Despite the $349 billion allocated to small businesses in the U.S. Small Business Administration’s Paycheck Protection Program, an overwhelming number of business owners across the country have found themselves on their own. They have received nothing. Some were told they had missed the first round of funding and then watched as institutions like Harvard and large public companies received millions of dollars.
Between social distancing practices, intermittent shutdowns, and disappointing stimulus packages, devasted business owners are trying to stay afloat and get to the other side of this crisis. To make matters worse, lender and investors that are typically more than happy to work with small business owners have put temporary holds on new funding. This has caused business funding options to be even scarcer than usual.
Here are a few different options if your business needs quick capital to boost cash flow and keep things running as smoothly as … Read the rest