- Are VC-Backed Businesses Eligible for PPP Loans?
The centerpiece of the coronavirus stimulus package, the Paycheck Protection Program (PPP) provides forgivable loans to small businesses to help them maintain their payroll. The program’s original appropriation of $349 billion was quickly spent; $172 billion of the second tranche approved by the latest stimulus bill has since been allocated. (That means roughly $138 billion remains available for loans… read more…
- Economic Injury Disaster Loans (EIDLs)
Great news! The Small Business Administration (SBA) has reopened the Economic Injury Disaster Loan (EIDL) program to all small businesses affected by the coronavirus pandemic. Long before the coronavirus business interruption, the EIDL program was providing financial support to small businesses and private non-profit organizations that encountered certain declared disasters. But the Coronavirus Aid, Relief, and Economic… read more…
- Paycheck Protection Program (PPP) Loans
Paycheck Protection Program (PPP) loans were the main small-business provision of the CARES Act, intended to prop up small businesses with forgivable loans. These loans were discontinued in May of 2021 but those who received the loans can still apply for forgiveness today.… read more…
- California Coronavirus Relief Programs
California is one of the early epicenters for the COVID-19 pandemic in the U.S. As of the end of March, 150 people have died of the disease in the Golden State and hundreds are currently in intensive care. The entire state is under a shelter-in-place protocol, which follows an earlier strict shelter-in-place rule put forth… read more…
- Google Pledges $800 Million to Coronavirus Relief
Google is pledging more than $800 million to support small-to-medium sized businesses (SMBs), health organizations and researchers in the midst of the coronavirus pandemic. The package includes $340 million in ad credits for businesses with Google Ads accounts. The company’s announcement comes as the government rolls out relief programs for businesses affected by the coronavirus.… read more…
- Facebook’s Small Business Grants: How to Take Advantage
As the COVID-19 pandemic wreaks havoc across the globe from a public health and economic standpoint, Facebook has stepped up to offer relief to small businesses suffering financial loss. The number of U.S. unemployment claims increased by more than 3 million in just one week, and numerous small businesses, nonprofits and other companies are losing… read more…
- Guide for Those Who Lost Their Job Due to Coronavirus
If you’ve lost your job due to coronavirus-related reasons, you stand in good company (26 million in the past five weeks). So many people are in the same boat, in fact, that federal and state governments have expanded their unemployment benefits as part of their coronavirus relief. What’s more, there is assistance available regarding rent, mortgages and student… read more…
- New York Coronavirus Relief Programs
The State of New York — especially New York City — is one of the epicenters for the COVID-19 epidemic in the U.S. More than 1,000 people have died of the virus in the Empire State, and infections are reaching such a rate that New York City has built a makeshift hospital in Central Park.… read more…
- How Survivorship Periods Work
A survivorship clause in a will or trust stipulates that beneficiaries can only inherit if they live a certain number of days after the person who made the will or trust dies. These clauses aim to avoid situations where your… read more…
- Granting an Early Inheritance With Gifting
Many people are unaware that you don’t have to wait until death to give or receive an inheritance. If you want to start giving to your heirs early, there are several ways you can do so. If you’re considering granting… read more…
- Investing With a Systematic Investment Plan (SIP)
The term “set it and forget it” is ubiquitous in the financial world, and with good reason. Regular contributions to your retirement accounts or investment portfolio can help keep you on the right track for your long-term financial goals. A… read more…
- How Fiscal Policy Works
Most people experience government spending through its fiscal policy, which refers to how a government takes money or spends it. The former happens through taxation, while the latter might include purchases of equipment and facilities and direct hiring. The goal of… read more…
- Equitable Distribution: Definition and State List
The process of divorce can be emotionally and financially draining. It can also be very complicated, as state laws tend to dictate who gets what property, assets and even debt in a split. Equitable distribution is a system by which many… read more…
- Why Is a Trade Deficit Bad?
A trade deficit sounds like a very bad thing. A trade deficit is an economics term which indicates the difference a country’s imports and its exports. If the country imports more than it exports, it has a trade deficit. If… read more…
- What is a Master of Public Administration (MPA)?
The public-sector equivalent of an MBA, the MPA degree, demonstrates expertise in the executive leadership of government entities. It is a master’s level degree in public affairs. It is designed for individuals who already possess leadership, economic and quantitative analysis… read more…
- Open Architecture Financial Advisor Firms
If you’re looking for a financial advisor to work with, there are a number of important questions to ask. For example, it’s helpful to understand how advisors get paid and how they communicate with clients. However, consider asking if they… read more…
- Coronavirus Small Business Relief: SBA Loans
Update: The Small Business Administration stopped accepting applications to the Payroll Protection Program (PPP) as of the end of August 8. It still has roughly $134 billion in unused funding though, so Congress may extend the deadline again. Stay tuned for updates. As COVID-19 pandemic restrictions are being lifted (and some are being reinstated), many small… read more…
- Stock Dilution: Can It Happen to You?
Stocks can play an important part in diversifying a portfolio. Share prices can fluctuate, depending on various market movements. But there’s something else that can affect what your stocks are worth: dilution. Stock dilution can influence the value of each… read more…
- Third Stimulus Check Calculator: How Much Will I Get?
President Joe Biden signed the American Rescue Plan into law on March 11. The plan includes a third stimulus check that pays up to $1,400 for individuals and $2,800 for couples. Single taxpayers earning more than $80,000 and joint taxpayers making over $160,000 will not get a stimulus payment. Heads of household with an income… read more…
- How to Protect Your Credit During the Coronavirus (COVID-19) Crisis
The coronavirus pandemic has upended the U.S. economy, as many Americans have already been laid off, furloughed or had their wages cut. Others are getting sick and being forced to take time off of work. As a result, bills may go unpaid, leaving your credit score open to negative movement. So during this time, it’s important… read more…
- A Guide to Paid Sick Leave for Coronavirus
As the COVID-19 outbreak continues, a growing number of Americans are unable to work and are thus exploring avenues of coronavirus relief. Some are sick, waiting to find out if they are sick or under quarantine orders, while others have to stay home to care for family members who are sick, quarantined or home from… read more…
- Coronavirus Stimulus Checks: How Much You’ll Get, and When
Congress has approved two rounds of stimulus checks. The first round included a $1,200 payment from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law last March. And now, President Trump has signed a second $900 billion economic relief package on December 27 that includes another stimulus check paying up to $600 per… read more…
- Coronavirus Relief for Businesses
To be a business owner during the coronavirus pandemic is to be in serious financial straits. That is, unless you’re in the business of selling groceries, medicine, other essentials or streaming services. As the country reopens in fits and starts, Main Street is not expected to rebound right away. The lost revenue, for big and small businesses, is… read more…
- Coronavirus Stimulus Package: What You Need to Know
In an effort to help curb the economic effects of the coronavirus pandemic, President Donald Trump signed a coronavirus stimulus package called the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act is the biggest rescue package in U.S. history with a staggering price tag of $2 trillion. The legislation seeks to provide… read more…
- Enhanced Unemployment Benefits During the Coronavirus Crisis
Due to the coronavirus-caused business interruption and the massive layoffs that ensued, millions of Americans filed for unemployment claims in 2020 – many for the first time in their lives. In fact, data from the U.S. Department of Labor (DOL) showed that in just five weeks (late March through April), the number of initial unemployment… read more…