New business license listings fresno ca population

#New business license listings fresno ca population full#

The program ended with more than $100 billion still unexpended. On July 3, 2020, Congress extended the deadline to apply for a PPP loan to August 8, 2020. By June 23, there was still roughly $128 billion still available in the Paycheck Protection Program and 3) borrowers had until Decemto apply for loan forgiveness, a six-month extension beyond the original deadline. On June 5, the Paycheck Protection Flexibility Act became law, making PPP loans more flexible in three important ways: 1) businesses needed to spend only 60 percent of the loan amount on payroll 2) extending the period of time over which they must use the loan from eight weeks to 24 weeks. Businesses could apply for the program through qualified SBA lenders. In addition to using loan proceeds for payroll expenses, business owners could use loans for rent, utilities, mortgage payments, and other essential business expenses.

#New business license listings fresno ca population full#

Loans made to businesses that maintained their payroll levels for at least eight weeks, through Jand that spent at least 75 percent of their loan on payroll were eligible for full forgiveness. Businesses could apply to borrow up to 2.5 times their average monthly payroll costs, up to $10 million. On April 23, Congress approved legislation to replenish the Program with an additional tranche of $320 billion, bringing the total to $670 billion. The ProgramвЂ™s small business was exhausted within two weeks, making 1.6 million loans. The application process opened on April 3rd for small businesses and sole proprietors and on April 10 for independent contractors and self-employed workers. Paycheck Protection Program: Part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, the first tranche of Paycheck Protection Program provided $350 billion in government-backed loans to help small businesses pay their workers and cover fixed expenses. The American Rescue Plan of 2021, enacted on March 11, 2021, amended and extended the tax credits for wages paid between April 1 вЂ“ September 30, 2021. Certain self-employed individuals in similar circumstances are entitled to similar credits. Workers may receive up to 80 hours of paid sick leave for their own health needs or to care for others and up to ten additional weeks of paid family leave to care for a child whose school or place of care is closed or child care provider is unavailable due to COVID-19 precautions. Tax credits for required paid leave by small and midsize businesses: The Families First Coronavirus Response Act (FFCRA), signed into law on March 18, 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19. If you like this list, be sure to sign up for the monthly Hometown Advantage newsletter for our latest reporting and research.ДЄs part of its COVID-19 response, Congress has created several small business relief programs since March 2020: Many of these grant and no-interest, deferred-repayment programs have already been exhausted, but we are including them in this list as potential models for new programs Programs that offer no-interest loans, with deferred loan repayment, are also in great demand, serving as bridges until federal aid is available. Grant programs are in greatest demand and are almost always depleted within hours or days. If you know of additional programs, or if you have updates on the status of any of the programs included here, please email. We are compiling an ongoing list of grant and loan programs that can help small, locally owned businesses weather the COVID-19 pandemic. For ideas on what local leaders can do to safeguard small businesses during the pandemic, check out our latest report:Дў6 Strategies For Local Leaders to Help Small Businesses Weather the Pandemic.