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 […]
Finance
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 […]
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: Florida small businesses can now apply for SBA Economic Injury Disaster Loans
Florida small businesses that suffer financial losses from the coronavirus pandemic may qualify for up to $2 million in relief from the U.S. Small Business Administration. The SBA announced on Wednesday that small businesses in all 67 counties of Florida adversely impacted by COVID-19 can now apply for disaster loans. For […]
Florida small businesses hurt by COVID-19 can apply now for interest-free bridge loans
Florida Gov. Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program. What that means: Small businesses that experienced economic injury from COVID-19 can apply for short-term interest free loans up to $50,000. The application period is open now and runs through May 8, 2020. “As we mitigate against […]
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 […]
12 ways to improve cash flow in 2020
By Jennifer Lobb / Guest Contributor A variety of metrics can determine the health of your business, but few are as indicative of success or failure as negative cash flow, or the net amount of cash that flows in and out of your business. A positive cash flow is essential for […]
6 tools to set your small business up for success in 2020
Editor’s note: New Year, New Start. Growbiz brings you a post about low-cost technology tools aimed at increasing productivity and organization for your small business. By Jennifer Lobb / Guest Contributor Multiple factors contribute to the overall success of a business, and while some of them are directly tied to […]
