Small Business Lending during COVID-19Remy BeauregardJose A. LopezMark M. SpiegelFederal Reserve Bank of San Francisco
Another program currently offered by the Federal government includesEconomic Injury Disaster Loans. These loans have been put in place in response to the COVID-19 pandemic and are geared toward helping small business owners in all 50 states, including Washington, D.C. and all US territories. Wit...
In addition to tax reductions, the city has also offered a basket of support measures including rent reductions, free COVID testing for people in some industries such as logistics, and financial subsidies for social workers on duty during the pandemic. Wang Huayu, deputy di...
The Government of Canada has announced the repayment deadline for Canada Emergency Business Account (CEBA) loans to qualify for partial loan forgiveness has been extended from December 31, 2022 to January 18, 2024 for eligible borrowers in good standing. Eligible borrowers who are in good standing...
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 ...
The COVID-19 pandemic has profoundly affected the small business sector. A previous JPMC Institute report provided estimates of the impact during the initial weeks after a national emergency was declared on March 13, 2020 and as many states issued stay-at-hom...
Like many small business owners, Tobi Parks saw her business devastated by theCovid pandemic. Parks had to shut the doors of her independent arts and music venu,exBk, in Des Moines, Iowa, in March of 2020. It didn’t reopen until more than a year later. ...
1. Data from the U.S. Census Bureau’sSmall Business Pulse Survey, which covers employer businesses, suggest that the amount of cash on hand has increased since April 2020. For example, during the week of October 4, 2020, 26.9 percent of small businesses reported having ...
The coronavirus pandemic and resulting lockdowns can be very challenging for small business owners. Keep reading for 5 ways to keep small business cash flow as strong as possible during the COVID-19 outbreak.
I have applied for over 5 grants and 2 small business loans. And the best part is both of these loans are forgivable because I will be using the funds for payroll as well as other business expenses. So I decided to create this post of the exact link of some of the COVID-19 small ...