Category: COVID-19 Federal Funding Programs Updates

“PPP” Loan Forgiveness, What if the employee won’t accept my rehire offer?

Rehiring Employees Under the SBA “PPP”Program May 13, 2020   As businesses are beginning to receive funding from the Small Business Administration (the “SBA”) as part of the Paycheck Protection Program (the “PPP”), they are faced with decisions on whether to rehire employees that they previously had to lay off due to the economic impacts [..]

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Families First Coronavirus Response Act

A second coronavirus emergency aid package was signed into law, named the Families First Coronavirus Response Act. This act responds to the growing health and economic crises with provisions for paid sick leave, free testing and expanded unemployment benefits. This legislation allocates roughly $8 billion for coronavirus prevention, preparation and response efforts. Here’s a breakdown [..]

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Economic Injury Disaster Loans (EIDL) EMERGENCY GRANT through the Small Business Administration (SBA)

Overview – The (EIDL) Economic Injury Disaster Loan Grant Offers up to a $10,000 grant to businesses as an operating advance through the SBA. The SBA is now offering this grant as part of their new EIDL loan application process. There are a lot of misconceptions swirling around the Economic Injury Disaster Loan (EIDL). Rodriguez [..]

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The Coronavirus Aid, Relief, and Economic Security (CARES) Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act  – (CARES) Act has allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Loans can be [..]

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SBA Disaster Assistance – For Florida Small Businesses Impacted by Coronavirus

SBA Disaster Assistance Available for Florida Small Businesses Impacted by Coronavirus Today, the U.S. Small Business Administration announced that small businesses located in the State of Florida adversely impacted by COVID-19 can now apply for disaster loans. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA [..]

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