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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. There are certainly some people who are publicly saying that VC-backed businesses shouldn’t take government money.

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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

You can, however, make sure you do your part in keeping your employees and yourself safe from the disease. During this time, it’s also important to safeguard the morale of your employees. Speaking of help, the Federal Government has allotted upwards of $2 trillion to help those struggling in the US economy.

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6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

How these six businesses worked with the SBA to grow. The Small Business Administration (SBA) is a federal agency that supports the US economy by aiding small businesses, including offering loans and grants as well as free education, assistance, and other resources. iRobot — From robots to riches.

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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

The great news about this program is that the loan will be forgiven if it’s used in this manner, so if you’ve already let your employees go, you can bring them back and pay them using this money. In addition, you can look for state-level programs through your economic development corporation or your state government.

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Covid-19 is a marathon, not a sprint, for startups in US, UK and Israel

VC Cafe

Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP. The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups.

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The Latest Questions Small Businesses Are Asking

Up and Running

Company culture is defined as the shared values, beliefs and practices of company employees including management. Company culture changes as the employees in the business change, as management makes strategic decisions and as the business environment shifts. Look for common employee behaviors.

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What to Do When You Need a Disaster Loan

Up and Running

The process is approachable (I will go into more detail below) and has a relatively short turn around, but the SBA does have loan requirements for eligibility. In addition to assisting businesses in recovery, the SBA does provide home and personal property loans. Federal regulations in the U.S. Leasehold improvements. Details here. .

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