As small businesses across the country are grappling with the current and potential impacts associated with COVID-19, NFIB is continuing to track the latest developments from federal healthcare officials, Congress and the Administration. We know small business owners are acting now to take necessary precautions, but also need to understand how actions taken by policymakers today affect business operations down the road.
On this page, you will find up-to-date resources from NFIB and federal government agencies. Throughout this time, NFIB will continue to offer webinars, legislative monitoring, and additional resources.
If you have any questions regarding your business and COVID-19, please contact NFIB’s Small Business Legal Center at 800-552-NFIB ( 1-800-552-6342 ).
To become a member, contact your NFIB Rep (3A687) Terry Scott using the contact information (phone number) in the picture above. He can assist you regardless of what state you are in.
We apologize in advance if you need to leave a voice mail.
If you are a business owner, you need to be a member of NFIB (you'll read why below). If you are a member, you need to tell others to join NFIB (you'll also read why below).
Good Morning, NFIB. Today’s clips include NFIB’s letter sent to Small Business Administration Administrator Jovita Carranza, the SBA loan program resuming with more funding, governors’ plans for reopening, and more…
NFIB issued a statement on a letter sent to Small Business Administration Administrator Jovita Carranza on behalf of NFIB President Brad Close: “NFIB requests the SBA make available both returned PPP loans and prepaid disbursements to small business owners who have not yet received one.” The statement includes a link to a new NFIB video that spotlights small businesses’ plight after delays and lack of funds. Watch the full video here.
The Los Angeles Times reports on the SBA loan program resuming with new funding, highlighting that the loan would be forgiven if employers maintain at least their pre-pandemic payroll for eight weeks after the loan is given. Director of Research and Policy Analysis Holly Wade said the rule “is very restrictive for many small business owners who aren’t up and running yet. The rehiring back to pre-crisis levels is a heavy lift for many businesses.”
In the States:
Spectrum Local News in Charlotte, North Carolina quotes NFIB President Brad Close on the additional funding approved by the U.S. Senate for SBA loans: “This could well be gone by middle-to-end of next week or even earlier, depending on how many applications go through quickly,” said Close. “Congress will probably have to re-examine this in the future.”
Michigan State Director CharlieOwens spoke to Moody on the Market on NFIB urging the state’s House of Representatives to pass bills that “would repeal Public Act 302 of 1945, reducing from 28 days to 14 days, the period that a state of disaster or state of emergency could remain in effect without a resolution from both chambers of the state legislature.” Owens said, “Unfortunately, efforts to address the serious situation with the COVID-19 outbreak has resulted in unilateral actions by the executive office with little consultation or cooperation from legislative leadership.”
NFIB connected New York member Michael Theiss, General Manager of Manny’s University Sport Shop, with the Syracuse Post Standard to discuss the difficulties of rehiring employees who are reluctant to return to work because of an unprecedented boost in unemployment benefits approved by Congress. “The retail jobs don’t pay a tremendous amount, so most of our staff is staying home doing nothing,” Theiss said. “I don’t blame them. It’s tricky. I don’t know how we’re going to bring people back. The extra $600 is the killer.”
State Director GregBiryla said, “NFIB is hearing more and more from small businesses across New York who are worried that workers won’t want to return because of the generous federal unemployment insurance supplement.”
Insider NJpublished a release from NewJersey State Director EileenKean thanking state Senators for requesting that Gov. Phil Murphy allow some low-risk businesses to open: “These businesses hope to start moving beyond the dire economic circumstances the pandemic created, and they will certainly comply with any safety measures that are required if they can reopen. Thanks to Senate President Sweeney and the other Senators who are calling for these first few businesses to reopen at this point.”
The Associated Press quotes Louisiana State Director DawnStarns in a piece on the small business community's reaction to the planned loosening of coronavirus restrictions: “Small business owners are going to look at that and say, ’It’s not worth my time or cost to get to that level to reopen.′ So they’ll stay closed or with curbside service.” This article was syndicated to Biz New Orleans.
Tennessee State Director JimBrown was a guest at Nashville Mayor John Cooper's daily coronavirus briefing. Brown discussed PPP loans and NFIB's legislative agenda for helping small businesses survive the COVID-19 outbreak. Watch the full briefing here.
Several outlets in Florida report on Gov. Ron DeSantis' plan to begin rebooting the state economy:
“We’ll eagerly await for whenever he is ready to reopen Miami-Dade, Broward, and Palm Beach. As long as public health dictates, we’ll take the parts of the state that the governor is ready to open,” said Florida Executive Director BillHerrle to the South Florida Sun-Sentinel. This article was highlighted in Politico’s Florida Playbook.
Herrle told Florida Politics: “Small business owners across the state will be very pleased with the announcement from the Governor that he is opening Florida for business on Monday, May 4.”
Herrle also spoke with WFSUabout PPP loans as larger chains are returning their loans after facing criticism for taking money intended for small businesses. “We don’t want to take away from the importance and vitalness from the PPP program, this is what has the best chance of saving hundreds of thousands of small businesses…Shame on those people that abused it. We are very much encouraging the SBA to track down these abuses and exact penalties if appropriate,” said Herrle.
Alabama State Director RosemaryElebash spoke with WBHM in Birmingham about PPP loans. Listen to the full segment here.
My name is Terry (Ter) Scott. If you have not yet gotten your funds or you have and still need cash flow to continue your business, please do not hesitate to call me. I am a Senior Advisor with Stryde Solutions. We have offered a proprietary search service which quickly finds all the local, state and federal programs available to your specific business, specific industry and specific geographical area. Over 90% of all businesses can benefit from one or more of our services. You only pay us when we find you monies and you decide to allow us to process them. These are programs which are virtually “hidden” from business owners, CPAs, and other financial advisors. Stryde is also an authorized distribution firm just like the SBA and banks. And plus, much of this money is already yours and you don’t have to repay it. If you are a single person business or an owner employing 500 employees, you need to take 15 minutes and see what monies we can find for you.
Terry (Ter) Scott is a Senior Agent with Stryde Solutions. Stryde Solutions, LLC corporate office is located just north of Detroit in Fenton, Michigan. We have Agents in all 50 states. Terry Scott's team works with clients on a national level to identify Specialized Tax Incentives and Expense Reductions.
Stryde Solutions has captured over $300M in benefits for clients.
We have helped thousands of companies reduce expenses and obtain large federal tax incentives that would otherwise go uncaptured. Our services are not limited to any single industry focus.
Click on the image below to visit our secured online calculator and please use the contact form on this page to contact me with any questions you may have.
Ter Scott Small Business Advisor/Business Resource Consultant
I am thankful that I am involved with NFIB, the National Federation of Independent Business which is the nation’s biggest voice for small business (and BTW, if you own a business you should be a member) so I get first hand knowledge as to what is happening at the state and federal levels for the small business owner.
Today I’m sharing a source for funding for small business owners in my own area of Superior Wisconsin, and then I’ll present others. The only source where I receive any remuneration is the second one which is Stryde Solutions of which I’m a Senior Advisor, and everything that I do for you is totally at no fee unless we find your business monies and the we assume a small fee. All the others I am offering here as a public service.
For my business neighbors in Superior Wisconsin, the city has created what is called the Small Business Economic Relief Program. I applaud everyone who has put this together to help small business owners. It seems to be pretty straight forward, which is not always the case with such programs. Per the website it states: “This program is available to business owners until the allotted funding source is depleted or until December 31, 2020, whichever comes first”. Most programs will most likely be depleted sooner than expected so my suggestion is that if you own a business in the city of Superior, please apply as soon as you possibly can.
To qualify you must be the owner of a “For-profit” business, must have 25 employees or less and have an actual “brick & mortar” location.
I’ve been in touch with Jason Serck, Planning, Economic Development & Port Director to express my thanks and to discuss the possibilities of somehow collaborating with each other as I am the local advisor for Stryde Solutions.
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Stryde Solutions, LLC is located just north of Detroit in Fenton, Michigan. We have Agents in all 50 states. My team works with clients on a national level to identify Specialized Tax Incentives and Expense Reductions. Stryde Solutions has captured over $300M in benefits for clients.
We have helped thousands of companies reduce expenses and obtain large federal tax incentives that would otherwise go uncaptured. Our services are not limited to any single industry focus. Over 90% of all businesses can benefit from one or more of our services.
There are several advantages in using the services of Stryde Solutions. If you happen to be a business owner in Superior Wisconsin, you can use these services in addition to the city’s Small Business Economic Relief Program! Plus, you’ll qualify for the Stryde programs regardless if you have a physical store front and these programs don’t limit you by the number of employees you have.
I work with clients nationwide with the Stryde products and it certainly makes sense to call me and discuss the possibilities if you own a business in Superior.
Further, much of these monies we find for you, DO NOT HAVE TO BE REPAID. And finally, these funds will not be depleted! (Some expire so please contact me as soon as you can).
And finally, for those business owners who will be hiring (1 to 100 employees) in the near future, please check out how you can earn up to $9600 per employee here https://gmg.me/251784.
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So, especially for my business neighbors in Superior Wisconsin, where I personally live and do business, check out both the Small Business Economic Relief Program and Stryde Solutions.
As a Business Resource Consultant, I’m presenting other possibilities below which may help you find funds to keep your business running. Remember, I'm not earning anything from these links below and you'll have to do your own due diligence on them yourself.
For those who would like more information about joining your business neighbors in becoming a member of NFIB, I’ve put together a short video for you. Click here to go to that article. I've also included the three most recent replays of COVID-19 Funding Options Webinars presented by the NFIB legal team.
I wish you the best of continued success.
Together we will get through this!
Make it a great day!
Terry (Ter) Scott,
NFIB Rep (3A687),
Small Business Advisor and Business Resource Consultant
As a public service, I present the following options
BlueVine: This online business lender will accept applications from any small business interested in applying for a PPP loan. BlueVine’s website states qualified applications will be submitted to the SBA when funding for the program is available. The SBA is accepting applications again as of Monday, April 27.
Centerstone SBA Lending: This nonbank, SBA-approved lender is now accepting applications from small businesses seeking PPP loans, but not sole proprietors or independent contractors.
Fountainhead: As a nonbank lender licensed to make SBA 7(a) loans, Fountainhead originally accepted applications from any small business, not just existing customers. The company has currently paused application submissions. If it resumes accepting applications, you can make a loan request online as the first step in the process.
Funding Circle: This online marketplace, which connects investors with small businesses seeking loans, is now accepting PPP applications. Once you submit the online form, Funding Circle will put you in touch with an account manager to complete your application. Its website says it may refer you to one of its partners to get funding.
Harvest Small Business Finance: This nonbank, SBA-approved lender says it focuses on commercial real estate lending to “small business borrowers who have traditionally been ignored by large, regional, and community banks.” It is accepting applications for PPP loans from any qualifying business through its website.
Kabbage: Prior to the coronavirus crisis, this fintech company made loans to small businesses and consumers through its lending platform. It has now partnered with an SBA-authorized bank to process and disburse PPP loans to qualified small businesses. But while PPP can provide businesses with up to $10 million in forgivable loans, you can only apply for up to $2 million in funding through Kabbage.
Intuit/QuickBooks Capital: This maker of accounting, tax and budgeting software has received SBA approval to serve as a lender for PPP loans. Payroll and QuickBooks Self-Employed customers who filed 2019 taxes with TurboTax Self-Employed can sign in to their accounts to see if a PPP application is available. Others can sign up to get notified when QuickBooks Capital starts lending to additional businesses.
Lendistry: This California-based community development financial institution (CDFI) has an online application process and can submit PPP loans to the SBA from small businesses in the following states: California, Colorado, Florida, Georgia, Illinois, Iowa, Maryland, Michigan, New Jersey, New York, Pennsylvania and Texas. Lendistry announced on April 23 that it received an influx of capital from Goldman Sachs to help fund PPP loans. Businesses can only receive up to $250,000 in PPP funding from Lendistry.
OnDeck: This online nonbank lender was approved by the SBA to accept applications for PPP loans.The company’s site says that priority may be given to existing OnDeck customers and any approved loans may be issued by OnDeck or one if its banking partners. Applicants will be notified which bank they’ll work with when the loan is approved. The company is processing and servicing loans in partnership with Celtic Bank.
PayPal Holdings: Also approved by the SBA as a nonbank lender, PayPal is now accepting applications for PPP loans from PayPal merchants. The company is working with WebBank as its partner lender.
Ready Capital: This commercial lender says on its website that it was an approved provider of PPP loans. It has paused accepting applications, but may accept them again in the future.
Square Capital: Although Square is best known for its point-of-sale software, the company received SBA approval to accept applications for PPP loans. Its website says that you can sign up for updates about when you might be able to apply. Current Square customers will be notified when the program is live. If you’re not yet a customer, you can sign up for a Square account to receive updates on the program.
The Loan Source: One of a small group of nonbank lenders that were approved by the SBA back in 1994, its website says it is currently accepting and processing applications for PPP.
VelocitySBA: This SBA-approved nonbank lender says on its website that it is reaching out to existing clients to process PPP applications. Potential borrowers can continue to check the site for updates.
NFIB Statement on House Passage of Increased Small Business Funding
WASHINGTON, D.C. (April 23, 2020) —The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, issued the following statement on behalf of NFIB President Brad Close, following the U.S. House of Representative’s passage of the Paycheck Protection Program and Health Care Enhancement Act:
“We are pleased that, at long last, Congress has approved much needed funding for the Paycheck Protection Program and Economic Injury Disaster Loan programs. In particular, NFIB is very appreciative of the administration and small business champions in the Senate who urged quick passage of these funds nearly two weeks ago.
NFIB is fully expecting that this new round of small business assistance will go to small businesses who need it the most, not publicly traded companies and large businesses that have access to other credit options. Going forward, NFIB is calling for more flexibility in a number of areas to make it easier for small business owners to support their businesses and their employees through this crisis. This includes the removal of the SBA requirement that 75% of PPP loans be used for payroll costs in order to be forgiven, a threshold that is far too high for very small businesses to meet.
It has been three weeks since our research told us that half of small businesses said they will last no longer than one to two months in current conditions, so this funding is welcome news for many. We will continue to work with policymakers to help ensure small businesses have access to the funding that is intended for them and repeat our call that these funds be disbursed without discrimination based on banking relationships and or size of the business.”
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Hello. My name is Terry Scott. I'm a Membership Rep (3A687) for NFIB and I am available to answer your questions. Please contact me using the contact form on this page, my contact info below or simply leave your comments below.
I've created a short video of myself speaking about the benefits of NFIB and offer links to three of the most powerful webinars the NFIB legal team has made available to help businesses get through this COVID-19 crisis for small business. Click on the link to visit and please copy and paste it in your emails and forward to business owners you know who are looking for help. We offer a lot of resources even for nonmembers. Here's the link: https://askbusinessconsulting.blogspot.com/2020/04/covid-19-funding-for-small-business.html
I will be attending a meeting with officials about what it takes to "Open America" and how small business can benefit. This will take place on Monday, May 4th. Then sometime during that same week, I will do a Facebook live session to reveal what we discussed. And, you can have your voice heard in the discussion.
While you are not able to attend the closed meeting, I would like to have your questions and comments concerning your small business needs and desires as to reopening your business as the COVID-19 restrictions are being lifted.
Please leave them below or contact me using the contact form on this page. I will bring them up at the meeting and then cover them in our Facebook Live session TBA for later that week.
In the meantime, you may consider using the free search services offered by clicking on the images below to get information. And also, if you are not a member of NFIB, I've just created a video which you may find interesting which directs you to 3 valuable webinar replays by NFIB legal team about how to get through this COVID-19 crisis as a small business owner.
Please watch this video. Then if you are not yet a member of NFIB, please contact me and join today. If you are a member, please share this blog post with other business owners so they can join today. Small business is in the fight of its life and we need to fight together.
Read further down and you'll find 3 more
COVID-19 Funding Videos presented by NFIB legal team.
Are you looking for funds for cash flow while waiting?
option offers programs which you DO NOT HAVE TO REPAY).
This video is me explaining the value of NFIB membership. It's the video that
you must share with other business owners!
These are important and relevant webinars presented by NFIB legal team and brought to you by Terry Scott, NFIB Membership Rep, NFIB and your local business neighbors who are members.
For more information and resources, please visit NFIB.com. To become a member, please use the contact form on this page to get Terry's specialized brand of service!
NFIB Coronavirus Part II: Congressional and Legal Update for Small Business. WATCH NOW.
NFIB Coronavirus Part III: Financial Resources and Updates for Small Business. WATCH NOW.
NFIB Coronavirus Part IV: How to Apply for a Coronavirus Small Business Loan. WATCH NOW.
For more resources visit NFIB.com or contact your Membership Rep, Terry Scott. (Click image to enlarge):
The following is the latest Press Release by NFIB:
WASHINGTON, D.C. (April 23, 2020) —The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, issued the following statement on behalf of NFIB President Brad Close, following the U.S. House of Representative’s passage of the Paycheck Protection Program and Health Care Enhancement Act:
“We are pleased that, at long last, Congress has approved much needed funding for the Paycheck Protection Program and Economic Injury Disaster Loan programs. In particular, NFIB is very appreciative of the administration and small business champions in the Senate who urged quick passage of these funds nearly two weeks ago.
NFIB is fully expecting that this new round of small business assistance will go to small businesses who need it the most, not publicly traded companies and large businesses that have access to other credit options. Going forward, NFIB is calling for more flexibility in a number of areas to make it easier for small business owners to support their businesses and their employees through this crisis. This includes the removal of the SBA requirement that 75% of PPP loans be used for payroll costs in order to be forgiven, a threshold that is far too high for very small businesses to meet.
It has been three weeks since our research told us that half of small businesses said they will last no longer than one to two months in current conditions, so this funding is welcome news for many. We will continue to work with policymakers to help ensure small businesses have access to the funding that is intended for them and repeat our call that these funds be disbursed without discrimination based on banking relationships and or size of the business.”
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ADVERTISEMENTS:
You’ve been
directed to this video page because you are a small business owner.
Somewhere on
this page you’ll find important, updated and relevant information for your
business which you can use today.
My name is
Terry Scott, I’m a membership rep for NFIB, the National Federation of
Independent Business, the largest advocacy group in America for small business.
You’ve perhaps been a member in the past or know of someone who has. NFIB has
been in the news a lot recently for all of its work in putting small business
in the front of the line so they are included in everything which is happening.
NFIB gives small business a seat at the table, if you aren’t at the table, you’re
on the menu!
You may or
may not know about NFIB so I’m going to give you a brief overview and then let
you get to the information I’m providing on this page.
The
information I’m presenting is courtesy of NFIB and is usually reserved for our
members. Membership is a very minimal fee and based on your number of
employees. I’m not talking about membership right now. Take advantage of all of
this information and resources as a nonmember. NFIB, and I as your membership
rep, believe so much in the value of your business, you are getting this just
as if you were a member.
(do the
tablet) In the future, when an NFIB membership rep stops by your business,
please take a few minutes to get updated on how we’re fighting to keep your
business strong. We will be concise and to the point because your time is
valuable and we are there to help your business; not hurt it.
Of course,
if after you use all of these business tools, you consider joining your local
business neighbors, please contact me. I’ll be glad to let you know who some of
your local neighbors are if you’d like. You can certainly register online at
NFIB.com however, when you allow me to register you this is what I’ll do for
you.
Fighting for
small business requires money to do so. Without the help from small business
owners like you we could not continue. We are lean and mean and every penny you
invest is used very wisely.
I’ll be sure
that you’ll get...
First, know
that I’ll process your membership while we are speaking on the phone using your
credit card or check; checks are processed “electronically”. And you’ll get
your receipt immediately via email while I’m still on the phone.
My cellphone
number so you can contact me anytime.
All of your
current updated materials kit, which (usually) includes
Regardless of what state you live and
are doing business in, even if you are outside my “area” of Wisconsin, you’ll have
me as your rep and can contact me about anything. After 12 months you can still
call me but you’ll be assigned a membership rep in your area and perhaps even
have special attention via our phone support.
Of course you’ll get your membership
plaque and door decal...
And my special, personal brand of
service!
Oh, and a special “surprise” gift for
my appreciation for your membership.
So please, take advantage of these
resources somewhere on this page, courtesy of NFIB and me, as our thank you for
being a small business owner and for keeping your doors open to help your
community, and America’s economy. Did you know that small business makes up
99.9% of business in the USA? That’s you. Thank you!
Then, if you see the value that NFIB
is doing for your business, let’s get you started at a membership fee
that you decide and is affordable for you.
