Helping Businesses Grow & Succeed
Small business owners who received a PPP loan of less than $2 million won’t likely face a federal audit. That’s according to new guidance released this week by the Small Business Administration and the US Treasury. The Paycheck Protection Program, a forgivable loan program, allows small businesses hurt by the […]
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 […]
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 […]
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 […]
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 […]
A restaurant owner converts to takeout but let go of most of his staff. An event planning company suddenly has no work for the next six months, and neither do the caterers she hires. A small manufacturer can’t find key parts needed to fill even its pending orders. The coronavirus […]
UPDATE: Florida Governor Rob DeSantis activates emergency bridge loan program to get interest free short-term loans to small businesses impacted by COVID-19. Read more here. The U.S. Small Business Administration announced today that it will provide small businesses impacted by the novel coronavirus, COVID-19, up to $2 million in […]
Florida small businesses escaped the physical wrath of Hurricane Dorian, but that doesn’t mean there weren’t economic hits because companies needed to prepare for the storm and close up shop. The U.S. Small Business Administration announced that businesses negatively impacted economically by Dorian between Aug. 28 and Sept. 9 are […]
If you are a small business that has determined federal contracting may be right for you and you have identified some potential contracts to pursue, you need put your best foot forward to get in the door. By now we hope you have read our two previous posts about […]
While small businesses may have been spooked by the recent government shutdown, you should know that the federal government is the largest buyer in the U.S., spending billions of dollars annually on products and services in construction, R&D, manufacturing, logistics, IT and other industries. Federal agencies also have prime […]