The White House recently announced new changes to the Paycheck Protection Program (PPP) to better focus federal relief funds and aid struggling small businesses that may have been left behind during the first rounds of funding. The changes come at a critical time, when our research reveals that minority-owned businesses have greatly struggled to secure capital compared to their white counterparts.
While small businesses across the nation continue to wait for more financial aid from the federal government, a new grant established by the December stimulus bill passed by Congress can help ease the burden of venue owners during the pandemic. The Shuttered Venue Operators (SVO) Grant will provide $15 billion in emergency assistance for eligible venues affected by the COVID-19 pandemic and be administered by the Small Business Administration’s Office of Disaster Assistance.
As we begin a new year, small business owners who applied for a Payment Protection Program (PPP) loan should be aware of the processes and requirements to apply for PPP loan forgiveness. Taking the following steps to complete the loan forgiveness process will give you peace of mind and may help you prepare for the upcoming tax season.
Here are some key facts to consider as you start to navigate the process.
Congress approved a new federal relief package to help struggling small businesses weather the coronavirus pandemic, putting an end to months of ongoing negotiations and congressional inaction. Read our summary of the key pieces of the legislation that can support the recovery of small businesses.
This year we’ve seen how important it is for small business owners, their employees and their families to have access to health coverage. If you or your employees need to enroll in or renew your health insurance plans for 2021 through the Affordable Care Act (ACA) individual marketplace, your time is here. This open enrollment season is taking place from November 1 to December 15, and many will be eligible for premium assistance to help offset the cost of coverage.
Here are some key facts to keep in mind as you consider shopping for coverage:
With the coronavirus pandemic changing every aspect of our lives, it’s only natural that the ways in which people purchase products and services also need some adjusting. And with the upcoming holiday season fast-approaching, small business owners must go where the consumer is: online.
Here’s a helpful checklist for you to look over to prepare your business for the holiday season and help boost your bottom line throughout the pandemic.
This blog originally appeared on the blog of our partner CO-STARTERS.
Although some businesses have seen the relief offered by the CARES Act—particularly the Paycheck Protection Program SBA loans—many small businesses have been left wondering if their application is even being considered.
This blog originally appeared on the blog of our partner CDC Small Business Finance
As a small business owner, we know you need relief and you want it fast. We urge you to be diligent when getting an emergency loan. It’s critical to know how to not fall victim to scams and fraud.
“Fraudsters have already begun targeting small business owners during these economically difficult times,” according to the SBA, which warned owners in particular of grant and loan fraud and phishing schemes.
This post originally appeared on the blog of CDC Small Business Finance
CDC Small Business Finance understands the profound impact of the Coronavirus on small businesses everywhere. The challenge may seem overwhelming, but we have concrete steps for small business owners to take as they face it.
Our Business Advisers have prepared their top tips for businesses impacted by COVID-19.
We urge you – these tips are important to address immediately and continually over the next 30 to 60+ days.
This post originally appeared on the blog of Small Business Majority.
In celebration of Black History Month, we hosted a Twitter chat during which we asked partners like Accion, CAMEO, Working Solutions, Illinois SBDC and Main Street Launch to share resources and advice with Black small business owners and entrepreneurs.