Helping Businesses Grow & Succeed
Small businesses eager to have their SBA Paycheck Protection Program loans forgiven could begin receiving forgiveness decisions in the coming weeks. That may ease the fears small businesses worried that they may be on the hook for the money when they are barely holding on through this coronavirus crisis. But […]
The java tastes unique and delicious in a shop that delivers an uplifting and welcoming experience. And all the while, the proprietors are successfully facing down the challenges of the pandemic economy. Gail Hamilton Azodo and her husband Uchendu Azodo opened SIPS, a coffee roasting company and eatery, in July 2019 […]
Michael Sellinger of Miami Bayside Foundation recalls the early days of the COVID-19 crisis checking in on small business clients and offering MBF’s help. Bayside is a nonprofit organization that mentors, holds training programs, and facilitates loans for small businesses in Miami’s underserved communities. His message: “There is nothing you can […]
Not a headline you want to see: Miami metro area in top 10 in U.S. for business closures. But here we are. In Yelp’s most recent economic impact report for September, which focuses on business closures caused by Covid-19 from March 1 through August, the Miami-Fort Lauderdale metro region had […]
At a time when small businesses across the country are struggling to stay afloat, some business owners are investing in business growth by expanding their facilities or buying equipment. In fact, a record number may be, according to some very recent loan data. With SBA 504 loans, businesses are able […]
Miami-Dade small businesses will receive more CARES Act assistance from the county. The County Commission will be allocating an additional $5 million in Covid-19 relief funds for micro-businesses in unincorporated areas of Miami-Dade County. Miami-Dade established the RISE Miami-Dade Fund, its revolving loan program, in June with a $25 million […]
With the growing realization that the COVID-19 impacts will continue to ripple through the economy well into the future, researchers at Florida International University’s Metropolitan Center dove into the need for economic development planning for a post-Covid environment. The challenge: “Making our core industries less vulnerable to economic shocks while […]
Small businesses are breaking up – with their banks In South Florida as well as around the nation, small business owners applying for the Paycheck Protection Program often struck out with big lenders like BofA or Wells-Fargo – even when they had been loyal customers. They had better luck with […]
GrowBiz aims to keep you up to date on opportunities and resources for South Florida small businesses navigating the economic impact of COVID-19. Here are a couple for the food/beverage and hospitality industry. FREE 6-WEEK INCUBATOR OFFERS TRAINING FOR FOOD BUSINESS SUCCESS Do you operate a food-based business in South […]
“This is the worst small-business crisis of my lifetime, and I’ve seen a number of tough moments,” said Karen G. Mills, who led the U.S. Small Business Administration from 2009 to 2013. “I’m quite concerned that we haven’t even seen the tip of the iceberg of business closures.” In the […]