SBA.GOV Entity name An entity name can protect the name of your business at a state level. Depending on your business structure and location, the state may require you to register a legal entity name. Your entity name is how the state identifies your business. Each state may have different rules about what your entity name can be […]
Continue readingGet financial assistance after a disaster
SBA.GOV You may be eligible for a low-interest disaster recovery loan through the SBA for damaged and destroyed assets in a declared disaster. These include repair and replacement costs for real estate, personal property, machinery, equipment, inventory, and business assets. Check to see if one of these loans apply . Home and Property Disaster loans […]
Continue readingLGBT inclusion and outreach
SBA.GOV SBA’s Network for LGBT Businesses aims to bring focus on economic empowerment in the LGBT business community by providing access to the SBA’s programs and services. Business owners can use our local assistance tool to find nearby offices and resources. There, you can get counseling on whether our 8(a) Business Development Program is right for you. The SBA […]
Continue readingChoose your funding source
SBA.GOV Get loans, credit, or crowdfunding Additional funding options for existing business are similar to funding options for a new business. You’ll have the same general set of options, which include small business loans, credit cards, and crowdfunding. Existing businesses have the advantage of an established financial history with credit reports, business bank accounts, and internal financial reports. […]
Continue readingPrepare to request more funding
Anyone who gives you funds wants to feel confident that their investment will pay off. Prepare a business case and financial statements to convince lenders, crowdfunders, or investors to fund your small business. Make your business case You’ll need to make a solid business case for more funding. Produce a short statement with the total […]
Continue readingDeciding to Go Out
CDC.GOV As communities and businesses are opening, you may be looking for ways to resume some daily activities as safely as possible. While there is no way to ensure zero risk of infection, it is important to understand potential risks and how to adopt different types of prevention measures to protect yourself and to help […]
Continue readingDifferences between mergers and acquisitions
SBA.GOV Mergers and acquisitions are similar but have a few major differences. Mergers combine two separate businesses into a single new legal entity. True mergers are uncommon because it’s rare for two equal companies to mutually benefit from combining resources and staff, including their CEOs. Unlike mergers, acquisitions do not result in the formation of […]
Continue readingCoronavirus (COVID-19): Small Business Guidance & Loan Resources
SBA.GOV Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. Content Coronavirus Funding Options Guidance for Businesses and Employers Local Assistance Join the SBA’s Relief Efforts SBA Products and Resources […]
Continue readingHow to Prepare-Here is what you can do to prepare your family in case COVID-19 spreads in your community.
CDC.GOV Checklist to Prepare Find Local Information Know where to find local information on COVID-19 and local trends of COVID-19 cases. Follow Official Sources for Accurate Information!Help control the spread of rumors. Visit FEMA’s rumor control.Beware of fraud schemes related to the novel coronavirus (COVID-19). Visit Office of Inspector General’s COVID-19 fraud alert. Know the Signs & Symptoms Know […]
Continue readingSmall Business Cybersecurity-Common Threats
SBA.GOV Cyber attacks are constantly evolving, but business owners should at least be aware of the most common types. Malware Malware (malicious software) is an umbrella term that refers to software intentionally designed to cause damage to a computer, server, client, or computer network. Malware can include viruses and ransomware. Viruses Viruses are harmful programs […]
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