and it is very frustrating that the majority of these true small businesses haven't received their loan yet," said Holly Wade, director of Research and Policy Analysis at the National Federation of Independent Business.
We're here to help our small business clients during the coronavirus. Get information on how to apply for a business loan through the Paycheck Protection Program. Find other resources and services to support your business.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are cur...
their loan forgiveness reduced.Note: The safe harbors for when an employer cannot find qualified employees or where complying with COVID related safety measurers prevents a return to February 2020 levels of business activity and staffing remain in effect. Learn more in ourGuide for PPP Loan ...
US Treasury Secretary Mnuchin: It’s ‘outrageous’ the LA Lakers took a small business loan The Los Angeles Lakers, one of the richest NBA franchises, applied for and received $4.6 million in federal loans earmarked for small businesses affected by thecoronavirus pandemic, the basketba...
The Medical Group Management Association’s most recentMGMAStatpoll asked medical practice leaders, “Have you applied for a loan under the Small Business Administration’s Paycheck Protection Program?” The majority (76%) responded “yes,” while 24% indicated “no.” ...
To be sure, there was a response after Covid devastated the economy. The Small Business Administration rolled out forgivable loans through the Paycheck Protection Program and aid through its Economic Injury Disaster Loan program. Grants for the live entertainment and arts industry were given through ...
If your business is in an urgent need of cash, an Express Bridge Loan could be just what you need to make payroll while you wait for the programs mentioned in the previous sections to come through. Keep in mind that an SBA Express Bridge Loan will have to be repaid. However, if you ...
Opt for as collateral loan Demonstrate robust company financials Compare and pick the loan of your choice with OCBC Business Banking At OCBC, we are committed to helping our SME clients meet their business needs. Whether it’s getting through the COVID-19 pandemic, expanding the business, or ...
A framing art gallery is closed in Venice Beach, California’ during the COVID-19 novel coronavirus. APU GOMES/AFP via Getty Images Some small-business owners are growing increasingly worried thatloan money being distributedas part of the coronavirus relief package will run out before they can...