Have questions about the alphabet soup of pandemic-related government relief programs in the CARES Act? There’s the EIDL, the EIDL grants, the PPP, the second- round PPP, and PPP forgiveness, and new SBA guidance about these programs is coming out all the time. Want to know about the Employee Retention […]
Finance
COVID-19 relief: Forgivable PPP loans again available for small businesses
Is your small business still struggling because of the COVID-19 pandemic? Chances are you are still feeling the pain. A new study launched by America’s SBDC and Thryv in November 2020, details how small businesses are still being negatively impacted by the pandemic. Among the key survey findings, the data revealed that 87% […]
The PPP is coming back – and so are EIDL grants: What to know now
Small businesses can start getting ready for the new round of Paycheck Protection Program loans. The PPP is returning, thanks to the recently passed coronavirus stimulus package by Congress, and it is available to businesses that already received a PPP loan. For struggling small businesses, a second round of loan […]
Miami Beach offers $20K small business grants, while deadlines loom for other COVID-19 grant and loan programs
While South Florida and the nation’s small businesses await news on a Congressional stimulus package that is expected to include PPP relief funds, cities and the county are either rushing to try to disperse CARES Act funding to small businesses before the end of the year, and at least one […]
Who were the biggest PPP lenders for South Florida companies? Here’s what the data tells us
As Congress continues to debate the Bipartisan Emergency COVID Relief Act of 2020 – what stays in and what doesn’t – the Paycheck Protection Program is widely expected to be part of it. The PPP, an SBA forgivable loan program through partnering lenders, will likely look a little different when […]
COVID relief: Rise Miami-Dade Fund extends deadline, relaxes requirements for loans up to $45K
The Rise Miami-Dade Fund still has money to lend to small businesses hurt by the pandemic. Just $7 million of the $25 million fund has been dispersed to about 400 businesses since the loan program was launched in June. In an effort to get more of it out to companies […]
Why 100% of venture capital can be explained in one 4-letter word
By Dileep Rao – Guest Contributor I know the word you are thinking of. But, actually, the word is ‘exit.’ Many have tried to explain venture capital (VC). For entrepreneurs, VC is hope in a check. They hope that VCs like their idea (hence the fascination with Shark Tank) and […]
COVID relief: Following Miami’s lead, Coral Gables also announces small business grant program
The City of Coral Gables has announced a grant program for small businesses hurt by the COVID-19 crisis. The new Small Business Recovery Grants Program is available to Coral Gables-based enterprises with up to 30 employees. The maximum grant award is $50,000. Coral Gables’ announcement follows one by the City […]
COVID relief: City of Miami opens $20K grant program for small businesses
The City of Miami announced a new rant program for small businesses hurt by the pandemic crisis. The city will start taking applications for the grants up to $20,000 on Friday, and will continue until the $5 million pool of federal CARES Act funds runs dry. The city’s Department of Housing […]
Med Aesthetics Miami turns to the Florida SBDC at FIU Business again
Nearly a decade after the Florida SBDC at FIU Business (FSBDC) helped her launch her own business, Rosanna Bermejo again turned to the small business development center. This time, she sought help for her business, Med Aesthetics Miami, in recovering from the economic impact of the COVID-19 pandemic. The skincare and wellness […]