PayPal, Intuit and Square Capital are some of the non-bank institutions that are now also approved to participate in the SBA's Paycheck Protection Plan, which is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for … [Read more...] about PayPal, Intuit and Square Capital can now offer loans to small businesses through the Paycheck Protection Program
Bank of America has already received over 122,000 PPP loan applications from small businesses totaling over $27 Billion
By mid-morning of only the second day since the loan applications under the Paycheck Protection Program (PPP) began, Bank of America reported that over 122,000 small business clients have already applied for the program, totaling over $27B in loans. Bank of America has also expanded the process to include all current business account holders, irrespective of whether … [Read more...] about Bank of America has already received over 122,000 PPP loan applications from small businesses totaling over $27 Billion
How to start your business
Congratulations! You have a great idea and you have decided to do something about it. That in itself is a great first step. In this post, let's go through some other important steps before your start this adventure. Let's go! Refine your idea with competitive analysis and market research: Before you get too excited with your own idea and jump right in, it's important to … [Read more...] about How to start your business
US Govt’s $2 Trillion Relief Package and PPP loan details for SMBs
Letting go of some of your amazing and hard-working staff is a very tough call for any business, especially in these difficult times. Now, there is some relief announced by the government as part of their $2 Trillion Relief package. If you had to let go of your employees in the last couple of weeks in an effort to stay afloat during these uncertain times, please read on. The US … [Read more...] about US Govt’s $2 Trillion Relief Package and PPP loan details for SMBs