SBA to open up $25B EIDL Advance cash grant program to more small businesses
Has the pandemic impacted your business? Todays podcast will give you resources from SBA.gov to qualift for the Targeted EIDL Advance cash grant program. SBA Administrator Isabella Casillas Guzman said the agency was working to improve outreach for the program, and one result will be a large increase in the number of eligible businesses starting in early June 2021. Go to https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan (https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan)and find the Targeted EIDL Advance section.
Steps to qualify:
Applicants may qualify if they:
Are in a low-income community. To help applicants determine if they are in a low-income community as defined in section 45D(e) of the Internal Revenue Code, a mapping tool is available at https://sbaeidl.policymap.com/app (https://sbaeidl.policymap.com/newmaps#/). The business address must be in a low-income community to qualify so SBA encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before they apply; and
Can demonstrate more than 30% reduction in revenue during an eight-week period beginning on March 2, 2020, or later. If an applicant meets the low-income community criteria, they will be asked to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.
Next, SBA is reaching out to those who applied for EIDL assistance on or before December 27, 2020, but did not receive an EIDL Advance due to lack of program funding. These applicants will receive an email from SBA with instructions to determine eligibility and submit documentation. Applicants may qualify for a Targeted EIDL Advance if they meet the low-income location and reduction-in-revenue criteria, and:
Have 300 or fewer employees. Business entities normally eligible for the EIDL program are eligible, including sole proprietors, independent contractors, and private, nonprofit organizations. Agricultural enterprises are not eligible.
All applicants may be asked to provide an IRS Form 4506-T (https://www.sba.gov/document/report-irs-form-4506-t) to allow SBA to request tax return information on the applicant's behalf.
Please do not submit duplicate COVID-19 EIDL applications. Only prior applicants will be considered for the Targeted EIDL Advance.
SBA will reach out if you qualify.
15 Jan 2020
Repairwerkz TechBytes EP28
End of Support for Windows 7, 8 and 8.1 is now in effect for over 446 millions users. That's 29% of computers around the world. Today, I briefly review what it means for users going forward and what you can do if you need to upgrade to Windows 10. Here is a list of resources if upgrading is necessary.
Download our eBooks and watch our short video and join our email list (http://bit.ly/Windows7EndofLife).
Microsoft products that are ending support in 2020 (https://support.microsoft.com/en-us/help/4470235/products-reaching-end-of-support-for-2020?fbclid=IwAR2CRBJGa0SiWzOlYq247H_cluaJU6ReOo52o-DwzjCMIwhZ6-h9lzkwAqE).
Extended Support Updates FAQ from Microsoft. (https://support.microsoft.com/en-us/help/4527878)
Please follow and like us on Facebook (https://www.facebook.com/RepairwerkzTB/) and Twitter (https://twitter.com/RepairwerkzTB)! Thanks again
29 Dec 2019
Repairwerkz TechBytes EP27
This podcast and the next few episodes we will speak on the subject of Windows 7 End of Life support. On January 14, 2020 Microsoft will no longer send security updates to the following:
Windows 7
Word 2010
Excel 2010
Windows Server 2008/R2
Small Business Server 2011
Exchange 2010
Older versions of your favorite Microsoft software will no longer receive security updates in 2020, leaving you vulnerable to hackers. In this eGuide, we share what software is impacted and what to do about it. Go to our Facebook (https://www.facebook.com/RepairwerkzTB/) and Twitter (https://twitter.com/RepairwerkzTB) pages to download the eGuide Are You Vulnerable In 2020?
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