Monthly Archives: July 2020

Changes in PPP designed to make it more attractive to small business owners

The president has signed the Paycheck Protection Program Flexibility Act of 2020. This law may make PPP loans more attractive to small businesses. Here are seven of the main ways it may help your business.
Jul. 8, 2020|

Businesses need to be prepared for hurricane season

The Florida Small Business Development Center at Indian River State College urges small businesses to prepare for the 2020 Atlantic hurricane season, which runs from June 1 to Nov. 30.
Jul. 8, 2020|

There are loan options for small businesses but they can be expensive

I think it’s safe to say the Paycheck Protection Program wasn’t a good fit for every small business looking for capital. What’s more, the Small Business Administration loan is not the only source of financing options available. A savvy business owner can leverage the loan options that are available to maintain business operations, grow revenue and exit the current financial crises a little bruised and battered, but none the worse for wear.
Jul. 8, 2020|

New form to apply for PPP loan forgiveness made simpler

The SBA has released the new PPP Loan Forgiveness Application Form 3508EZ, which is designed to streamline PPP forgiveness for certain businesses who qualify.
Jul. 8, 2020|

Nationwide survey says small business owners cautiously optimistic

Small business owners nationwide are feeling a bit better about the economy. In fact, a growing number expect the economic fallout brought on by COVID-19 to be short-lived, the National Federation of Independent Business has reported.
Jul. 7, 2020|

Grants to fund international online connections

International trade shows have gone virtual and the state wants to help small businesses access the resource.
Jul. 7, 2020|

Absence of a succession plan could be costly and put company future in jeopardy

Succession planning isn’t just for family businesses and large corporations. Many small business owners don’t plan for what will happen to their companies during a prolonged illness or after their deaths. Unforeseen circumstances could put their businesses at risk of shutting down.
Jul. 7, 2020|

PTAC at IRSC helps regional business owner successfully navigate the government contracting maze

In a typical week, you could find Management Marine Service helping the U.S. Coast Guard with nine or 10 training events at three locations. The small business may also be preparing a boat to logistically support a Department of Defense exercise or finishing up work for the Royal Canadian Air Force. And then, of course, there is general maintenance of its 12-boat fleet to do and paperwork, always paperwork.
Jul. 7, 2020|

Nonprofit fund provides loans and mentoring for Black business owners

Established in 1987, the Black Business Investment Fund of Florida is a nonprofit Community Development Financial Institution that has successfully developed, capitalized and trained minority and underbanked businesses statewide for 30 years.
Jul. 7, 2020|

St. Lucie County launches Port of Fort Pierce master plan update

The central question facing St. Lucie County as it updates the Port of Fort Pierce master plan is how the port will handle future economic and social opportunities.
Jul. 7, 2020|