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Small business owners stuck in loan limbo as new government programs stumble

"Most Americans think this is all rolling out and checks are flowing based on what the White House is saying. But we're hanging on by a thread," one small business owner said......»»

Category: topSource: moneycentralApr 6th, 2020

Fear and desperation on Main Street as small businesses struggle to survive despite PPP and other federal loan programs

Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdfunding and deferring mortgage payments to stay afloat......»»

Category: topSource: moneycentralMay 11th, 2020

Small-business owners blast SBA over federal loan programs

City small-business owners are losing patience with the federal government, which promised $349 billion in pandemic-relief funds, but so far has delivered little. On Wednesday, the Small Business... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

He was approved for a Paycheck Protection Program loan. Here"s his advice to business owners who want one, too

Fabian Videla was one of the small-business owners to get approved for his $60,000 loan from the government, which should keep his employees paid for the next two months. Here's his advice to others trying to get one......»»

Category: topSource: moneycentralApr 25th, 2020

After a frenzied rush to file for small business loans, entrepreneurs nervously wait on bank approvals

As the government's $350 billion loan program gets underway, small business owners are anxiously awaiting notice from their lenders about loan approvals......»»

Category: topSource: moneycentralApr 6th, 2020

U.S. businesses swarm coronavirus bailout fund after days of confusion

Like many small business owners, New York City restaurateur Dan Kluger spent his Friday scrambling to apply for a loan under the U.S. government's $349 billion small business bailout fund, which officially launched in the morning......»»

Category: topSource: reutersApr 3rd, 2020

What Small Businesses Must Know About the SBA"s New Stimulus Loans

CARES Act expands select loan programs administered by the Small Business Administration. See if you qualify. Small-business owners will be able to get loans under the stimulus bill this w.....»»

Category: topSource: moneycentralApr 3rd, 2020

Newsom signs law clarifying PPP loan deductions for California taxes

California Gov. Gavin Newsom signed legislation Thursday that allows most California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven to deduct expenses they paid with those loans......»»

Category: topSource: bizjournalsApr 29th, 2021

Newsom signs law clarifying PPP loan deductions for California taxes

The legislation allows most California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven to deduct expenses they paid with those loans......»»

Category: topSource: bizjournalsApr 29th, 2021

How to get a small-business loan under the Biden administration’s new PPP rules

The Small Business Administration has started offering loans for its next round of PPP funding. Here's what small-business owners should expect in the next round of funding......»»

Category: topSource: washpostFeb 22nd, 2021

NerdWallet: PPP loan forgiveness for small businesses: What’s eligible, when and how to apply

Here's a guide to help business owners better understand the daunting process of applying for PPP loan forgiveness......»»

Category: topSource: marketwatchFeb 1st, 2021

How to get a small-business loan from the new $284 billion PPP program

The Small Business Administration has started offering loans for its next round of PPP funding. Here's what small-business owners should expect in the next round of funding......»»

Category: topSource: washpostJan 15th, 2021

How to get a small business loan from the new $284 billion PPP program

The Small Business Administration plans to start offering PPP loans for its next round of PPP funding on Monday, Jan. 11. Here's what small business owners should expect in the next round of funding......»»

Category: topSource: washpostJan 8th, 2021

SBA to make borrower payments on six months of new loans

As part of the recently passed federal stimulus package, the Small Business Administration will make borrowers' first six payments for new SBA 504 real estate loans and its popular SBA 7(a) loan programs......»»

Category: topSource: bizjournalsJan 8th, 2021

PPP Round 2: Loan qualifications and what businesses need to know about double dipping

Small business owners intent on applying for a second loan in upcoming $284B round need to prepare......»»

Category: topSource: bizjournalsJan 5th, 2021

Small-business owners: Were you rejected for a PPP loan earlier this year?

We'd like to understand how small-business owners are faring during the pandemic. We'd like to understand how small-business owners are faring during the pandemic......»»

Category: topSource: latimesDec 23rd, 2020

Aspen Institute think tank receives $8 million federal small-business loan

Aspen’s decision to accept the money has created a division among the organization’s many fellows and moderators who run its programs......»»

Category: topSource: washpostMay 13th, 2020

Small business used to define America’s economy. The pandemic could change that forever.

Tearful, heartfelt announcements about small business closures are popping up on websites and Facebook pages around the country. Some struggling small business owners say government aid is poorly designed to help them......»»

Category: topSource: washpostMay 12th, 2020

Confused by changing loan regulations? Here"s what experts say every biz owner should know right now

Any small business owner these days will be forgiven for confusion not only about what resources are available at various governmental strata but also what the dos and don'ts are in the fine print for each of those levels and programs. Not helping matt.....»»

Category: topSource: bizjournalsMay 10th, 2020

Outside the Box: How I finally got a PPP small-business loan without losing my mind

After enduring weeks of snafus and red tape, my small press-relations firm was approved by the federal government......»»

Category: topSource: marketwatchMay 7th, 2020

Time to Fix What’s Broken: Senate Leaders Seek Oversight of PPP Loans

WASHINGTON, D.C. – Since the launch of the Paycheck Protection Program (PPP), small business owners have been left behind by their banks and the government... The post Time to Fix What̵.....»»

Category: blogSource: valuewalkMay 5th, 2020