Information for Businesses that received COVID-19 relief programs Canada Emergency Business Account (CEBA) Business Development Canada (BDC) Co-Lending Program EDC Business Credit Availability Program (BCAP) Investissement Québec (IQ) Programme d'actions concertée temporaire pour les entreprises (PACTE...
WASHINGTON, April 28 (Xinhua) -- As small businesses hit by the COVID-19 outbreak scramble to apply for loans under a U.S. government program, a few not-so-small companies have already secured millions of dollars of aid, provoking strong backlash and raising questions about the relief packa...
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...
For example, during the COVID-19 pandemic, the SBA extended a number of relief programs to help small business owners affected by the health crisis. In addition to deferring principal and interest payments for disaster loans, the SBA created the Economic Injury Disaster Loan (EIDL), the Shutte...
Any business with 500 or fewer employees that was running as of Feb. 15 and has been negatively impacted by COVID-19 is eligible. Larger companies in the restaurant and hotel industries, such as Starbucks, can also apply for one of the loans as long as they have fewer than 500 people ...
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 ...
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 ...
These are just some examples of what certain states are doing to protect their small businesses during the COVID-19 pandemic. Small businesses in all 50 states are able to apply for SBA grants, loans, and other programs. Check with your specific state often to find out what kinds of progra...
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.
feature special purpose trusts that buy up loans from community lenders to free up capital for further lending. Small businesses apply for loans and are matched with local lenders via a common intake portal(see, “Innovative CDFIs scale up to help underserved communities move from relief to recov...