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Round 2 PPP Loans Explained: Rules, Requirements, & Where To Apply
While the CARES Act has many moving pieces and parts, the sections dedicated to protecting small businesses and the people they employ will be a salve amid a tragic month of anxiety. One of the specific offerings in the stimulus package is the Paycheck Protection Program. These loans come with stipulations but are equipped with some generous benefits to help protect payroll. Keep on reading to find out what they might mean for your business.
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PPP Loan Forgiveness: Rules & Guidelines
The Paycheck Protection Program (PPP) is bringing much-needed relief to small business owners affected by the coronavirus. Not only does this loan program provide funding to help cover payroll and other expenses, but if used for qualifying purposes, your loan will be forgiven. In this post, we’re going to help you understand how you can qualify for PPP loan forgiveness.
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Regular 3508, 3508EZ, or 3508S: Which PPP Forgiveness Form Is Right For My Small Business?
You will need to apply for forgiveness through the lender that serviced your PPP loan, not the SBA itself. To do this, you’ll need to submit one of the three available forgiveness application forms, depending on your circumstances: SBA Form 3508, SBA Form 3508S, or SBA Form 3508EZ.
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7 Lenders That Are Offering Second Round PPP Loans Online
A second round of PPP funding has been approved by Congress for 2021. Want to apply for a PPP loan online? Here are the best online lenders participating in the second round of PPP loans.
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How To Check The Status Of Your SBA Economic Injury Disaster Loan (EIDL) Application
Many small business owners facing financial challenges have applied for the EIDL program. As with other SBA loans, the EIDL program isn’t exactly the fastest source of funding. The addition of the CARES Act and expedited processing of loans has made it possible to receive funds faster than ever, but many business owners are still in the dark about when funding will come through.
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SBA EIDL Loans & Targeted EIDL Advance: Your Questions Answered
The economic impact of the COVID-19 pandemic has been harsh, particularly on small businesses. Fortunately, there have been a number of loan and grant programs open to small business owners to offer financial help during these tough times, one being EIDL.
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PPP Round 2: Main Differences Between The First & Second Round Of PPP Funding
Guidance for the new and improved program was released January 6, 2021, with the program expected to be online by January 21. With thousands of small businesses under unprecedented stress, you can expect demand for these programs will be extremely high.
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When Will My Paycheck Protection Program (PPP) Loan Be Funded?
Different lenders have different policies, some businesses may face delays, and not every loan timeline will be identical. However, we’ve looked at lender policies, SBA guidelines, and comments and complaints from business owners to help determine the timeline for PPP loans, from the time you submit your application to loan disbursal.
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Best eCommerce-Friendly POS Systems For Online Sellers
We’ve put together this post to help small retail businesses modernize their operations by bridging the gap between online sales and physical retail sales. Whether you’re looking to establish your brand in the online sphere or want to replace your current online POS with a better system, read on to learn about the best eCommerce POS systems.
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