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 […]
Tag: SBA
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 […]
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 […]
Resources on growing your business through exports are plentiful
Small business owners, do you need more information to make better decisions about exporting? Of course you do, and a recent Webinar by Florida SBDC at FIU provided a wealth of good advice about how to do just that. Here are some of the resources available through Florida SBDC at […]
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 […]
Here’s some reasons why SBA 504 loans had a record-shattering month
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 […]
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, […]
Government contracting: How to write a winning proposal
Ready to write your proposal for a government contracting opportunity? Florida SBDC at FIU assembled a group of experts to share some advice for small businesses – and war stories – about bidding for and winning government contracts, whether it is for local, state or federal work. Earlier this week, […]
COVID-19 relief: PPP is currently unavailable but other options remain
The Paycheck Protection Program – a lifeline for small businesses – stopped taking applications on Aug. 8, and Congress is still fighting over the next stimulus bill as well as where remaining funds in the PPP program will be spent. The forgivable PPP loans were responsible for a “majority” of […]
Need a PPP but didn’t apply? You now have until Aug. 8
Update: President Trump signed the PPP extension into law on July 4. If you haven’t applied for a PPP loan yet, you have more time to do so. With $130 billion still available, Congress passed a bill extending the deadline to apply for forgivable small business loans. These loans aim […]