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Nine2Five Overcomes Economic Obstacles with SBA Assistance to Win Franchisee of the Year 2022
… Shortland heard about the Paycheck Protection Program (PPP) and the Targeted Economic Injury Disaster Loan (EIDL) Advance. He applied for PPP at his local bank St. Johns Bank Trust and Company in St. Louis. It took three-weeks for his $86,000 PPP application to be approved and funded. His business was … -
Making Music Together and Building Community in Oregon
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International Construction Expert Puts Down Entrepreneurial Roots in Omaha, Nebraska
… Loan (EIDL) and two rounds of Paycheck Protection Program (PPP) funding in 2020 and 2021 under the CARES Act. “COVID-19 … go away. I didn’t have any opportunities to bid on. The PPP allowed for me to payroll everyone even though I had no … my staff to stay together and not go on unemployment. Both PPP loans were forgiven. It was a blessing – it was very, … -
SBA Elevates Women-Owned Small Businesses
… Department, launched the Paycheck Protection Program (PPP), which has helped stabilize hundreds of thousands of … When COVID-19 struck, Superstition Meadery applied for a PPP loan, which helped them cover payroll, rent, and more. … Person of the Year. Omni applied for and received a PPP loan, without which, according to Molly, she would not … -
Helping America’s Entrepreneurs Get Back to Business
… check out these SBA programs: Paycheck Protection Program (PPP) : Available through June 30, the PPP is an SBA-backed loan that helps small businesses and … this month, has extended the covered period for loan forgiveness to 24 weeks after the loan disbursement and … -
With SBA COVID Relief Programs, Restauranteur and Caterer is Able to Stay in Business and Grow
… out four SBA-administered Paycheck Protection Program (PPP) loans for his Euclid, Shaker Heights and Garfield Heights stores. “The PPP was a great thing, and I was able to pay employees and pay rent,” Sam said. “The PPP loans helped us get ahead of the game. Because of the … -
SBA Helps Salon Manage Growth and Pandemic Impact
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SBA Recovery Programs Assist Engineering Firm Through Pandemic
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SBA Shares Resources for Black-Owned Businesses During National Black History Month
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Financial Therapy in the Time of Need
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VT Fitness Studio Bouncing Back After Pandemic
… staff on payroll due to the Paycheck Protection Program. PPP provided small businesses forgivable loans through the … to stop the spreading of the disease. “When we got the PPP money we were pumped. When you own a small business, it … bills to pay. Luckily, we were able to use some of the PPP to pay our rent. We were extremely relieved to get it and … -
U.S. Small Business Administration Releases Report on Anti-Fraud Control Measures in Pandemic Relief Programs
… programs, including the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan Program … fraud.” The new anti-fraud measures deployed in 2021 in PPP and COVID-EIDL, which are explained in detail in the … fraud rates for new relief programs. Taking learnings from PPP and COVID-EIDL, the SBA team achieved dramatically lower … -
From the First State to the Four Corners of the Globe: Delaware Firm Exports Electronics Worldwide with a Little Help from the Delaware Small Business Development Center and SBA
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Magic City Hoagies
… reached out to her with the Paycheck Protection Program (PPP), she applied for and received a first draw PPP loan. She also applied for and received an EIDL … little bit of help counted,” she said. “I used all of the PPP funds to pay my employees. Since I had to build out an … -
About COVID-19 EIDL
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Essential Business uses Paycheck Protection Program to Bring Back Employees
… provided guidance on how the Paycheck Protection Program (PPP) would benefit the company and its employees. Tony … financial institutions during the first round of the PPP but was unable to find a bank to process the loan. When the second round of PPP funding was released Tony contacted SBA-approved lender … -
Morgantown Small Business uses Paycheck Protection Program bring back Employees
… in Morgantown to secure the Paycheck Protection Program (PPP) under the CARES act. “I found the process to get the PPP to be relatively simple, the most difficult part was … received the much needed funds in 7-10 business days.” The PPP has allowed Masters to hire back all of his employees who … -
COVID-19 Economic Injury Disaster Loan
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Paycheck Protection Program Loans and Changes of Ownership
… an entity that has received Paycheck Protection Program (PPP) funds (a “PPP borrower”). Office of Capital Access Effective: October … | Download .pdf for / October 2, 2020 Related programs: PPP Remove download button Off … SBA Procedural Notice …