Extending tax returns is a very common practice, particularly for strategic reasons. Find out what makes sense for your business and why.
Source: The Philadelphia Inquirer
Was your business approved for the PPP loan before or after June 5, 2020? Borrowers who were approved before June 5 can extend their loan repayment up to 5 years thanks to The Flexibility Act.
Businesses are often denied loans and capital for reasons such as not having enough credit, collateral or cash flow — things new businesses struggle with. The businesses that can’t access money are likely to plateau or succumb to the pressure of economic downturn.
Source: The Oregonian
North Carolina’s Latino residents, in addition to experiencing disproportionately high rates of unemployment and infection from the COVID-19 pandemic, are also at higher risk of losing their businesses.
Source: Winston Salem Journal
For the general population, fintech has mostly flown under the radar. When it has popped up into conversations, it was often for negative reasons but the Paycheck Protection Program (PPP) has given fintech a national voice like never before.
Source: Lend Academy