The world is a very different place for owners of small businesses right now. Depending on which lender you talk to, banks may be pulling back on their funding for small business loans by tightening standards or even pausing lending altogether in light of the uncertainty caused by COVID-19. With that in mind, you may want to turn to private [...]

If you’re a small-business owner, you’ve probably been affected by COVID-19 in one way or another. Because there have now been two rounds of funding for the Small Business Administration (SBA) loan programs, the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL), totaling over $650 billion, you may have applied for and received some small-business relief by [...]

After months of lockdowns that required many companies to cut back hours, pause production or close completely, restrictions are starting to lift, and small businesses are starting to slowly and cautiously open back up. But when they do, they’ll be opening their doors to a different world than when they had to close them. With an uneasy public, a struggling [...]

You may be wondering how your small business is going to survive the coronavirus. Maintaining your credit score is a good place to start. While a credit score can be a factor used by financing companies, it is not the only factor when determining whether or not to provide financing to your small business.  Credit scores are a simplified confidence [...]

Many small-business owners are understandably struggling right now. COVID-19 is causing many to have substantial business interruptions if not complete shutdowns. It’s a difficult situation, but there are options for small-business relief financing that may be available to you at both the federal and state level. Small Business COVID-19 Relief The U.S. government instituted a couple of programs through its [...]

Businesses of all shapes and sizes have been disrupted in a major way due to an unprecedented virus. Unfortunately, small businesses have been hit especially hard. Although some businesses have benefited from the recent small business coronavirus relief programs such as PPP loans and EIDLs, not all small businesses have been able to secure the benefits. If you’re a struggling [...]

Schools shuttered for the rest of the academic year. Governors instituting stay-at-home orders. A record-setting surge of people filing for unemployment. And, of course, small-business owners forced close down their restaurants, shops and beauty salons. These are all results of the COVID-19 pandemic. There is, though, a bit of COVID-19-related financial relief for those small-business owners in the form of [...]

The Paycheck Protection Program (PPP), a federal financial relief program that provides forgivable loans to small businesses to help them retain workers following the COVID-19 pandemic, has received additional funding and is up and running again. Small-business owners seeking coronavirus relief would do well to be aware of it, and the potential help that it can offer them in maintaining [...]

The U.S. Small Business Administration (SBA) was no longer accepting applications for its two biggest coronavirus disaster relief programs, the Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) until Congress signed another $484 billion stimulus bill last month, with $370 billion allocated for the PPP and $60 billion for the EIDL. But because so much has changed, [...]