financial

A collection of 48 posts

covid-19

Ultimate Guide to the New Stimulus Proposal

On Monday July 27th, Republicans unveiled their proposal for the new $1 trillion stimulus bill. The focus is on jobs, healthcare, and kids and it details funding in many critical areas. This is not the final bill — but the items in this include much of the meat that is likely

financial

Good News for Small Businesses - There Will Be Another PPP Loan Opportunity

Today, Republicans released the draft outline [https://int.nyt.com/data/documenttools/republican-draft-virus-aid-bill-july-23/108442ddd33342bd/full.pdf] of the latest stimulus bill. While we heard rumors in June that there would be another opportunity for businesses to take PPP loans, we're finally getting

covid-19

Small Biz Corner: How are Small Businesses Pivoting in the Face of COVID-19?

The COVID-19 crisis is causing unprecedented economic strife across the US and beyond, leaving many small businesses at risk of permanent closure. [https://helloskip.com/blog/half-of-small-businesses-are-in-survival-mode-heres-what-you-can-do-to-help/] But entrepreneurs are not accepting defeat easily. We

financial

SBA EIDL vs SBA 7(a) Loans: What's the difference and should I apply for either loan?

Are you a small business looking for more financial assistance options as you navigate the COVID-19 pandemic? This is another post in our coverage of financial grants, loans, and assistance to help you. In particular, this post will discuss the less talked about SBA 7(a) loan option which

covid-19

The SBA Has Ended the EIDL Advance Program

Friday July 24 UPDATE: Correct Link to the new Stimulus, EIDL, PPP news [https://helloskip.com/blog/good-news-for-small-businesses-there-will-be-another-ppp-loan-opportunity/] . _________________________ Over the weekend, the SBA issued a press release that it had ended its EIDL Advance program. According to the release

covid-19

2019 Taxes Are Finally Due this Week: Here's What You Need to Know About the Extended Deadline

After being extended for months due to COVID-19, federal taxes for 2019 are finally due this week, on July 15th. Most state taxes are also due this week. Despite the ongoing crisis, the IRS has made it clear they are not considering a further extension of the filing deadline

covid-19

Unemployment is Still High—and Probably Even Higher Than The Data Is Showing

For months, millions of Americans have been unemployed due to the COVID-19 pandemic. And the tide of unemployment claims shows no signs of slowing down; today’s numbers [https://www.cnbc.com/2020/07/09/weekly-jobless-claims.html] show 1.3 million claims filed in the US last

covid-19

Beyond the PPP: Other Funding and Support Options for Small Businesses

The Paycheck Protection Program has helped millions of small businesses to stay afloat through the pandemic, but for many the loans aren’t enough. Our data [https://helloskip.com/blog/half-of-small-businesses-are-in-survival-mode-heres-what-you-can-do-to-help/] shows that nearly half of

covid-19

Support Small Businesses with Skip’s New Business Listings

Small businesses are a major driver of the American economy and important tenets of their communities. Together, small businesses account [https://www.mckinsey.com/industries/financial-services/our-insights/tracking-us-small-and-medium-sized-business-sentiment-during-covid-19#] for 48% of the US economy and employ 60 million

financial

Step-by-Step Guide to the PPP Loan Forgiveness Application

On June 16, 2020, the SBA issued their brand-new PPP Loan Forgiveness guidelines and form. This included a relaxing of the small business restrictions to rehire employees. Now, it it easier for small businesses to get full forgiveness even if they cannot rehire all of their employees. Watch the

financial

The SBA Has Started Accepting EIDL Loan Applications From All Businesses, Again

The 2 month wait is over! Today, the SBA announced [https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sbas-economic-injury-disaster-loans-and-advance-program-reopened-all-eligible-small-businesses-and?utm_medium=email&utm_source=govdelivery] that it is reopening it's

financial

How to Recession (and Pandemic)-Proof Your Credit Cards

As we covered yesterday, the United States has officially been declared in a recession. [https://helloskip.com/blog/what-is-a-recession-and-what-does-it-mean-for-your-finances/] And of course, we've been dealing with the economic impacts of COVID-19 for months. As we navigate

financial

The SBA Has Finally Published EIDL Loan Distribution Data

If you're one of the millions of small businesses or sole proprietors still waiting for word on your EIDL loan, here's some news straight from the SBA. While this data release from June 6th [https://context-cdn.washingtonpost.com/notes/prod/default/documents/6c8fa204-0c48-4253-

covid-19

The Latest PPP Data: What States Have Received the Most PPP Funding and How Much Funding is Left?

The Small Business Administration (SBA) has released the latest data on Paycheck Protection Program (PPP) loan distribution. There are a few important takeaways that are important for your business - including which states are getting the most funding and how much funding is left. Let's dive in. The PPP

financial

The Best Ways to Keep Your Finances in Great Shape, However You've Been Impacted by COVID-19

Whether you're working from home, working less hours, working more hours or not working at all, it is important for all of us to be proactive about our finances during difficult times (like a global pandemic). That's why we teamed  with Freya Kuka, successful finance blogger

financial

The Top Financial Mistakes People are Making During the Coronavirus Pandemic

Although cites and states around the country are slowly emerging from stay at home and shelter in place orders and allowing businesses to reopen, many are still facing tighter budgets right now than they have in years, especially young people and recent graduates, who are entering an incredibly difficult job

financial

4 Things To Know About the Paycheck Protection Program Flexibility Act

The Paycheck Protection Program Flexibility Act [https://www.whitehouse.gov/briefings-statements/bill-announcement-98/]was passed today, in order to help the tens of thousands of small businesses that took PPP loans. Here are the 4 big changes in the PPP Flexibility Act that you need to know about.

financial Featured

Latest SBA EIDL Advance Status Based on Self-Reported Application Numbers

Around 4 million small businesses applied for the SBA's Economic Injury and Disaster Loan (EIDL) program starting on March 29th. All of these applicants were eligible for the up to $10,000 Advance (otherwise known as a grant) prior to getting the SBA EIDL Loan. Here we provide

financial

The Biggest Money-Saving Move You Can Make Today in Quarantine

If you're like millions of other Americans,  you might be facing a tighter budget right now. That can be scary, but the good news is that there are things you can do to help you ride things out. And you might just find you like your new cost

financial

Your Guide to Student Loans and Coronavirus

If you have student debt, you may be concerned about paying your loans in a national health crisis. The good news is, you may not have to.  Read on for all the info you need on navigating your student loans in the pandemic. Federal Student Loans and The CARES Act

financial

Referral Programs to Get Extra Cash in Your Pocket this Week

With unemployment high and rising every day, more and more Americans are feeling the financial stress of lost income and bills to pay. If you're one of them, we can help: there are many companies that will pay a referral bonus  for every friend you refer to use

financial

Managing Your Budget During a Global Pandemic

Are you living on a tight budget during the coronavirus lockdown?  We understand.  To help you manage your money and deal with the unexpected costs of life in quarantine, we've gathered some tips and tricks on how to manage--and maybe even save– your money through the coronavirus

financial

The Ultimate Unemployment Guide for Everyone Laid Off From Lyft, Uber and other companies

Unemployment around the US is continuing to rise, with announcements today from both Lyft and Uber of major layoffs  (Lyft is laying off 17% of the company, and Uber is expected to lay off 20%). TripAdvisor [https://www.thestreet.com/investing/tripadvisor-layoffs-coronavirus-pandemic] laid off 25% of their