|Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness|
If you received the Payroll Protection Loan (PPP) make sure you are taking the necessary steps to apply for loan forgiveness.
A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.
You can find more information on the SBA Website.
by Kelly Dies, Soundpoint Consulting
A dollar is a dollar. That’s true. And, all revenue is equal. Right? Well no, not in an investor’s or potential buyer’s eye. So what makes some revenue good and other revenue better?
Recurring revenue is highly desirable because is it known and predictable. The best example of this is an auto-renewal fee or service charge periodically charged directly to a customer’s credit card. Once the initial sale is complete there are no more costs to acquire a customer. The revenue stream is much like an annuity. Continue to provide the goods or services as promised and the revenue keeps coming in.
Great examples of this are insurance premiums and streaming fees. Once customers have decided to purchase the product – and assuming they remain content, they are happy to have their credit card billed automatically.
In contrast, consulting and attorney fees are often one-time in nature. Revenue ceases when the project is complete and the engagement ends.
The American Rescue Plan Act established the Restaurant Revitalization Fund to provide funding to help restaurants and other eligible businesses keep their doors open.
During this live webinar we will discuss:
- What is the Restaurant Revitalization Fund
- Who is eligible to apply
- How much money you can get
- How funds can be used
- How and when to apply
- Where to get help with your application
Staff from SBA will be answering your questions live throughout the presentation with dedicated Q&A time at the end.
Who should attend: Current small business owners who have experienced pandemic related revenue losses who own a restaurant, bar, and other similar places of business that serve food or drink.
What you should know about
April 9 deadline for Working Washington Grants: Round 4
The application portal is still open! This program is administered by the state Department of Commerce and focuses on brick-and-mortar for-profit small businesses, especially those that were required to close due to public health and safety measures. Grant awards will be up to $25,000. Visit commercegrants.com for information. Materials are available in multiple languages and technical assistance teams are ready to help with questions.
WSDA COVID-19 Relief and Recovery Grants for ag-related sectors
The Washington State Department of Agriculture (WSDA) is offering grants to small agriculture-related businesses in sectors that have suffered economically due to the coronavirus pandemic, but have been left out of earlier relief programs.
The WSDA Relief and Recovery grants, funded through a partnership with the state Department of Commerce, are intended to assist small businesses in four agriculture sectors, which include:
- Shellfish growers
- Farmers market organizations
- Agritourism farms
- Small breweries, cideries, wineries, and distilleries that depend on tap and tasting room sales
The application period for the WSDA grants will be open for two weeks, beginning as soon as Friday, April 9. Visit agr.wa.gov/grants to learn more.
Eats Shoots and Leaves vs. Eats, Shoots and Leaves.
What a difference one comma can make in terms of readability and even meaning.
The above is the title of Lynne Truss’ book about grammar. Like many people, I am on social media, and notice misspellings and typographical errors. I don’t actually correct these errors, as I understand that people often dictate posts and messages into their phones. It does seem to me, though, that proofreading has fallen on hard times. Using my own skills, I attempt to help when appropriate.
Naturally, I proofread my own papers when in school, and even other classmates’ writing occasionally. The first time I remember realizing this is my particular skill is in college. If only I’d been on the college yearbook staff!
In my current nostalgia, brought about by remembering happy times before COVID-19 lockdowns, I’ve revisited college yearbooks and unfortunately noticed many errors. I even took to marking corrections in my old yearbooks. After so many years, it wouldn’t hurt anyone, right? Continue reading
Your Go-To Resource for Small Business Recovery
Small businesses are the backbone of Washington’s economy and many have been devastated during the pandemic. Many have closed, others are barely hanging on. Small businesses owned by people of color have been particularly impacted. In response, Congress has passed several aid packages and the State of Washington has provided relief, along with many local communities. But resources can be difficult to find, and the applications can be challenging to navigate.
On this website you’ll find answers to frequently asked questions, information on how to find individual technical assistance, how to find a lender, training opportunities and where to find more detailed program information.
Our goal is to help as many Washington small businesses and non-profits as possible access the help they need.
Click here… https://www.smallbizhelpwa.com
WorkSource Kitsap is hosting a Virtual Job Fair for Kitsap County businesses that have positions open. The event is set for 30 March 2021, from 10 a.m. until 2 p.m.
Please complete the interest form via the link below. Once complete, we will register your business on Brazen.com where you will complete your “virtual booth”. We will hold weekly information sessions to offer assistance for the setup of the event.
Limited booths available. We have 50 booths that can host multiple staff from your company. Again, this is not a link for job seekers, that will come in the following week.
This link will lead you to a fillable form to express interest in participating.
Accelerate Kitsap (https://acceleratekitsap.weebly.com/) is a recently relaunched non-profit organization focused on providing education, information and guidance to budding entrepreneurs and emerging start-up and existing small businesses in Kitsap County and throughout West Sound. The organization will be updating its web site and adding new board members in the months ahead.
This year the event is VIRTUAL for the first time!
Join hundreds of experts and thousands of small business owners and managers from home – or anywhere.
MEET with mentors, advisors, trainers, educators, fellow small business owners, and entrepreneurs.
LEARN from savvy business experts who will share their knowledge and real-life experiences.
CONNECT with federal, state and local government agencies to find out about starting a business or contract opportunities.
FIND OUT how non-profit organizations can help you with funding, legal support, and more.
NETWORK with Chambers of Commerce, Economic Development Authorities and statewide Business Associations.
CHECK OUT the Digital Marketplace for products and services to help you do business.
NO COST TO ATTEND! – NONE – NADA – ZIP
If you would like to register to attend the 24th Annual
Washington State Small Business Fair, use this link. Register Here