Amid increasing challenges, small businesses impacted by the COVID-19 pandemic try to plan for an uncertain future. The Florida Small Business Development Center at FIU Business (FSBDC) has obtained nearly $21 million in assistance for businesses in Miami-Dade and Monroe counties as it works with them to redirect their strategy and […]
Tag: PPP
Applying for the PPP? Here’s some advice from the front lines
Roberto Castellon is a consultant at Florida SBDC at FIU who has been helping about 80+ small businesses hurt by the COVID-19 crisis apply for forgivable loans through the government’s Paycheck Protection Program over the past three weeks. That includes fielding the small business owners’ questions nonstop and learning about […]
Second chance at PPP funding likely to open Monday and it won’t last long
As the coronavirus crisis has continued to wallop small businesses, small business owners now have a second chance at getting a loan that could help them keep their companies afloat and pay their employees. After Congress approved it, President Trump signed into law a relief package today that includes a […]
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 […]