Remove Government Remove Legal Secretary Remove Small Business
article thumbnail

EIDL Program

Lawfecta

Apply, and you could get up to $150,000 in funding for your small business. It’s meant to provide relief to small businesses affected by Coronavirus. Interest rate: 3.75% for small businesses (2.75% for non-profits). Here’s what you need to know. What is the EIDL? Loan term: 15-30 years.

article thumbnail

How to Survive a Recession with Bookkeeping

Lawfecta

Many small business owners remember 2008 all too well, and with a COVID-induced downturn on the horizon, it’s hard not to feel anxious. Luckily, there are steps you can take to prepare your business for the recession ahead. Meaning, its become easier to get a low interest loan for your small business.

article thumbnail

The Alert: October – December 2023

Parasec

One such publication is the Small Entity Compliance Guide , which aims to help small businesses comply with the beneficial ownership information (BOI) reporting rule. FinCEN is still in the process of developing the infrastructure and IT system needed to govern, collect, and store the information securely. Great company!”