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...
SBA Loans: Current Interest Rates For November 2024 The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. We’ll explain the rates for three of the SBA’s ...
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...
The COVID-19 small business boom: startups surge during pandemicHicks, Maureen SoyarsMonthly Labor Review
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...
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 ...
Economic Injury Disaster Loan (EIDL): Under EIDL, U.S. Small Business Administration (SBA) offers loans of up to $2 million to meet financial obligations that are effected by the virus. These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that cannot be...
During the ongoing pandemic, keeping a small business afloat can be difficult. Here are small business owner tips to keep your business going during COVID-19.
“I am positive that whatever is happening now, there will be a lot of opportunities that will come up in the future. More entrepreneurs will come in the future because of this crisis. For our discovery plan, we are also coming up with a new business expansion that will be under the ...
These loans can either be used as standalone term loans or as bridge loans while applying for an EIDL. 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...