Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the Covid-19 small-business relief effort.
Read MoreWith more than 36 million people filing for unemployment and 7.5 million small businesses at risk of closing permanently, it’s no secret economic uncertainty is stressing the American economy. And while the immediate financial implications of the shutdown are a lot to grapple with, it’s actually the uncertain future and lack of open communication about what comes next is what will ultimately kill our businesses. But those risks can be prevented.
Read MoreAn entire generation of start-ups, young entrepreneurial ventures and small businesses could be wiped out as the coronavirus pandemic begins killing off businesses. Unsurprisingly, the rallying cry to reopen businesses is growing. But it will be more disastrous if we reopen too soon.
Read MoreWhen Jim Angelus first applied to the now $669 billion forgivable Paycheck Protection Program, he thought it would offer his restaurant business a lifeline after he shuttered it on March 15 because of the pandemic. Now after a month of waiting, and as the country seems no closer to resolving the pandemic, he's wondering whether he should have even applied.
Read MoreJumpScale has been featured on many local news outlets throughout the United States. The JumpScale team has compiled those interviews here.
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