It’s official – the next generation of small and medium-sized businesses is here, and they are on the rise. Riding on the back of the 2020 work-from-home revolution, digital acceleration, and the great resignation, we saw a new type of founder (and a new type of SMB) rise from the […]
Tag: COVID
COVID relief: Time is ticking away for EIDL but we have some other options
Small business owners only have until Dec. 31 to apply for the Small Business Administration’s Economic Injury Disaster Loan and the $10,000 Targeted EIDL Advance cash grant. Applications up until that deadline will continue to be processed until the agency’s money runs out, according to the SBA. While these SBA […]
COVID relief: There is still time to apply for an EIDL
The COVID Economic Injury Disaster Loan (EIDL) and EIDL Advance programs are coming to an end. Here is what small businesses need to know. The programs still have billions of dollars available to help small businesses hard hit by the pandemic, the US Small Business Administration says. More than 3.8 million […]
COVID relief: EIDL loans can now be up to $2 million. Here’s the lowdown
The Small Business Administration has raised the cap on COVID-19 related loans from $500,000 to $2 million, to help small businesses recover from the COVID-19 pandemic. The agency is set to begin approving loans with the higher caps Oct. 8. EIDL applications will close Dec. 31, 2021, unless the program’s […]
COVID relief grant program for micro-businesses extended, expanded
A Coral Gables-based bank and local nonprofit have renewed their micro-grant program supporting micro-businesses. Amerant Bank recently announced it’d be continuing the initiative it began with Branches, a community empowerment org, amid the pandemic last year. The partnership’s micro-grant program sought to provide funds to mom-and-pop operations who were hit hard by […]
COVID relief: Targeted EIDL Advance grant program now open to all eligible businesses
The Small Business Administration wants all eligible small businesses to apply for its Economic Injury Disaster Loans and its Targeted EIDL Advance grant program — and it is trying to get the word out. In recent months, the SBA had been inviting small businesses who had previously been shortchanged by […]
COVID relief: SBA opens portal for Restaurant Revitalization Fund applications
The Small Business Administration kicked off its Restaurant Revitalization Fund grant program this week. On day one, Monday, it delivered more than $2 billion in grants to more than 16,000 applicants. The SBA said approved grant recipients could see the money in their accounts are early as the next day. […]
PPP exhausts its funding, except through CDFIs
The U.S. Small Business Administration announced today that the Paycheck Protection Program (PPP) has exhausted core funding after a year in operation and serving more than 8 million businesses. The SBA will continue funding outstanding approved PPP applications but new qualifying applications will only be funded through Community Development Financial Institutions (CDFIs) […]
COVID relief: New low-interest loan program available
COVID relief: New low-interest loan program available Here is another resource for small businesses on the road to pandemic recovery. Small businesses and nonprofits with fewer than 50 empoyees in Florida can apply to the recently launched Southern Opportunity and Resilience Fund for the lesser of $100,000 or 100% of […]
COVID resources: Free 5-hour digital marketing course available for small businesses
BizHack Academy and the Village of Pinecrest have joined forces to offer any business impacted by COVID-19 a 5-week crash course in digital marketing – at no cost to the small business. This training is funded through the federal CARES Act. This five-hour course will cover how to use digital marketing to drive revenue and increase brand awareness. Each week, it will […]