Small business owners nationwide are feeling a bit better about the economy. In fact, a growing number expect the economic fallout brought on by COVID-19 to be “short-lived,” the National Federation of Independent Business reported this week. The NFIB’s optimism index jumped 3.5 points in May to 94.4, a “strong […]
Economy
7 ways the Paycheck Protection Program Flexibility Act can help your business
By Gerri Detweiler, Guest Contributor Update 6/5/2020: President Trump signed the Paycheck Protection Program Flexibility Act into law. The legislation gives small business owners more flexibility in how they can use PPP funds and may make it easier to qualify for forgiveness. The President has signed the Paycheck Protection Program […]
PPP loan forgiveness just got easier: Congress approves key rule changes
Small business owners that received forgivable PPP loans can breathe a sigh of relief. Congress has cleared a bill making needed changes to the federal Paycheck Protection Program, which was designed to keep small businesses afloat during the height of the coronavirus pandemic. The bill is expected to be signed […]
COVID-19 relief: Pitbull-backed program offers emergency grants to Latino small businesses
During these challenging times, Growbiz aims to bring you not only advice on growing your business but also resources and tips on surviving the economic fallout of COVID-19. We know that for many, survival is job one right now. Here is a new resource for Latino small businesses. In an […]
Some good news: SBDC at FIU helps small businesses obtain nearly $21 million in relief
Amid increasing challenges, small businesses impacted by the COVID-19 pandemic try to plan for an uncertain future. The Florida Small Business Development Center at FIU Business (FSBDC) has obtained nearly $21 million in assistance for businesses in Miami-Dade and Monroe counties as it works with them to redirect their strategy and […]
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 – […]
New surveys paint a bleak picture for small businesses amid COVID-19
Most U.S. small businesses expect to be out of business within 6 months. That’s from new research released today by SHRM (Society for Human Resource Management) warning that the state of small business could go from bad to worse. The survey examines the impact of COVID-19 and identifies significant, widespread […]
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 […]