By Dileep Rao – Guest Contributor Robert Johnson was on CNBC and like many others, wanted someone to offer more venture capital for minority venture development. With all due respect, he needs to be clearer on exactly what he means, who should be funding this, and what risks are they […]
Finance
COVID relief: SBA to distribute $5 billion in grants to hardest-hit small businesses
This just in: The SBA will begin distributing $5 billion in additional grants to small businesses hardest hit by the pandemic. The “Supplemental Targeted Advances” will go to 1 million eligible small businesses, which the SBA will begin contacting over the coming weeks. Even businesses that already received EIDL grants […]
COVID relief: New details about the Restaurant Revitalization Fund
Restaurants and bars are another step closer to getting financial help after experiencing devastating losses during the COVID-19 pandemic. The long-awaited opening of the Restaurant Revitalization Fund is now close finat hand. The U,S, Small Business Association has released some key details about the pandemic relief program for the restaurant […]
8 things to do after your PPP loan
By Gerri Detweiler – Guest Contributor You’ve gotten your PPP loan, spent it properly, and hopefully qualify for full forgiveness. Congratulations! What’s next? Here are six steps you can take now, after your PPP loan, to help ensure your business continues on the road to recovery. Get a Grip On […]
COVID relief: Shuttered Venue Operators Grant program opens. What you need to know
UPDATE: The SBA ran into technical difficulties and has paused the Shuttered Venue Operators Grant Program while it works with the vendor to reopen the program. The Small Business Administration i launched its $16.25 billion Shuttered Venue Operators Grant program today, but the application process will go in steps. The […]
More restaurant relief on way via the Restaurant Revitalization Fund
It’s no secret that restaurants were one of the hardest-hit industries during the COVID-19 pandemic. The newly passed American Rescue Plan Act aims to help restaurants, bars and related businesses with a new grant program called the Restaurant Revitalization Fund. The RRF will offer $28.6 billion in grants to hard-hit restaurants and […]
PPP program extended but funding may run out, plus the latest with the EIDL and Shuttered Venue grants
Thousands of small businesses struggling to stay afloat because of the pandemic are getting extra time to apply for forgivable, low-interest loans. The Senate voted overwhelmingly to extend the deadline of the Small Business Administration’s Paycheck Protection Program to May 31, and. President Joe Biden is expected to sign it […]
COVID relief: SBA issues new PPP guidance aimed at smallest businesses
U.S. Small Business Administration on Wednesday released new guidance on the changes to the Paycheck Protection Program. The changes to the popular program focus on reaching the hardest-hit businesses. Here’s what you need to know about the changes in the final month of the PPP application period unless the program gets […]
The case for business interruption insurance: Pros and cons
By Susan Guillory – Guest Contributor If your business had to close because of, for example, a fire or a hurricane, how long could you afford to cover ongoing expenses without incoming revenue? As a business owner, you want to protect your company against potential loss, so you invest in […]
Resources on growing your business through exports are plentiful
Small business owners, do you need more information to make better decisions about exporting? Of course you do, and a recent Webinar by Florida SBDC at FIU provided a wealth of good advice about how to do just that. Here are some of the resources available through Florida SBDC at […]