Seven options outside of federal loans for small business owners to sustain while COVID-19 runs its course.
More than a dozen publicly traded companies with revenue of more than $100 million, received loans through a massive relief program aimed at small businesses.
Small businesses that were offered aid are struggling to find the best use for the money. Especially businesses that rely on no social distancing.
Source: The Seattle Times
The surprising success rates of regional and community lenders suggest businesses across the country got money based on which bank they happened to pick, rather than just how early they got in line. Many entrepreneurs were desperate to get assistance from the first-come, first-served program and were devastated this week to learn they won’t get help unless Congress allocates more funding.
Source: Los Angeles Times
The platform, developed by CRM software company vcita in partnership with Mastercard Incorporated, serves as a “digital starter pack” for small companies that are moving to a web-first model.
Source: Yahoo! Finance