Browsing Tag

PPP

16 posts
to do after PPP loan
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6 Things to Do After Receiving Your PPP Loan

You’ve gotten your PPP loan, spent it properly and hopefully qualify for full forgiveness. Congratulations! What’s next? StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Here are six steps you can take now, after receiving and spending your PPP loan, to help ensure your business continues on the road to recovery:...
PPP extension
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President Biden Signs PPP Extension Into Law, Application Deadline Now May 31

On Tuesday, President Biden signed a bill extending the the deadline to apply for Paycheck Protection Program (PPP) funding from March 31, 2021 to May 31, 2021. The Paycheck Protection Program is an SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. "Nearly 90,000 business owners are still in line, and...
Paycheck Protection Program updates
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New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply

Updated January 11, 2021: The SBA has released guidance for new Paycheck Protection Program (PPP) loans available under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). This article includes the latest guidance and the new application forms. What are Paycheck Protection Program Loans? The Paycheck Protection Program (PPP)...
PPP Loans
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4 Ways the New PPP Loans are Better Than Before

The economic stimulus bill that was recently passed by the House and Senate has been signed by the President. It contains several hundred pages of aid for small businesses. There will be more funds available for Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loan (EIDL) grants, among other aid to struggling businesses. Those...
EIDL PPP loan
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How to Pay Back an EIDL or PPP Loan

If your business received an Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, you may have determined it isn’t a good fit for your small business for any number of reasons: You just wanted the EIDL grant and not an EIDL loan,  You didn’t understand the loan terms when you applied, You...
business loans
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Are Business Loans More Affordable Now Due to the Pandemic?

The COVID-19 pandemic has devastated the global economy in a number of ways. Unemployment is up, the stock market is down, and small businesses are struggling to make ends meet. While Congress approved some financial help for small businesses with the Paycheck Protection Program (PPP), that aid has since expired and efforts to extend or...
business
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Stop Doing These 4 Things if You Want Your Business to Last

We’ve all seen the statistics on how many businesses fail within the first few years of operation, and the current pandemic may accelerate that struggle for some startups. After fielding literally thousands of questions from small business owners during the past few months at Nav, we’ve identified four ways businesses are setting themselves up to...
wjr business beat
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WJR Business Beat with Jeff Sloan: Brian Calley (Episode 101)

On today's WJR Business Beat segment, Jeff shares a recent StartupNation Radio interview conversation he had with Brian Calley. Calley is the current president of the Small Business Association of Michigan (SBAM), and he was formerly the 63rd lieutenant governor of the state of Michigan. The Small Business Association of Michigan is an advocacy group on...
financial help
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Need Financial Help to Reopen Your Business After COVID-19?

After months of lockdowns that required many companies to cut back hours, pause production or close completely, restrictions are starting to lift, and small businesses are starting to slowly and cautiously open back up. But when they do, they’ll be opening their doors to a different world than when they had to close them. With...
lender
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7 Steps to Get Your Business Lender Ready

For years, I’ve been encouraging business owners to line up financing before they need it. Whether it’s a crisis or opportunity, you want to be prepared so you can respond quickly—and that crisis is now a reality across the country. For some businesses, this will also be a time of opportunity. Aside from COVID-19 relief...
Paycheck Protection Program Flexibility Act
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7 Ways the Paycheck Protection Program Flexibility Act Can Help Your Business

Update 6/5/2020: President Trump signed the Paycheck Protection Program Flexibility Act into law. The legislation gives small business owners more flexibility in how they can use PPP funds and may make it easier to qualify for forgiveness.  The House and Senate have passed the Paycheck Protection Program Flexibility Act of 2020 and the President is...
seasonal businesses
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Additional PPP Guidance for Seasonal Businesses

It took a while to get here, but the SBA has provided some additional PPP guidance for seasonal businesses to calculate the maximum loan amount for seasonal employers. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here How does the new guidance affect the calculation of the maximum loan amount? The...
COVID loan
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3 Things That Could Cost Your Business its COVID-19 Loan

The Senate approved an additional $60 billion in funding for the Economic Injury Disaster Loan (EIDL) program and $310 billion for Paycheck Program Protection (PPP) loans on April 21, 2020. It now heads to the House and then, hopefully, to the President’s desk. Small business owners who missed out on the first round of funding...