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 […]
Tag: SBA
To help more small businesses, FIU receives $2.5 million SBA grant
Florida International University has received a $2.5 million grant from the U.S. Small Business Administration’s Community Navigator Pilot Program. The funds are earmarked for improving underserved entrepreneurs’ access to government programs that provide assistance in launching a new venture, growing a business or managing unexpected business interruptions. The Miami-Dade Small […]
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: Deadline for Shuttered Venue Operations Grant (SVOG) is Aug. 20
Here is an Aug. 11, 2021 press release with information about the Shuttered Venue Operations Grant program offered by the SBA. The deadline looms: Aug. 20. Today, the U.S. Small Business Administration is announcing a call to all eligible Shuttered Venue Operators Grant (SVOG) applicants seeking economic aid for live entertainment small […]
In wake of Surfside tragedy, disaster loans available to impacted businesses
The Florida Department of Economic Opportunity announced that financial assistance is now available to small businesses and nonprofits in declared disaster areas after the tragic collapse of the oceanfront condo building in Surfside.. The funds are available through the U.S. Small Business Administration in the form of low-interest Business Physical […]
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 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 […]
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 […]