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The SBA Paycheck Protection Program (PPP) provides cash flow assistance for small businesses up to $350 billion via federally guaranteed loans. These PPP loans typically cover payroll, rent, utilities, and interest on other business debts as America’s business community recoupRead more
What is an Economic Injury Disaster Loan (EIDL)? It’s a traditional SBA loan specifically designed as disaster relief for working capital to small businesses. After the current coronavirus (COVID-19) pandemic, the Economic Injury Disaster Loan (EIDL) program has given expandedRead more
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A loan default is the failure to meet the financial obligations indicated in the loan agreement that is signed by you and your lender. Often, a loan default translates into the business owner's inability to pay their debts on time. Due to the differences in each loan agreement, default penalties vary. However, the effects of defaulting on the loan fall into two general categories- immediate repercussions and future implications for both you and your business. Website - https://www.taxreliefrus.com
Small Businesses have been affected badly by the impact of COIVD19 pandemic on the world. With the increase, in the number of positive cases, the business has already started to feel the financial crunch. Many of them are failing to pay their rent, employee salary, and other debt bills. Like on March 18, President Trump stated that the restaurant industry will lose more than $225 billion if the pandemic lasts more than 3 months. Read more on https://bit.ly/3eaDcIj
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While the COVID-19 crisis is still ongoing, small businesses are facing unprecedented financial challenges. Lockdown is in place causing a lot of businesses to shut down and layoff their employees. The health emergency crisis is agitating the economy, pushing theRead more
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