Covid-19 Financial Assistance
Senate passes PPP Flexibility Act
The U.S. Senate passed H.R. 7010, the Paycheck Protection Flexibility Act, making a number of retroactive improvements to the Paycheck Protection Program. The National Restaurant Association release a summary of components of the legislation, including the following: Extends the loan coverage period from 8 weeks to 24 weeks Modifies the “75/25” rule, which had required…
Read MoreOur Banks at Work for Collier County Businesses!
** Bank of America ** Paycheck Protection Program (Updated May 20, 2020) Bank of America has funded 2,422 loans locally for $152 million with average loan size of $62k. ** First Florida Integrity Bank ** Paycheck Protection Program (Updated May 20, 2020) First Florida Integrity Bank has processed 1,649 loans locally for $186 million. This probably had a positive…
Read MoreFlorida Department of Economic Opportunity Provides Reemployment Assistance Daily Update and Launches State Reemployment Assistance Claims Dashboard
TALLAHASSEE, Fla. – Beginning today, the Florida Department of Economic Opportunity (DEO) will provide daily updates on the efforts made to address the challenges to Florida’s Reemployment Assistance program in response to COVID-19. This includes a new State Reemployment Assistance Claims Dashboard that will be updated daily to reflect the total number of Reemployment Assistance Claims…
Read MoreSave Small Business Fund now available
The Coronavirus crisis has created a financial burden to small businesses everywhere, causing a ripple effect that impacts not just our economy, but our citizens. To help offset this financial strain for small businesses, a group of corporate and philanthropic partners have come together to create the “Save Small Business Fund”. The goal of this…
Read MoreSMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM
The Florida Department of Economic Opportunity SMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM is currently available to small business owners located in all Florida counties that experienced economic damage due to COVID-19. The short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery…
Read MoreAlready paying off an economic disaster loan?
If you’re a business that is already paying off an economic disaster loan, such as for Hurricane Irma, the SBA has automatically deferred those payments to Dec. 31, so businesses can have a break from payments. Read more
Read MoreDEO Announces Actions Taken to Make Accessing Reemployment Assistance More User Friendly
TALLAHASSEE, Fla. – Today, the Florida Department of Economic Opportunity (DEO) announced multiple actions taken to improve the ability for Floridians to access the Reemployment Assistance program. Due to the COVID-19 pandemic, DEO is seeing historic increases in Floridians filing for Reemployment Assistance. Last week, Governor DeSantis signed Executive Order 20-93, directing DEO and other executive…
Read MorePaycheck Protection Program Information
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Small businesses and sole proprietors can apply today, April 3. Independent contractors and self-employed individuals can apply starting April 10. SBA will forgive loans if all employees are kept on the payroll…
Read MoreKeeping Your Small Business Operational: Financial Acumen During Crises
Planning and clarity during this time can make all the difference to keep your business thriving. In this webinar, I we ill walk through preventative steps any entrepreneur or business can put in place to remain resilient. We’ll focus on financial modeling, risk analysis, cash flow management, and ways to stay conservative without hurting those…
Read MoreRestaurant Employee Relief Fund
Through the Restaurant Employee Relief Fund, the National Restaurant Association Educational Foundation (NRAEF) will provide grants to restaurant industry employees who have been adversely impacted by COVID-19, financially, whether through a decrease in wages or loss of employment. Apply for a grant starting Thursday, April 2, 2020 Each approved grant is $500, one per person…
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