🚀 Here are my best finds for a Tech Smart Boss this week — Issue #178
👋🏼Hello Tech Smart Bosses,
Last week’s newsletter focused on resources for remote work, this week we’re highlighting some of the best articles on business loans and relief provided.
They are US-based, if you are located elsewhere and have a list please send them to me, I’ll be happy to add in our Facebook group.
Thanks and stay safe and healthy!
Top Articles of the Week
How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven — www.entrepreneur.com
It’s the best funding option to keep employees on payroll and small businesses open.
COVID-19 Loan and Relief Resources for Small Businesses: A Comprehensive List — gusto.com
Coronavirus is hitting small businesses particularly hard — but government and private entities are finding ways to help. This spreadsheet contains the latest coronavirus loan and relief resources for small businesses.
The CARES Act: Retirement Plan Impacts — Uniglobal — www.uniglobal.com
The CARES Act — Loan Limits Increased, RMDs waived, and more Retirement Assets made available to qualified retirement plan participants
Cool Tech of the Week
If you’re in the US and a small business under 500, you are probably eligible for the Payroll Protection Program (PPP), a new law passed as part of the COVID-19 relief package.
Things are still very much up in the air regarding the implementation of the program, but the best course of action is to work with your existing business bank, assuming they are able to process the loan.
Our payroll provider, Gusto, teamed up with Fundera and offered them as a potential choice if you are having issues with your business bank in getting the help under the PPP.
So as part of the theme of the this week’s issue, I’m naming Fundera as our Cool Tech of the Week. I’ve never used them, and if you listen to our podcast you know I don’t recommend debt as a business solution, but for this particular PPP loan which under certain conditions does not have to be repaid, perhaps it’s something to check into.
Fundera: Compare Your Best Small Business Loan and Credit Card Options — www.fundera.com
Discover the financial options you never knew you had and make your best business decisions yet. It’s easy, free, and won’t affect your credit.
That’s it for this edition
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