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3 Ways Second Draw PPP Is Designed to Help Small Businesses

Smart Hustle Magazine

The past months brought unprecedented strife for small businesses, and the small business owners that have managed to keep their doors open are fighting hard to keep it that way. “The second draw PPP loans are meant to better support smaller businesses—the folks most negatively affected by this pandemic.”

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Rallying for rural entrepreneurship: addressing the challenges that face rural small businesses

Source Link

Starting and growing a business can prove to be a daunting endeavor within any market. The term “entrepreneur” encompasses a wide range of diverse businesses in rural communities, from those thinking about starting a business to longtime business owners.

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Butler shows hundreds of employees the door after raising $50M for room service delivery

TechCrunch

“We appreciate your loyalty to sticking with us through these times.” New York-based Butler was founded in 2016 as a “ghost kitchen” operator with a simple business model. In April 2020, the company received a $600,000 loan through the Paycheck Protection Program.

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New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply

StartupNation

Updated January 11, 2021: The SBA has released guidance for new Paycheck Protection Program (PPP) loans available under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). This article includes the latest guidance and the new application forms.

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Important Updates for Startups on the PPP and the CARES Act

Dream It

Friday, April 3 was supposed to be the orderly launch of the CARES Act Paycheck Protection Program (PPP) providing $349B of urgently needed funding to struggling startups and small businesses. Do’s: Be ready to submit your application this week Read rules around qualification, baselines, and forgiveness.

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TrueBiz aims to help financial services providers onboard business customers faster, avoid fraud

TechCrunch

Businesses, especially those operating in financial services, also have to conduct an appropriate amount of due diligence, for example, to avoid fraud. The startup wants to reinvent how fintechs review the risks of the businesses they onboard, so as to avoid such fraud cases, and pushback, as described above. Enter TrueBiz.

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Newsletter: Meeting Scaramucci + Transforming Agriculture

OurCrowd

Varo offers small cash loans for free. On video: How AgTech protects our food supply in a pandemic. On Thursday, October 29, tune in for “ Investing in the Pandemic and the New Normal ,” featuring Alec Ellison, Chairman of OurCrowd in the U.S. and Former Vice Chairman of Jefferies, and Steve Krausz, Managing Partner of U.S.