Helping Businesses Grow & Succeed
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 […]
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 […]
The Federal Reserve launched the Main Street Lending Program several months ago and recently extended the program to Dec. 31. The MSLP, part of the coronavirus relief law known as the CARES Act, offers five-year loans of $250,000 to $300 million. The loan program is aimed at larger small businesses […]
This week, Michael McCann will be throwing open the doors of his popular Vacillate Wine and Beer Bar and welcoming customers in, adhering to the county’s list of Covid-19 guidelines as well as his own high safety standards. “We are so happy to be opening up,” said McCann, as he […]
More than one in five small business owners – 21% – say they will have to close permanently if economic conditions do not improve within six months, according to a survey conducted by the National Federation of Independent Business this month to assess the financial health of small businesses. About […]
This month on Growbiz, we have been looking at smart strategies for generating and managing your cash flow during this crisis. As we have pointed out, to effectively manage cash flow, you need to go line by line and dig deep in all the areas of the business – sales, […]
The Paycheck Protection Program – a lifeline for small businesses – stopped taking applications on Aug. 8, and Congress is still fighting over the next stimulus bill as well as where remaining funds in the PPP program will be spent. The forgivable PPP loans were responsible for a “majority” of […]
Today, the U.S. Small Business Administration issued new guidance through Frequently Asked Questions aimed at helping small businesses with forgivable loans through the Paycheck Protection Program (PPP) and their lenders navigate the rules around maximum loan forgiveness. The new PPP FAQs come as the Aug. 8 deadline to apply for a […]
While South Florida may hopefully be spared from the worst of Hurricane Isaias if current projections hold, it’s a good reminder about the importance of disaster planning. And remember, disaster planning is to prepare your business for any kind of disaster, including pandemics. In addition to fighting COVID-19 wrath on […]