Small businesses

New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money.

Small businesses have received nearly $630 billion in combined funding through the Paycheck Protection Program and the Economic Injury Disaster Loan program. Nearly a quarter of small businesses are considering closing permanently due to Covid-19, one survey found. All PPP loans and EIDL loans of less than $25,000 have terms that are relatively favorable to borrowers if they need to close.

The Paycheck Protection Program offered forgivable loans to entrepreneurs whose businesses were affected by Covid-19. Originally it was intended to cover up to eight weeks of payroll costs, rental expenses, utilities and more.
Businesses that received money in April are coming up on the end of their eight-week period. For restaurants and other businesses, it means they’re out of aid before they’re up and running.
Senate Democrats have proposed a new lifeline to allow the hardest-hit firms to apply for a second injection of PPP funding.

Conglomerates learn important lessons, while small breweries and distilleries just try to stay alive

Google's guide for small businesses

The S&P Global Foundation, the charitable arm of S&P Global (NYSE: SPGI), today announced a second round of grants aimed at supporting the global response to COVID-19. In addition to completing the initial allocation of USD $2 million, the Foundation has committed an additional $2M to widen its impact globally and support small businesses in this critical time of need, bringing total contributions to USD $4M.

Letter from Nasdaq President and CEO Adena Friedman regarding the exchange.

H&R Block supports small businesses through the Stand for Small coalitionWith millions of small businesses served by H&R Block and Wave, and our network of franchisees who are small business owners in their communities, we understand the vital role of small businesses in local economies.

H&R Block's page of advice and help for small businesses during tax season and coronavirus.

Small businesses, including our network of dentists, are at the heart of our employee benefits business, and we recognize they have been especially impacted by the coronavirus crisis. As part of our commitment to help provide support during these