Category: Covid-19

Alternatives to PPP loans—if you weren’t eligible

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business

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Small Business Strikes Back: The Numbers Behind The Next 1000

In 2020, American venture capitalists invested an unprecedented $156 billion dollars into 12,254 startups, setting records in biotech, pharma and fintech. There were a record 454 initial offerings in the U.S. markets, generating over $167 billion. But pull out a map, and you’ll see a country full of small-scale entrepreneurs who don’t have access to

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SBA Hits $200 Billion Milestone in EIDL Program for COVID Relief

At $200 billion, the COVID-19 Economic Injury Disaster Loan (EIDL) program has reached a noteworthy milestone. According to the Small Business Administration (SBA), to date, the EIDL program has provided U.S. small businesses, non-profits, and agricultural businesses this impressive sum. And the SBA says it is not done giving out the loans. To that end,

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More than 2 in 5 Americans Prefer DIY Service Calls, Even After Pandemic

Customers remain uncomfortable about letting technical support technicians into their home. Consequently, they would prefer to use more DIY options for the likes of tech repair and setting up equipment. This was the finding of research carried out by TechSee, an AI-driven visual tech assistance company. The study analyzed customer interaction with in-home technicians during

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Small business rescue slowed by fight against fraud, drawing protests

Tens of thousands of small businesses have faced delays in receiving emergency payroll support loans that Congress authorized in December, sparking an uproar that has forced the agency responsible for distributing the funds to quickly find a solution. The Small Business Administration, which acknowledges the delays were caused by efforts to ratchet up anti-fraud measures

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Where to Look If Your Small Business Can’t Get a PPP Loan

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business

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9 million U.S. small businesses fear they won’t survive pandemic

Three out of every 10 small businesses in the U.S. say they likely won’t survive 2021 without additional government assistance during the coronavirus pandemic, a survey from the Federal Reserve Bank shows. Considering there are roughly 30 million small businesses in the U.S., that means 9 million small firms are at risk of closing for

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The Pandemic Struggles of Home-Based Small Businesses

Throughout the course of the pandemic, many of us have heard about small businesses struggling to adapt to state and county health regulations When we think of small businesses, many of us generally think of private, family-owned businesses or sole proprietorships, but there are plenty of other businesses that may have been forgotten. There are

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PPP Loans Covered Less Than a Month of U.S. Small Firm Expenses

As a fresh round of federal relief loans is getting distributed to U.S. small firms hit by a pandemic crisis that will soon stretch to a year, new research shows that last year’s tranches of the Paycheck Protection Program covered less than a month of business expenses. PPP loans provided in the March 2020 Cares

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