According to the National Federation of Independent Business (NFIB), over 90% of small businesses have been negatively affected by the coronavirus outbreak. So, how does small business rebuild and come back from such a hit. Well, the short answer is, “slowly”. Of course, this will be dictated by industry. But now, is a good time for …
The COVID-19 pandemic has made it increasingly more difficult for those recently laid off to find work. The uncertainty of the job market makes one wonder if he or she should simply accept any job offer they come across. Well, the decision to accept a new job offer completely depends on your specific situation. If …
The Paycheck Protection Program, (PPP) intended to keep employees on the payroll, has, in some cases, resulted in workers asking to be laid off. That’s ironic, because the coronavirus relief bill was supposed to prevent layoffs. However, the bill passed by Congress last month, temporarily increased unemployment compensation to $600 per week. Due to the …
The Small Business Administration (SBA) issued new guidelines today, making it less likely for the larger companies to access the next round of funding for the small business relief program. The SBA also increased pressure for public companies to give back any money they received. This comes after public outcry of unfair practices that saw …
Large Companies Access $365M in Loans Intended for Small Business Read More
A data breach at the agency tasked to provide financial assistance to small businesses during the COVID-19 pandemic has exposed sensitive data of approximately 8,000 small businesses. As a result, a delay in payouts is expected. The Small Business Administration (SBA), which oversees the Economic Injury Disaster Loan (EIDL) program, has notified applicants of the potential …
The White House and Congress have reached a deal for additional funding to replenish the exhausted small business loan program. Since the program launched, small businesses have feverishly applied for the SBA and Paycheck Protection Program (PPP) loans. The details of the package are forthcoming. However, it’s anticipated to include up to $310 billion for …
Still, waiting on your IRS stimulus check? Well, if you’re getting a payment status “Not Available” error, we have the answer! The task of sending out checks to so many millions of people is a herculean task. One that comes with an unimaginable amount of paperwork! So processing all that data takes and hiccups are …
Getting a Payment Status “Not Available Error” Message? Read More
The $349 billion in funding set aside for small businesses as part of the Paycheck Protection Program (PPP) has been exhausted. That’s according to the Small Business Administration (SBA). Furthermore, they are not accepting any more applications for PPP loan program. Loan applications received by banks that haven’t been sent to the SBA will not …
Funding for Paycheck Protection Program is Exhausted Read More
The first round of IRS stimulus checks is set to arrive this week. However, millions of Americans who are still waiting can follow these steps to get their checks sooner. Checks, totaling $1,200 for qualifying individuals, with banking data on file with the IRS will be among the 80 million who will get checks first. …
If you ask Dr. Anthony Fauci, the government’s top infectious disease expert, he’ll tell you that until the U.S. implements critical testing and tracing procedures. we cannot get fully back to business. “We have to have something in place that is efficient and that we can rely on, and we’re not there yet”. With approximately …
