Helping Businesses Grow & Succeed
Michael Sellinger of Miami Bayside Foundation recalls the early days of the COVID-19 crisis checking in on small business clients and offering MBF’s help. Bayside is a nonprofit organization that mentors, holds training programs, and facilitates loans for small businesses in Miami’s underserved communities. His message: “There is nothing you can […]
By Andrew Latham, Guest Contributor / Nav Life insurance is not just for people. Many companies benefit from buying life insurance for key employees as part of their business continuation and succession planning. Seven out of 10 small businesses surveyed by the National Association of Insurance Commissioners said they were […]
At a time when small businesses across the country are struggling to stay afloat, some business owners are investing in business growth by expanding their facilities or buying equipment. In fact, a record number may be, according to some very recent loan data. With SBA 504 loans, businesses are able […]
Miami-Dade small businesses will receive more CARES Act assistance from the county. The County Commission will be allocating an additional $5 million in Covid-19 relief funds for micro-businesses in unincorporated areas of Miami-Dade County. Miami-Dade established the RISE Miami-Dade Fund, its revolving loan program, in June with a $25 million […]
Small businesses are breaking up – with their banks In South Florida as well as around the nation, small business owners applying for the Paycheck Protection Program often struck out with big lenders like BofA or Wells-Fargo – even when they had been loyal customers. They had better luck with […]
GrowBiz aims to keep you up to date on opportunities and resources for South Florida small businesses navigating the economic impact of COVID-19. Here are a couple for the food/beverage and hospitality industry. FREE 6-WEEK INCUBATOR OFFERS TRAINING FOR FOOD BUSINESS SUCCESS Do you operate a food-based business in South […]
The Federal Reserve launched the Main Street Lending Program several months ago and recently extended the program to Dec. 31. The MSLP, part of the coronavirus relief law known as the CARES Act, offers five-year loans of $250,000 to $300 million. The loan program is aimed at larger small businesses […]
By Gerri Detweiler – Guest Contributor When it comes to small business lending, SBA loans are hot. In fact, in fiscal year 2019, the U.S. Small Business Administration guaranteed over $28 billion to entrepreneurs that otherwise would not have had access to capital to start, grow, or expand their small businesses. Business loan approval, […]
This week, Michael McCann will be throwing open the doors of his popular Vacillate Wine and Beer Bar and welcoming customers in, adhering to the county’s list of Covid-19 guidelines as well as his own high safety standards. “We are so happy to be opening up,” said McCann, as he […]
This month on Growbiz, we have been looking at smart strategies for generating and managing your cash flow during this crisis. As we have pointed out, to effectively manage cash flow, you need to go line by line and dig deep in all the areas of the business – sales, […]