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The Paycheck Protection Program (PPP) was part of the CARES Act passed in March. It was meant to provide struggling businesses with relief in the form of Small Business Association-backed loans. The loans are forgivable as long as they were used for specific purposes,...
According to a Small Business Trends survey in July, 92% of small businesses in the U.S. have had to reinvent themselves over the past few months. Are you one of them? If not, your struggling business may need to be next. Where do you begin? It starts with hustle, as...
When the first wave of business closures hit this spring, many of the companies involved were already in trouble. Or, their owners were ready to close for other reasons, like a pending sale or retirement. Those that survived have been hurt. Many received crucial help...
It’s a fair question. When the White House announced a payroll tax holiday, the hope was that it would result in larger paychecks and boost the economy. However, the president doesn’t have the authority to cut payroll taxes on his own, so the tax holiday only suspends...
For the first time since the Great Depression, the federal reserve will be lending directly to some companies through its Main Street Lending program. The idea is to target businesses that were successful before the pandemic but which are now struggling. And, the...
These days, many business owners are struggling. That does not mean that your business has no value. Even with setbacks caused by the lockdowns and COVID-19, your business could have a great deal of value to the right person. If you can keep it viable or close to...