Tag Archives: SBA

Highway Robbery?

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SBA PPP programPPP. Paycheck Protection Program.  It saved many a small business from extinction last year.  Our firm was entitled to obtain one- but we weren’t going to go extinct without it.  But, I can guarantee that some of our clients would- how do you think a boutique shop at the airport would survive when we all stopped flying for a year?  Or, a physical fitness (for kids) system would do when we all stayed away from gyms?  Even a consulting firm who’s business was entirely overseas- and could no longer visit its clients?  Not to mention the myriad of hospitality firms (hotels, restaurants) that were forced to close.

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Are you EIDL?

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Wow!  Who knew that the SBA (Small Business Administration) could react quickly.  Those of us who watched its (in)action after Hurricane Sandy and Hurricane Harvey weren’t surprised to see just 900 EIDL’s (Economic Injury Disaster Loans) handled a day after the CARES Act was passed to help business cope with the pandemic.

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Can you be forgiven?

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There still are funds left for this PPP program.  If you haven't applied for your piece, now is the time.  (The funds won't appear for 10 days or so.) Even if you are in Northern Virginia, NYC/LI, SFO, or LAX where the quarantine won't end for two weeks yet. That goes for restaurants- because the funds will help you weather the restricted openings that should alleviate some (not all) in 8 to 10 weeks.  (My blog tomorrow will provide you further data on such scenarios.)

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National Small Business Week

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This week has been designated as National Small Business Week.  It would be optimum if the government agencies really tried to make it easier and better for small businesses to thrive in America.  Instead of focusing their beneficence on megafirms.  But, I digress.

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