The $2.2 Trillion CARES ACT – WHAT YOU NEED TO KNOW!
March 29, 2020
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$2.2 Trillion CARES Act Provides Relief To Small Businesses

On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act of 2020 (or “CARES” Act) (Pub. L. No. 116-XXX) (H.R. 748). The Act provides more than $2 trillion in emergency economic relief for businesses, families and individuals affected by the coronavirus pandemic (COVID-19)—the largest stimulus or rescue package in American history. The Act represents the third piece of legislation intended to help families and companies impacted by COVID-19.

Below is a breakdown of the $2 trillion price tag and highlights of potential economic relief opportunities for U.S. businesses (including small and mid-sized businesses) if the bill is signed into law.

$500 Billion in Emergency Relief Funds for Larger U.S. Businesses, States and Municipalities

$367 Billion in Emergency Relief Loans to Small and Mid-Sized Businesses

$10 Billion Economic Injury Disaster Loan (EIDL) Program

 

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Is Now the Time to Buy a Business?

May 26, 2021
Is Now the Time to Buy a Business? If you’re considering buying a business, read these bookkeeping tips to learn how to evaluate the financial health of a business before you buy. Whether you are an entrepreneur looking for a potentially lucrative investment, are a pragmatist seeking a recession-proof source of income or have decided the current […] The post appeared first on Cardinal Business Financing, Inc..
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CEOs HAVE HIGH CONFIDENCE IN ECONOMIC OUTLOOK

February 23, 2021
U.S. CEOs Have High Confidence in Economic Outlook CEOs expect improvement in the labor market over the next year. The outlook for employee wages also improved, while the potential for layoffs receded, according to the report. Corporate leaders are more upbeat about the U.S. economy than at any time in the past 17 years, according […] The post CEOs HAVE HIGH CONFIDENCE IN ECONOMIC OUTLOOK appeared first on Cardinal Business Financing, Inc..
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New COVID Relief Bill – Paycheck Protection Program (Round 2) | What You Need To Know

January 13, 2021
As a result of recently passed stimulus legislation called the Economic Aid Act, additional funding has been made available under the Paycheck Protection Program (“PPP”) for both first and second-time borrowers. It is anticipated that borrowers applying for a first PPP loan will be able to do so through community financial institutions beginning Monday, January […] The post New COVID Relief Bill – Paycheck Protection Program (Round 2) | What You Need To Know appeared first on Cardinal Business Financing, Inc..
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Attention Small Business Owners

January 8, 2021
Small-business owners will have access to new PPP funding. SBA prepares for new round of PPP loans The U.S. Small Business Administration has yet to release a date for when it will start accepting new Paycheck Protection Program loan applications, but it has revealed who gets to go first. The agency plans to accept PPP loan applications only from community […] The post Attention Small Business Owners appeared first on Cardinal Business Financing, Inc..
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FED LOWERS MINIMUM ON MAIN STREET PLAN

November 2, 2020
The Federal Reserve has once again altered the terms of its $600 billion Main Street Lending Program to reach more small businesses. The minimum loan size for both for-profit businesses and nonprofits is now $100,000, down from a $250,000 loan minimum. In addition, Paycheck Protection Program loans of up to $2 million now will be excluded from calculating the size of a possible […] The post FED LOWERS MINIMUM ON MAIN STREET PLAN appeared first on Cardinal Business Financing, Inc..
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How to Grow Your Business in the Midst of a Global Pandemic?

September 29, 2020
COVID-19 has disrupted the way businesses conduct their day-to-day operations as a result of lockdowns and other mandatory quarantine measures. Restaurants, airlines, hotels, casinos, and many other establishments … have been forced to rethink their business models and the way they deliver their products and services to clients. The goal is to not just bring […] The post How to Grow Your Business in the Midst of a Global Pandemic? appeared first on Cardinal Business Financing, Inc..
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