List of national, state and local resources on emergency loans and grants, paid leave, unemployment, and more. New resources are added daily as information becomes available. Go to page »
Small Business Majority surveyed its national network of small business owners to better understand who has benefited from the Paycheck Protection Program (PPP) created by the CARES Act, and to shed a light on their concerns with the program. The survey reveals a strong majority of small businesses have applied for a PPP loan, but most are worried about having the loan forgiven.
Mark and TJ Goettsch started their business during the Great Recession, so this couple knows a little something about running a business through times of financial crisis. However, when COVID-19 hit, it impacted their business and thousands of others across the country in completely unprecedented ways.
Small Business Majority submitted a letter of support to Chairman Jim Wood (CA-D) on AB 2118, which as introduced would require health plans and insurers to undertake overall rate reporting in the individual and small group insurance markets.
This blog originally appeared on the blog of our partner CO-STARTERS.
Although some businesses have seen the relief offered by the CARES Act—particularly the Paycheck Protection Program SBA loans—many small businesses have been left wondering if their application is even being considered.
From stock market dips to shuttered storefronts, it’s no secret that the COVID-19 public health crisis has put too many businesses on the brink of collapse. Our network of 65,000 small businesses have painted a dire reality of what they are facing throughout the crisis, which has elevated the need for government officials to better understand the challenges faced by our nation’s entrepreneurs.
It’s no secret that California has been hard hit by the spread of COVID-19, with a vast 2.7 million applying for unemployment in the past four weeks, and the impacts have been particularly severe on small businesses that have seen their revenues take a nosedive overnight. With the economy on pause, Main Street has been left to cope with how to stay afloat during this unprecedented time.
It’s no secret that the spread of COVID-19 around the country has already had a devastating impact on small businesses. With the economy on pause and uncertainty gripping communities across the country, Main Street has been left to cope with how to stay afloat during this unprecedented time.
COVID-19 - Small Businesses Call on Congress to Bail Out Main Street
The COVID-19 pandemic has left America’s small businesses and entrepreneurs on the brink of collapse through no fault of our own. People are struggling, our businesses are closing or slowing operations, and many of us are being forced to lay off our hard-working employees en masse. Immediate action is needed by Congress and the Administration, which is why we call on you to provide a massive and bold stimulus package for Main Street that includes grant assistance.
Amidst reports that small business owners around the country are waiting days and weeks to receive their Economic Injury Disaster Loan (EIDL) funds and that borrowers are not receiving their loan advances as required by the recent stimulus package, Small Business Majority sent a letter to the U.S. Small Business Administration demanding that they address this issue and ensure better communication and efficiency in the loan process.