Texas allows more businesses to re-open May 8th with safety guidelines in place
Gov. Greg Abbott announced on Tuesday that people in Texas can start getting haircuts this Friday. Texas hair salons, barbershops, nail/tanning salons can reopen May 8. The new order does not require salons to open. There will be one customer per stylist, people can only wait inside if they maintain social distancing and appointment scheduling is encouraged to […]
PPP loans were meant for small businesses, not big corporations
Treasury Secretary Steve Mnuchin expressed his disappointment or anger with large companies that applied for and were granted Payroll Protection Program (PPP) loans during a CNBC interview Tuesday morning. His comments came following numerous reports of larger companies and organizations being granted PPP loans. He did voice his appreciation for the PPP funds returned to […]
Where Loans for Small Businesses Are Going
An interesting article by the Wall Street Journal detailing who is getting the Small Business Loans, what industries, and how much they are getting. Authors – Anthony DeBarros and Yuka Hayashi April 15, 2020 Most of the federally guaranteed small business loans approved so far are for less than $350,000, with the construction industry the biggest beneficiary, according […]
More money for Texas small businesses!
Texas Governor Greg Abbott announced Monday that $50 Million of private, forgivable loans will be made to Texas small businesses that have been adversely impacted by the Coronavirus. These new loans will be issued primarily to avert Texas workers from being laid off or terminated. This new initiative is being offered through the SBA and […]
Millions of Americans to receive relief funds this week!
According to the U.S. Treasury Department, by mid-week 10’s of millions of Americans will have received their CARES Act relief funds. The IRS started depositing the first wave of stimulus checks into American’s bank accounts on Saturday April 11th. Those initial deposits were being made to the bank accounts on file for those who filed […]
HOLD ON SMALL BUSINESSES. The Cavalry is on the way!
Today (Thursday April 9th) Federal Reserve Chairman Jerome Powell shared that the government has set up new loan programs and reinforced existing ones by approving $2.3 trillion in funding and lending support for businesses and the economy. Basically, the U.S. Treasury Department is providing much needed support by using the central bank’s powers to fight […]