Advance Payment of Employer Credits Due to COVID-19
Employee Retention Credit
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits… Read more
WASHINGTON – Today, U.S. Small Business Administration Administrator Jovita Carranza announced changes to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, will be automatic. Now, borrowers of home and business disaster loans do not have to contact SBA to request deferment.
“The SBA is looking at every option and… Read more
SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans
WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation:
“The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital… Read more
Military Reservists Economic Injury Loans
The Military Reservist Economic Injury Disaster Loan (MREIDL) provides funds to help an eligible small business meet its ordinary and necessary operating expenses that it could have met, but is unable to, because an essential employee was called-up to active duty in his or her role as a military reservist.
Loan Amounts and Use
The… Read more
How can I share my event with VOB’s community of 300,000 supporters and over 26,000 members?
Visit Your Military Veterans Discounts for a full list of military and veterans discounts
Many members, supporters, businesses and organizations approach the Veteran Owned Business Project regarding upcoming events in support of our military, veterans and military families. Some of these events include things… Read more
The U.S. Small Business Administration, or SBA, has reopened the filing application period for home owners, renters, businesses of all sizes, and non-profit organizations in New Jersey affected by Superstorm Sandy to request disaster loan assistance to recover from the storm. The additional time offers another opportunity for anyone affected by the storm to request low-interest disaster loans to rebuild.… Read more