Having allocated the full $20 billion that was appropriated by Congress, the Small Business Administration will discontinue making Economic Injury Disaster Loan advances to new applicants.
According to auto industry analyst Jim Lang's recent report, domestic nameplate cars across the U.S. averaged 14.8 years of age at the outset of 2020, establishing a new record.
Nearly one week remains to apply for the Paycheck Protection Program loan, and the Small Business Administration recently reinstated its Lender Match program, which connects small businesses impacted by the COVID-19 pandemic with lenders.
A company that tracks data on roadside assistance requests noted that, as of recently, traffic volume trends in states like California and Texas were still significantly below pre-pandemic levels.
Collaboration between NMSDC Business Consortium Fund and Midwest BankCentre could help Minority-Owned Business Enterprises navigate the SBA funding application process.
On Wednesday night, the U.S. Senate passed the House version of new Paycheck Protection Program legislation, thus lengthening the time for loan recipients to spend the funds and still qualify for forgiveness of the loans.
