Small Business News

Columbus business owners receive award for entrepreneurial spirit

With dreams of becoming successful entrepreneurs, Eduardo and Mary Rosa Morales opened their photography business, Venemex Productions, in Columbus, Nebraska, in 2008.

A year later, they discovered their business could benefit from training and guidance from the Center for Rural Affairs’ Rural Enterprise Assistance Project (REAP). Through years of hard work, commitment to their business, and some help along the way, their entrepreneurial dreams have come true, and the business owners are being recognized for their dedication.

Center offers Express Loans up to $10,000, Small Business Administration payment relief

You can count on our relentless commitment to you and your business during this unpredictable time.

I want to let you know about our Express Loans. Qualifying loans may be eligible for up to six months of payment assistance from the Small Business Administration under the Small Business Debt Relief Program of the CARES Act. These Express Loans are available to new and returning borrowers.

You can start an application at: cfra.org/onlineapplication

Paycheck Protection Program — A lifeline for rural business

The bread and butter of rural communities are small businesses and the COVID-19 pandemic is presenting challenges that are out of their control.

There’s one tool that may be able to help—the Paycheck Protection Program (PPP), which was signed into law on March 27 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Small businesses with up to 500 employees, including sole proprietorships, who were in operation on Feb. 15 and negatively affected by COVID-19 may apply for the forgivable loans.

From the desk of the executive director: coronavirus upheaval threatens small businesses

The economic crisis brought on by COVID-19 threatens the long-term prosperity of small businesses in our communities. The initial government action falls short of what our communities need.

The CARES Act, signed into law on March 27, 2020, included $500 billion for relief to big corporations and $377 billion for relief to small businesses.

Small businesses: PPP funds are exhausted, now what?

As of Thursday, April 16, the U.S. Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) had reached the maximum loan limit authorized by Congress, just 14 days after small businesses were first able to apply.

The program was created as part of the CARES Act, signed into law on March 27, 2020, which included $377 billion in relief to small businesses, with $350 billion of that allocated to the PPP.

Congress is debating a proposal to add $250 billion to the program. Action could come as soon as next week.

Pages

Get The Newsletter?