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 […]
Economy
Florida SBDC at FIU helps local small businesses obtain nearly $4.5 million in bridge loans
This FIU BizNews report was republished here with permission. This report has been updated. The coronavirus has delivered a serious blow to small businesses throughout South Florida, and many are afraid of what the future holds. Amidst this crisis, the Florida SBDC at FIU Business (FSBDC), the small business development center at […]
How to market during the COVID-19 crisis, and the recession it brings
Amid unprecedented fear, anxiety and uncertainty, small businesses may think it’s time to pause their marketing. Not so fast. Marketing and branding experts say this is the time to strategically continue investing in marketing, yet the messaging needs to shift for the coronavirus recession we are entering. “Marketing is about […]
Ready or not, ‘PPP’ small business loan program starts Friday
Bankers are preparing for a deluge of applications as the COVID-19 stimulus package’s Paycheck Protection Program loans for small businesses rolls out starting Friday. Don’t expect all bankers to be ready, however. Lenders have been sounding the alarm that they haven’t had time to properly prepare for the deluge and […]
Advice on navigating a COVID-19 downturn isn’t one-size-fits-all, so we offer all sizes
If you have been a regular GrowBiz reader – and we hope you are – by now you are fully versed on the small business loans and grants available from the federal and state government. You also know about other sources as small businesses fight back against the coronavirus assault. […]
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 […]
COVID-19: Practical actions small business owners can take now
A restaurant owner converts to takeout but let go of most of his staff. An event planning company suddenly has no work for the next six months, and neither do the caterers she hires. A small manufacturer can’t find key parts needed to fill even its pending orders. The coronavirus […]
For small businesses walloped by coronavirus crisis, SBA announces loan program and state wants to hear from you
UPDATE: Florida Governor Rob DeSantis activates emergency bridge loan program to get interest free short-term loans to small businesses impacted by COVID-19. Read more here. The U.S. Small Business Administration announced today that it will provide small businesses impacted by the novel coronavirus, COVID-19, up to $2 million in […]
As Coronavirus spreads, small businesses should prepare for its impact. Some are already feeling it.
A small business that plans conferences for corporations and organizations is feeling the pain. Three conferences were cancelled just last week. So is a small business retailer who just found out she can’t get any more of her most popular item, a signature baby blanket, for the foreseeable future because […]