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

YoungUpstarts

You can, however, make sure you do your part in keeping your employees and yourself safe from the disease. During this time, it’s also important to safeguard the morale of your employees. According to NBC News, companies with fewer than 500 employees may apply for forgivable loans of up to $10 million.

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Top Five Mistakes Small Business Owners Are Making During Pandemic

YoungUpstarts

Failure to Access Small Business Administration (SBA) Programs. On June 15, the SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications from all eligible small businesses. Hiding from the Internal Revenue Service. As ‘nothing is certain but death and taxes,” there’s no use hiding from the IRS.

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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. Am I eligible for the PPP Loan? The goal of the program is in the name?—?payroll payroll protection.

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Is Life Insurance Required For Your SBA Loan Approval?

YoungUpstarts

When applying for a loan through the Small Business Administration (SBA), you have to meet some basic qualifications. For example, you need excellent credit , $5 million or less in annual revenue, and a net worth equal to or less than $15 million. Why is life insurance required to get an SBA loan? Applying for an SBA loan?

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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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Is It Time to Hire an Employee?

Up and Running

If you own your own business and find that you simply don’t have enough time on your hands to be able to do all the things you need to do, you may be asking yourself should you hire an employee? . If you’ve already got employees, your question will be similar, when is the right time to hire another employee?

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