From making payroll to paying rent – small businesses across the country have been struggling with major economic challenges from the coronavirus pandemic. Thankfully, some states are now offering grants, loans and other assistance to small businesses affected by the crisis, providing them with the ...
MNUCHIN 'VERY HOPEFUL' US CAN BEAT CORONAVIRUS IN 10-12 WEEKS In order to qualify for an SBA economic injury disaster loan, a business must prove substantial economic injury – that it is unable to pay its ordinary and necessary operating expenses. The point of the loan is to help a busin...
Direct Loans Terms 3 years with a six-month deferment before the first payment is due. Interest Rate 2% Fixed Requirements Must maintain a business location in the City of Atlanta. Eligible Areas Citywide Application Fee Waived Community Loan Fund Provides funds for existing companies improving...
Once prospective borrowers have reviewed and agreed to their pre-qualified loan terms, funds are typically dispersed within two to five business days. Repayment terms are flexible and are calculated as a percentage of net sales. That means borrowers will never have to worry about meeting higher fi...
Some small-business owners are growing increasingly worried thatloan money being distributedas part of the coronavirus relief package will run out before they can access funds. ThePaycheck Protection Program, which is being overseen by the Small Business Administration, will pay out up to $349 b...
“Invitations to apply have been sent to more than 450,000 customers with a total notional loan amount of around $50 billion, which we stand ready to submit to the Small Business Administration for its acceptance,” the San Francisco-based bank said. That’s “an amount comparable to our ...
The PPP offers small businesses affected by the coronavirus, loans of up to 2.5 x their average monthly payroll costs. See if your company qualifies for relief funding here. Apply » Additional Servcies SBA Pay-Check Protection Program Fundera, small business loan marketplace, are now providi...
Unlike other SBA provisions, the new Paycheck Protection Program also allows sole proprietorships — a type of business structure popular with individual freelancers — to be eligible for a loan. Terms and red ink? The new program, funded by both private lenders and the U.S. Treasury, runs ...
The Lakers currently have a payroll of more than $122 million just for the franchise's players for the current season, which is suspended because of the coronavirus pandemic. LeBron James, the team's superstar forward, has a base salary this season of more than $37 million. ...
Small Business Loans and Resources to Get You Through COVID-19 With the world in coronavirus-induced quarantine, business has dried up for many companies. These resources can help you navigate these uncertain times. The coronavirus pandemic put millions of small businesses out of work, and while...