COVID-19 Financial Relief Resources for Your Small Business
This post was contributed by our partners at Bench. If your small business has been impacted by COVID-19, you have financial options. From federal loans to local grants, here’s a walkthrough of available resources to help your business stay afloat. For any loan or grant application, we recommend getting your 2019 bookkeeping and taxes completed. This will put you in the best position to secure funding, and be eligible for loan forgiveness where applicable. Have any questions at all about financing, bookkeeping, or taxes? Reach out to Bench and learn more. Federal government relief Paycheck Protection Program Weren’t able to get funding during the first round of the Paycheck Protection Program? Good news: an additional $310 billion of funding has been approved by the federal government. This newly updated bill makes additional guarantees that at least $60 billion must be granted by small banks, community financial institutions, and credit unions to ensure that truly small, local businesses get a chance at funding. The highlights: The funding is meant to...
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