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Save Small Business Fund: Short-Term Relief for Small Businesses

Apr 19, 2020

The U.S. Chamber of Commerce Foundation has created a Save Small Business Fund to help small employers who are struggling during the COVID-19 outbreak. This fund is a collective effort to provide $5,000 grants to small businesses that employ between 3 and 20 people....

$349 Billion Cap for Small Business Loans Reached

Apr 17, 2020

The small business rescue fund program hit its limit late yesterday and is now out of money. As a result, the SBA is currently unable to accept new applications for the Paycheck Protection Program and Economic Injury Disaster Loan program. Lawmakers and the Trump...

SBA Loan Applications Opens April 3rd

Apr 2, 2020

SBA Loan Applications Opens April 3rd Starting Friday, April 3rd businesses with fewer than 500 employees, including sole proprietors, private nonprofit organizations and veterans organizations, may apply for forgivable .5% interest loans of up to $10 million....

Historic $2 Trillion Stimulus Deal Reached

Mar 28, 2020

HOUSE PASSES CARES ACT The House passed the largest peacetime fiscal relief measure in U.S. history today and has been signed by the President. The Phase 3 Stimulus package totals roughly $2.3 trillion in direct aid to families, businesses, hospitals and states. The...

Economic Injury Disaster Loan Program Announced by SBA

Mar 21, 2020

The SBA issued a disaster declaration for the state of Iowa as of March 21, 2020. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted a federal funding...

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