You have to admit that your heart jumped when you finally got confirmation that you received a Payroll Protection Program (PPP) loan from the SBA. This meant that your business had an increased chance of making it through the corona economy. But how do you maximize the Payroll Protection Plan loan forgiveness so it does […]
The roll out of the Paycheck Protection Program Loan (PPP) through banks has been a disaster. Millions of small business owners have been left out of securing this vital lifeline during a time when their business is threatened with extinction. At banks, they have been met with confusing processes, failed submissions and an overwhelmed poorly […]
As millions of businesses start to receive their Paycheck Protection Program payments (PPP) from the SBA, owners need to ensure that they spend the money in the correct way so this loan can be forgiven. Since your company received 2.5 times your monthly payroll, this loan needs to be spent in the 8 weeks […]
The Federal Stimulus Package (CARES Act) allocated $350 billion to help small businesses keep workers employed amid the coronavirus pandemic and coming recession. This “Paycheck Protection Program” provides 100% federally guaranteed loans to small businesses. You need to apply through any existing SBA 7(a) bank lender. Some banks are setting up their own portals to […]
The economy is hemorrhaging as much of the world’s economy is closed. As a result, small businesses need loans and capital right now. Not a tax credit but cash in their banks immediately. It appears that a few businesses are stepping up as part of their new marketing campaign offering a $1,000 to any company.
When […]
This article is contributed by Michael Adams
If you haven’t already needed some type of loan, the day will come when financing is the only practical way to arrange your affairs and take care of a pressing matter. Keep in mind that personal loans can be used for all sorts of events. Here are four examples […]