Monthly Archives: April 2020

COVID-19: New SBA Loans for Small Businesses The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA), which is authorized to provide loans to small businesses on an as-needed basis. There are two types of relief you can apply for—read on. Economic Injury Disaster Loans Traditionally, low-interest SBA Economic … Continue reading

As part of The Coronavirus Aid, Relief, and Economic Security (CARES) ACT in response to the COVID-19 Virus, here is some important but not yet widely-known financial information. 1) ANYONE who would otherwise have a Required Minimum Distribution (RMD) in 2020 will NOT be required to take an RMD in 2020. Of course, you can take an RMD or other distribution from your IRA but it will not be required in 2020. If someone already took an RMD for 2020, which … Continue reading