One of the most enticing features of the Paycheck Protection Program (PPP) loan is the thought of not having to pay it back. A small business with a PPP loan has just eight weeks to use it for qualifying expenses such as payroll, rent, mortgage interest and utilities. However, as small-business owners found out, the…
PPP Loan Forgiveness – How You May Not Have To Pay It Back Read More
New York Governor, Andrew Cuomo’s “PAUSE” order expires this Friday – making way for the state to begin a soft” re-opening, limited to 3 regions only. The (3) three regions in NYS include The Mohawk Valley, Finger Lakes, and Southern Tier. Each has so far, met the criteria made up of 7 metrics required to
Most of NYC on “Pause” As 3 Regions Set to Re-Open Read More
How did the historic $669 billion Paycheck Protection Program (PPP), intended to be a lifeline for small business owners during the COVID-19 pandemic, go from being salvation to the opposite? WHAT HAPPENED? At the center of the program are Secretary Steven Mnuchin and other politicians and pundits who (in their haste) did not anticipate or
Why Some Small Biz Owners Say “No Thanks” to PPP Read More
Like many places around the nation, the workplace office looks empty. With many employees furloughed or working from home, what will the office of the future look like post-COVID-19? The risk of opening too soon gives rise to worries of another spike in new coronavirus cases. Before people get back to work, companies will need
How COVID-19 Will Change The Workplace You Once Knew Read More
Starting in the early morning of May 6, between 1 a.m. and 5 a.m., the MTA will close the public transportation system for the first time in its 115-year-history. Gov. Cuomo ordered the MTA to shut down and disinfect all city trains in order to limit the spread of the coronavirus. “It is a massive
First-Ever Overnight NYC Subway Shutdown Starts Read More
The Department of Homeland Security (DHS) has issued a temporary policy change regarding items listed within List B of Form 1-9. The change is due to stay-at-home orders in effect due to the coronavirus that is causing difficulty for those in need to renew their state driver’s license, a state ID card, or other Form
Renewing Your Driver’s License This Year Just Got Easier Read More
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
Ways Small Biz Can Rebuild Post COVID-19 Read More
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
Should You Accept Any Job Offer? Read More
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
Small Business Info Exposed in SBA Data Breach Read More
