Miami-Dade County is joining cities in South Florida offering forgivable loans to small businesses hurt by the economic fallout of the COVID-19 pandemic. Called the Small Business Forgivable Loan Program, the county is offering $5 million worth of forgivable loans for small businesses employing low-wage workers. County commissioners approved the […]
Disaster Preparedness
Did you get a PPP loan? Here’s some news to note from the SBA
Small business owners who received a PPP loan of less than $2 million won’t likely face a federal audit. That’s according to new guidance released this week by the Small Business Administration and the US Treasury. The Paycheck Protection Program, a forgivable loan program, allows small businesses hurt by the […]
Preparing to reopen your small business during COVID-19? Heed these tips
Businesses in most parts of Florida – excluding Miami-Dade, Broward and Palm Beach at the moment because of the high numbers of COVID-19 cases – are already beginning to reopen, per an executive order signed by Gov. Ron DeSantis. That doesn’t mean, of course, that you must reopen now – […]
Applications open Monday for City of Miami’s COVID-19 small business loan program
The City of Miami is launching two new small business assistance programs to provide relief to City businesses affected by the COVID-19 economic downturn: the Business Continuity Micro-enterprise Assistance Program and the Small Business Emergency Loan Assistance Program. The application period for both programs begins Monday, May 4th and is open only to […]
COVID-19: Updated resources for small businesses
Florida SBDC at FIU has been closely following developments with the Coronavirus (COVID-19) and from time to time has been updating a list of resources for small businesses. We bring them to you: SBA Disaster Assistance Due to the hardships that so many of our country’s small businesses are suffering, […]
Applying for the PPP? Here’s some advice from the front lines
Roberto Castellon is a consultant at Florida SBDC at FIU who has been helping about 80+ small businesses hurt by the COVID-19 crisis apply for forgivable loans through the government’s Paycheck Protection Program over the past three weeks. That includes fielding the small business owners’ questions nonstop and learning about […]
Second chance at PPP funding likely to open Monday and it won’t last long
As the coronavirus crisis has continued to wallop small businesses, small business owners now have a second chance at getting a loan that could help them keep their companies afloat and pay their employees. After Congress approved it, President Trump signed into law a relief package today that includes a […]
COVID-19: Resources to help your small business now
Like you, the team at Florida SBDC at FIU, the small business development center within the university’s College of Business, has been following developments with the Coronavirus (COVID-19). Here is some updated information the organization is sharing on COVID-19-related resources. We’ll start with some important updates on SBA financial assistance […]
COVID-19: More federal assistance for small businesses just became law
UPDATE: Since this was published, the SBA released its guidelines March 31 several aspects of the loans have changed. I updated the story and you can find the latest advisory from the SBA and Treasury here. To battle COVID-19’s unprecedented assault on public health and the economy, more federal […]
COVID-19: Updated resources for small businesses
Like you, Florida SBDC at FIU has been following developments with the Coronavirus (COVID-19). As a services to small businesses, below please find updated information on COVID-19-related resources and please share with other small businesses. SBA Disaster Assistance The U.S. Small Business Administration (SBA) is now providing up to $2 […]