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Feb 10, 2022
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2021 Targeted EIDL Advance Grant: What Does Your Small Business Need To Know Now?
EIDL disaster loans are an existing SBA disaster loan program, but the US government has recently expanded the program, opening it up to virtually any small business, and added forgivable advances on EIDL loans. The advances, in particular, have gained a lot of interest from small business owners, as these advances do not need to be repaid.
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What The Stimulus Package Says About The New PPP Loans Coming Out In 2021
The second round of PPP grants $284 billion to business owners in the form of forgivable loans. As government mandates continue to keep some businesses shuttered or under strict regulations, a PPP loan could be just what you need to keep your business on track in 2021, regardless of whether or not you participated in the first round.
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MicheleBeyerQuilting Is Piecing Together Small Business Success, Even During COVID-19
Esty shop owner and quilter Michelle Beyer sells her creations on Etsy and creates custom-order pieces. Beyer has been using the free time provided by the COVID-19 pandemic to hone her craft. Read on for more details about Beyer’s quilting business and how it has adapted to the ongoing pandemic.
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PPP Forgiveness: What To Do If You Got A Paycheck Protection Program Loan & Your Employees Won’t Come Back
US small businesses and their workers are in a really tough spot right now. While some businesses are legally allowed to reopen, employees are feeling uncertain about returning to work. Complicating the situation even further, businesses who recently received a Paycheck Protection Program (PPP) loan are now calling workers back. These businesses are required to spend the federal loan proceeds on payroll in order for the loan to be forgiven—but in some cases, the workers do not want to return, often because they are making more money on unemployment benefits.
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The Second Round Of Paycheck Protection Program (PPP) Funding Has Been Announced [UPDATE: It’s Passed]
Small business owners and the self-employed have faced particular challenges and frustrations, as many were unable to get a PPP Loan during the last round of funding despite applying as soon as the funds became available. The good news is that on April 21, 2020, the US Senate passed a bill authorizing the addition of $310 billion to the Paycheck Protection Program (PPP), which offers forgivable loans to businesses affected by the devastating COVID-19 outbreak. Just know that once it’s signed into law, it might be another day or so before the SBA can reopen the program to new applicants.
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COVID Relief: Can My Small Business Get Multiple EIDL Loans?
Can your small business get multiple EIDL loans? Can you increase your EIDL size? Find out if it’s possible to get more relief funding from the EIDL program.
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Don’t Want (Or Were Denied) An EIDL Or PPP Loan? Here Are Your Best Small Business Loan Alternatives
The PPP and EIDL programs have distributed a massive amount of funding to struggling businesses in the wake of the coronavirus pandemic. However, many businesses have been unable to secure funding from these programs despite applying when directed and meeting all the relevant qualifications. Whatever the reason, there are business owners out there in need of funding that have not been served by the PPP or EIDL programs. That’s why we’ve set out to highlight other lending options — both public and private — that are currently available to small businesses.
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Economic Injury Disaster (EIDL) Loans VS Paycheck Protection Program (PPP) Loans: What’s The Difference?
Wondering what the difference is between EIDL and PPP loans? Or need help deciding which (or both) type of SBA coronavirus loan your business should apply for? Read on to compare/contrast these two different Small Business Administration loans for small business coronavirus relief and decide which is better for your needs so you can apply for it.
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California Kabob: Fighting To Sustain A Family Legacy
Despite COVID restrictions, rent hikes, a changing market, and unforseen legal battles, Bibi Pirayesh of California Kabob is determined to fight to sustain her father’s legacy. The LA-based Persian restaurant has served up food and community for over 20 years, but is now struggling to survive the pandemic. Read on for more details about California Kabob.
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