Small Business Funding – Past, Present, and Future

December 20, 2021

Remember that book about the miserly old man who changed his tune after being visited by three ghosts? Well, I am not here to haunt your dreams, trust me, no one wants that. But I do have some past, present, and future information for small business owners. I might even dig these back up in the future and clank some chains to remind you to follow through. 

First, let’s resurrect our old friend the Economic Injury Disaster Loan. I know we thought we buried that guy, but he is still floating around. If you haven’t applied for funding yet, you have until the end of the year, and the sooner the better. The SBA will process applications in the order received until the remaining funds are exhausted. Need more information? Take a look back at this blog for more.

As for the present, I just stumbled across a website that is a potential gift to female small business owners. Bank of America recently launched a portal to direct women to sources of capital aimed directly at them. Even if you aren’t looking for funding right now, the page also features news geared towards female business owners as well as stories of success. (You guys know I have to be a nerd here… this is not an endorsement of Bank of America or their portal, I share this for informational purposes only. The link does not constitute legal advice and as always you are encouraged to do your own research and review, and consult with your tax and legal professionals before submitting confidential information.)

Looking towards the future, I have my eye on the Small Business Credit Initiative recently announced by the US Treasury. Keep an eye out for more details on this $100 billion lending program. 

While this blog entry wasn’t as heartwarming as a Dickens novel, I hope you found some uplifting information. I can’t promise that I won’t be back to haunt you with more. In fact, if I were you, I would be prepared for more. That’s a good thing, right?

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1. The information above does not constitute legal advice, nor does it create an attorney-client relationship. Please consult your attorney with specific questions.
2. As this situation is constantly changing, we will make every effort to stay current on this topic, however this information is provided as general guidance and may not apply to your situation, nor should it be relied upon exclusively. Please consult and confirm with your attorney if you have questions about these updates or their applicability.  
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