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Category: COVID-19

The PPP Forgiveness Portal Is Now Open: 5 Tips for What to Do Next

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Author
xendoo Team

The federal Payment Protection Program (PPP) ended on August 8, 2020. Although no new applications are being accepted, the thousands of small businesses who already received a loan — and the banks who issued those loans — must now make decisions about the process of obtaining loan forgiveness. The federal Payment Protection Program (PPP) was […]

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What do I need for my PPP application?

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Author
xendoo Team

Important Update (Updated 4/24/20) On Thursday, April 23rd, the House approved a $484 billion package to help small businesses. This includes $310 billion for additional Paycheck Protection loans. The SBA has yet to re-open the application process. We will continue to update this post as we learn more. READ MORE HERE One of the most […]

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Paycheck Protection Program

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Author
xendoo Team

Important Update As of 4/31/21, SBA is unable to accept new applications at this time for the Paycheck Protection Program based on available appropriations funding. READ MORE HERE Loan Information This loan is designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all […]

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CARES Act – Everything You Need to Know

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Author
xendoo Team

The CARES Act does the following: • Many U.S. residents will receive $1,200 (or $2,400 for joint filers) plus $500 per child under age 17. This benefit will be reduced as taxable income exceeds $75,000 for singles and $150,000 for marrieds filing jointly. Singles who have taxable incomes above $99,000 and marrieds filing jointly who […]

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COVID small business resources from the commercial sector

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Author
xendoo Team

Facebook $100 million in cash grants and ad credits for small businesses. Go to the Small Business Grants Program page to sign up for notification when applications are open. James Beard Foundation Food and Beverage Industry Relief Fund is in the works. Sign up to receive grant criteria and application materials when they are ready. […]

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