CARES Act Money Earmarked For Small Businesses

Today, these grants help women like you fulfill the dreams that Amber could not. Please look into these programs with the links above and if you have any questions or need assistance navigating these programs, please enter your zip code on the SBA Local Assistance Finder and contact your nearest SBA District Office. Allows you to use the loan to cover payroll costs, including salaries, paid sick and medical leave, insurance premiums, mortgage, rent and utility payments. Allows you to apply for a 100% government backed, low interest SBA 7 loan up to $10 million. The loan amount will equal 250% of your average monthly payroll costs. The Mississippi Emergency Management Agency is gathering information on the economic loss to Mississippi Small Businesses Near Me throughout the state as a result of the COVID-19 outbreak.

There are no lengthy, complicated documents to complete; just answer a few questions about your business. But hurry—applications are due by the end of the month for the next $10,000 Amber Grant. There are plenty of resources and good people in Mississippi waiting to help women entrepreneurs like you.

Then, at the end of the year, one of those grant recipients is selected to receive the $25,000 Amber Grant. We are a technology company that uses software and experience to bring lenders and borrowers together. Click below for a free, no obligation quote and to learn more about your loan options. Creative Capital has a comprehensive list for artists working in all disciplines, organizations trying to steady the boat, and anyone working to create the new normal. Billboard has a state-by-state listing of resources for professional musicians. The Association of Performing Arts Professionals has pulled together resources to help you and your team prepare for and respond to the potential impact of the coronavirus (COVID-19).

You’ll find information about certifications, technical assistance and education programs. Small business grants are coveted by many small businesses as they provide money that doesn’t have to be paid back. Naturally, grants are competitive so they may not be the best option for someone who needs a guaranteed amount of funding by a certain date. But every year, millions of dollars in small business grants are made by foundations, government agencies and private businesses.

A major dip in the unemployment fund would result in large increases in unemployment insurance payments for businesses, Harkins said, so sweeping unspent CARES Act money into the account also helped small businesses. Congress later relented on its CARES Act spending deadline, but only in the eleventh hour after state lawmakers had allocated the money and adjourned their session. In late summer 2020, as business owners were complaining about problems getting grants, a Hope Policy Institute analysis found Mississippi was lagging behind most other Southern states in deploying CARES Act funds to small businesses. Lawmakers reconvened, and made changes to the program in effort to speed up the process and allow more businesses to qualify. It also publishes resources for businesses impacted by the Covid-19 pandemic, including CARES Act programs such as PPP and Economic Injury Disaster Loans.

To learn more about creating the best name for your business, read our How to Name a Business guide. You can also read our review of the best small business insurance companies. The best way to ensure that you’re getting the proper protection at the best price is to speak to a business insurance agent or get a quote online. An accounting system helps you track the performance of your business and simplifies annual tax filings.

Rosson said she wishes the CARES Act money earmarked for small businesses — besides providing more grants than it did — could have gone to provide continuing help as businesses still struggle. Other states, including neighboring ones in the Deep South, attempted to help small businesses with grants from federal CARES Act funding. Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

For-profit corporation, limited liability company, partnership, or sole proprietorship. The Mississippi Small Business Development Center Network provides the entrepreneur with education and training opportunities which cover a wide range of business topics. Research, both basic and applied, is available, giving the small business person more relevant data from which to draw upon for making decisions. Of Mississippi’s small businesses, 47% have less than two months cash on hand, according to the U.S. The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including Hartford Fire Insurance Company.

Drive social media engagement and create stronger bonds with your customers. After defining your brand and creating your logo the next step is to create a website for your business. When your personal and business accounts are mixed, your personal assets are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil.

Nonprofits are typically created to further a social cause and are exempt from paying taxes. A corporation is a separate legal entity that is owned by its shareholders. Corporations have more formal regulations than LLCs and tend to be more attractive to investors.


No Responses

Leave a Reply

Your email address will not be published. Required fields are marked *