Your questions on the lockdown and U.S. small business, answered

FILE PHOTO: A closed sign is shown on the window of a beach sports store during the outbreak of the coronavirus disease in Encinitas, California, U.S., April 9, 2020. REUTERS/Mike Blake/File Photo

“The Small Business Association ’s Paycheck Protection Program loan program can provide loans that are forgiven if used to maintain employees’ jobs. There are also Disaster Relief Loans and many others governed by the SBA. Each loan has an application. The servicer may require additional documents.”Who should apply for economic disaster injury loans and/or paycheck protection loans?

“Banks have 10 days to fund approved PPP loans. Economic Injury Disaster Loans take three to five days for approval then up to three weeks for funds. To cut red tape, have all documents in order.”What should small businesses do in the meantime if they are strapped for cash? “If you clearly see that what you do is going the way of the dinosaurs, take action now before it’s too late, and you are psychologically defeated. Find the next gig that is growing, and interests you and has longevity.”How can a small business owner tell if their accountant is on top of all the important financial tasks?

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small business loans top $296 billion and could reach the program's limit by the end of WednesdaySmall business loans top $296 billion and could reach the program’s limit by the end of Wednesday Meanwhile Pelosi nowhere to be found JerrValtNews Thank Pelosi and Schumer for playing politics Who's getting the money? Not my small business that's totally shut down!
Source: CNBC - 🏆 12. / 72 Read more »

Small business tool Square to roll out coronavirus stimulus loan applicationsSquare, the payment tool many small businesses use to process customers' credit cards, said it will begin rolling out stimulus loan applications to its customers, as part of the U.S. government's Paycheck Protection Program. 1.8 million people infected by the pandemic globally | 115,000 deaths Latest updates | cases per million population👇 COVID2019 COVID MichaelBarden8
Source: USATODAY - 🏆 100. / 63 Read more »