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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

If your US-based business is adversely affected by Covid-19 such that you would need to lay off employees imminently and having access to capital would enable you to keep more employees on the payroll then you might be eligible. Who is this program for and why does it exist? The goal of the program is in the name?—?payroll

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Covid-19 is a marathon, not a sprint, for startups in US, UK and Israel

VC Cafe

Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP. The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups.

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8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. You have an advantage if you can get them on your turf, and even get several key employees to tag-team the presentation. These include food service, retail, consulting, work at home, and telemarketing. Marty Zwilling<

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8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. You have an advantage if you can get them on your turf, and even get several key employees to tag-team the presentation. These include food service, retail, consulting, work at home, and telemarketing. Marty Zwilling.

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The Complete Guide to SBA Loans

Up and Running

What is an SBA Loan? As an independent agency of the government, the SBA partners with both public and private organizations to deliver its services, including loans. An SBA Loan is not a direct loan from the SBA itself. You can apply for an SBA Loan if you are part of a U.S. What can you use an SBA loan for?

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28 Entrepreneurs Reveal the Organization, Communities or Associations they Belong to That Help Support Their Business

Hearpreneur

For business owners under the age of 45, it provides access to a global network and instructional programming. I'm also a member of the Small Business Administration (SBA) and the U.S. Additionally, the structure of the program, with regular check-ins and milestones kept me accountable and on track to achieving my goals.

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What Policymakers Don’t Understand About Small Business

VC Adventure

The current programs, including the Payroll Protection Program authorized by Congress and the Main Street Lending Program from the Federal Reserve, seek to help small businesses and their employees. It does the right thing by, among other things, extending credit to banks involved in the PPP program.