The CARES Act has been a critical measure for small businesses as they have navigated the uncertain economic landscape stemming from COVID-19. The PPP and disaster relief loans provided by the government allowed businesses to remain staffed and operational as consumer...
Interest rates have been a lone bright spot this past year amidst the chaotic economic downturn stemming from the coronavirus. For small businesses, the government’s intervention to offset the effects of COVID through special programs has been essential to keep them...
Running a business is a cash intensive activity. To make money, you need funds available to pay your team, purchase raw goods, pay leasehold and other overhead expenses. Many businesses have the equipment, facilities and team members to fulfill any project that comes...
According to a small business credit survey published in 2020 by a group of Federal Reserve Banks, 66 percent of businesses faced financial challenges in 2019, but 57 percent did not apply for financing due to high interest rates, unfavorable repayment terms, loan...
As 2021 continues, the coronavirus continues as well. Even with the vaccine in play, the timeline to full vaccination for large swaths of the country is rolling out on an extended timeline over quarters rather than months. Even the most optimistic models predict that...
The coronavirus has really put a damper on the economy, making it harder for companies to operate. In an effort to boost those businesses, the government enacted the Payment Protection Program, or PPP. With the funds from PPP, many companies have been able to stay...
