Announcing the SBA Gave Out $4.5 Billion in Needless EIDL Loans in 2020 to sole proprietors and independent contractors that didn’t have it coming is pouring more salt on the wound for many small business owners.
According to the Office of Inspector General, 15 sole proprietors claimed to have had 1,000,000 employees without an Employer Identification Numbers (EIN). Forty other applicants claimed to have had more than 100,000 employees.
The impact to small business owners was the over disbursement depleted the available EIDL funds. This of course meant these deserving owners couldn’t get the money they needed and deserved.
Small Business News – October 15, 2021
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If you were denied for all or part of the money on your PPP loan forgiveness application, your appeal must be timely. You have 30 days to appeal. The clock starts when you receive written notification from the Small Business Administration (SBA).
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2021 Holiday Shopping Predictions for Small Business Owners
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This Company Will Pay You $500 if You Don’t Like Their Service
Park Place Payments, a payment processing company founded and ran by women, has furthered its commitment to customer support. Through its Customer Experience Guarantee service, Park Place Payments will pay their merchant clients $500 if they are unhappy with the service the company provides after the first six months.
COVID and the Gig Economy – By the Numbers
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How Your Small Business Can Accept Any Form of Digital Payment
Financial payment systems have been going digital for the past 5 years and now has sped up since COVID. Unfortunately, so many small businesses are still behind in accepting all digital forms of payment that customers and vendors want to use and it’s hurting their company.
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I have a clothes shop so I’m ready for winter garments this is really helpful.