by Kelly Starzec | Mar 23, 2021 | Business Concepts, Disaster Assistance, FAQs, Finance, Operations, Organization
The SBA has two new targeted grant programs scheduled to open in early April. The Shuttered Venue Operators Grant and Restaurant Revitalization Fund will be open only to eligible shuttered venues and restaurants. The Shuttered Venue Operators Grant (SVOG)...
by Kelly Starzec | Feb 23, 2021 | Business Concepts, FAQs, Finance, Operations, Organization
The SBA has established a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees, beginning on Wednesday, February 24, 2021 at 9 a.m. and ending on March 9, 2021 at 5 p.m.. The goal is to provide these smaller...
by Kelly Starzec | Feb 5, 2021 | FAQs, Finance, Operations
The CARES Act includes a number of relief programs for small businesses. The main difference between a PPP loan and an EIDL is that you have to spend at least 60% of the PPP loan on payroll expenses. Also, unlike EIDL loans, PPP loans are not issued directly from the...
by Kelly Starzec | Feb 4, 2021 | Business Concepts, FAQs, Legal, Operations, Organization
Virginia’s permanent COVID-19 workplace safety and health rules have taken effect. The standards mandate appropriate personal protective equipment, sanitation, social distancing, infectious disease preparedness and response plans, record keeping, training, and hazard...
by Kelly Starzec | Jan 12, 2021 | Business Concepts, FAQs, Finance, Organization
To qualify for a second PPP loan, you must generally meet the following qualifications: To qualify for a Paycheck Protection Program loan for the first time, you must be a small business as defined by the SBA. This includes: Small businesses or non-profit 501(c)(3)...
by Kelly Starzec | Jan 12, 2021 | FAQs, Finance, Legal, Operations, Organization
Congress has allocated another $40 billion in EIDL grants (advances) in the new stimulus bill. While the Economic Impact Disaster Loan (EIDL) has continued to be available, the EIDL Advance program has now reopened, offering 10K advance (or grant) for qualified...
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