Community banks benefit from willingness to approve PPP loans for small business owners BY NANCY DAHLBERG In South Florida as well as around the nation, small business owners applying for the Paycheck Protection Program often struck out with big lenders — even when they had been loyal customers. They had better luck with smaller, community [...]

Florida's Small Business Development Center - Helping businesses grow and succeed

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.

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.

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.

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

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.

International trade shows have gone virtual and the state wants to help small businesses access the resource.

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.

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.