by Kelly Starzec | May 5, 2020 | COVID Archives, Finance
The Federal Reserve Board on Thursday April 30 announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit...
by Kelly Starzec | May 5, 2020 | COVID Archives
In addition to the various government relief loans and grants available to small businesses who are impacted by the coronavirus pandemic, many more are available for women-owned businesses. Below are links to available funding resources currently available to...
by loudounsbdcdev | Apr 8, 2020 | COVID Archives
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the current circumstances they are encountering. The CARES Act provides funding for the...
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
The Small Business Association (SBA) has launched a tool for businesses to find lenders in their area. Click here to use the tool. Note: Lenders are not required to participate.
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
Generally, a business can apply for loans under both the Paycheck Protection Program and the EIDL program but must use the EIDL for a purpose other than covering payroll costs. To determine whether to apply for a Paycheck Protection Program loan or EIDL, businesses...