Small Business Owner? This Forgivable Loan May Help Keep Your Business Afloat During The Lockdown
1 Apr 2020
In addition to including stimulus checks for individuals, the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act includes a $349 billion stimulus package to help small businesses make their payroll and rent payments over the next few months.
This stimulus program, called the Payroll Protection Program (PPP), is designed to help small businesses avoid laying off employees over the next few months while social distancing requirements keep many small businesses closed or operating at less than full capacity.
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Minnesota Community Care, the state’s largest federally qualified health center, is activating a full transformation of its system to implement community mitigation strategies and reduce the spread and impact of COVID-19. Effective April 1, 2020, the organization will actively transition its sites, services, and programs to immediately respond to the...
Over the past few weeks, several state and federal programs have been built to assist small businesses struggling during the COVID-19 pandemic.
Different programs make sense for different businesses, so we’re providing this summary guide to help small businesses quickly see which programs might be right for their situation...
St. Paul –The Minnesota Department of Employment and Economic Development (DEED) is announcing the Minnesota Small Business Loan Guarantee Program, which was approved by the Minnesota Legislature last week. This temporary program, established in response to impacts of COVID-19, provides another option for financing to help small businesses weather this...
