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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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How to Make the Most of a Hybrid Business Model with or without PPP Relief

Smart Hustle Magazine

Small businesses are vital to our global economy, yet they are disproportionately vulnerable to the economic fallout from COVID-19. In fact, more than 70 percent of small business leaders felt a moderate-to-large negative effect from the pandemic, according to an October 2020 U.S. Census Bureau Small Business Pulse Survey.

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Grant Program Announced for Black Women-Owned Businesses in Detroit (and How to Maximize Your Chances of Securing Relief)

StartupNation

Small businesses make up an astounding 99.6% of Michigan businesses and 49% of the state’s employees—that’s 1.9 Since the onset of the pandemic, these businesses have been forced to endure a tumultuous journey that has meant drastic budget cuts, layoffs and a complete strategy pivot. million people.

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What Startups Need to Know About PPP and the CARES Act

Dream It

Earlier this week, Davidson talked with Steve Barsh, Managing Partner at Dreamit Ventures, about the CARES Act and how startups can benefit. Congress passed the CARES Act on March 25th, 2020, to provide economic relief to American people and businesses in response to COVID-19. It serves as a bridge loan for the whole economy.

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Money Management During COVID-19

Smart Hustle Magazine

If you're a business owner, then you know first-hand how rapid the changes in cash flow have been. Most businesses didn't. The below tips should help set you in the right direction if you're still having a hard time managing your money right now. If you look at the way business cycles happen, that’s doing it backwards.

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Three questions to answer about your COVID response

Berkonomics

Many businesses threatened with closure forever. Small businesses are the most vulnerable, even though most have furloughed employees. FINANCIAL: Do you have twelve to eighteen months of cash to cover your “burn rate” now and as you recover? Have you squeezed every dime of cost that is non-core related from your business?

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