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

Both Sides of the Table

There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. There are certainly some people who are publicly saying that VC-backed businesses shouldn’t take government money. shouldn’t I?

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6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

How these six businesses worked with the SBA to grow. The Small Business Administration (SBA) is a federal agency that supports the US economy by aiding small businesses, including offering loans and grants as well as free education, assistance, and other resources. iRobot — From robots to riches.

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Government Grants for Small Business Startups: Finding and Applying for Them

Board Effect

Government grants for small business startups are plentiful if you know where to look for them. Federal, state, and local governments offer many grants for various types of businesses to help boost the economy. Despite what you may have heard, government grants are competitive, but they’re not necessarily out of reach.

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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

Speaking of help, the Federal Government has allotted upwards of $2 trillion to help those struggling in the US economy. Inc has prepared a useful list made up of loans and grants offered by the Federal and state governments and private corporations. Available Financial Assistance.

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Top Five Mistakes Small Business Owners Are Making During Pandemic

YoungUpstarts

Some businesses are open, while others are closed but trying to reopen while the remainder are waiting for the government to allow them to reopen. Failure to Access Small Business Administration (SBA) Programs. The majority of businesses owners do not full advantage of the programs the government is offering.

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How to Write an SBA Business Plan — SBA Template and Checklist

Up and Running

Applying for an SBA loan for your business requires preparation. For most SBA loans, you’ll need to put together a business plan—one that shows how funds will be used and how the business will repay the loan over time. Here’s what you need to know about SBA business plans and how you can maximize your chances for approval.

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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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