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 […]
Finance
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 […]
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 […]
Miami-Dade Beacon Council and County launch COVID-19 resource sites for businesses
The Miami-Dade Beacon Council, the county’s official public-private economic development partnership, is working closely with Miami-Dade County and other community partners to alleviate economic stress on the community as a result of the COVID-19 crisis. Two resource sites, have been launched and will be updated continuously: BizHelp.Miami is a one-stop online portal that […]
Navigating the COVID-19 crisis: A small business story
Pilar Guzman Zavala was still beaming with energy and excitement having just returned from an airport conference in Denver in early March. Her small business, Half Moon Empanadas, was preparing to expand nationally, and the interest at the large tradeshow was “amazing.” But what seemed like overnight, she and her […]
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 […]
More community help for small businesses hurt by COVID-19
While Congress works on adding another $250 billion to its $349 billion small business loan program, which could happen as early as this week, local resources for small businesses are growing. NEW WEBSITE WITH HELP FOR BUSINESSES A new website, Axis South Florida (AxisHelps.org), has brought together a list of […]
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 […]