The U.S. Small Business Administration recently announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RFF). The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, [...]
Application Portal Temporarily Suspended The Shuttered Venue Operators Grant application portal remains temporarily suspended through the weekend of April 9 while the SBA works to resolve technical issues. The SBA confirms they did not accept any applications or distribute any funding. When a reopening date is determined, they will provide [...]
BREAKING – On March 31, 2021, President Biden signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program an additional two months to May 31, 2021, and then providing an additional 30-day period for the SBA to process applications that are still pending. First & Second Draw PPP [...]
The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a [...]
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can [...]
eBay is pledging $100 million to help brick-and-mortar small businesses move their goods and services online through their “Up & Running” accelerator program. The offer includes a free basic eBay store for three months and waiving selling fees through June 30 for up to 500 orders. […]