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Small businesses are seeking emergency loans in massive numbers. overwhelming the system.
Updated at 3:45 p.m. ET · The $349 billion Paycheck Protection Program to boost small businesses during the coronavirus economic crisis has run out of money. "The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding," a Small Business Administration spokesperson said in an emailed statement Thursday. "Similarly, we are unable to enroll new PPP lenders at this time." · An online portal for lenders had an identical mes...
guaranteed loans to small businesses. Importantly, these PPP loans may be forgiven if... CHAMBER OF COMMERCE CORONAVIRUS EMERGENCY L ANS Small Business Guide and Checklist Leer en Español...
Florida Small Business Emergency Bridge Loan Program ; The Florida Small Business Emergency Bridge Loan program provides short-term, zero-interest working capital loans that are intended to “bridge the gap” between the time a disaster impacts a business and when a business has secured longer term recovery funding such as federally or commercially available loans, insurance claims or other resources. Loans made under this program are short-term, personal loans using State of Florida funds –...
To remain resilient, small businesses should have and actively contribute to a business emergency fund. Here's why your business needs an emergency fund.
Small business loans from the Economic Injury Disaster Loan program are plagued by delays and inadequate funding, leaving many ailing entrepreneurs short-handed.
There are millions of small and mid-sized businesses in the U.S. with 500 employees or less. If the SBA has $50 billion and makes $1 million emergency loans, it could help 50,000 firms.
Some entrepreneurs hurt by the coronavirus shutdown say they’re facing delays tapping emergency loans from the Small Business Administration, even as the White House calls for billions more in fund...
How long does it take for a small business to get an emergency loan under the coronavirus relief package? USA TODAY answers these and other questions.