Tag: SBA

Disaster Preparedness, Economy, Finance

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 […]

Disaster Preparedness, Economy, Finance

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 […]

Disaster Preparedness, Economy, Finance

PPP program extended but funding may run out, plus the latest with the EIDL and Shuttered Venue grants

Thousands of small businesses struggling to stay afloat because of the pandemic are getting extra time to apply for forgivable, low-interest loans. The Senate voted overwhelmingly to extend the deadline of the Small Business Administration’s Paycheck Protection Program  to May 31, and. President Joe Biden is expected to sign it […]

Disaster Preparedness, Economy, Finance

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 […]

Finance

5 tips for securing a small business loan

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, […]