply quickly! The application period closes on August ...