It has been about a weeks since Congress replenished the small business coronavirus stimulus. On top of that, the big businesses who received funding from the initial stimulus because of a silly loophole have given back their ill-advised gains. This means there is more money to go around for small businesses that are actually small businesses. 

However, don’t let that make you sit on your laurels. There still isn’t enough money to sufficiently fund EVERYONE. What does that mean? It means you must apply as soon as possible. SBA is getting absolutely inundated with applications and the funds are going fast.

You might be moving slow because you don’t know where to apply, after all, due to big businesses getting funding from the first stimulus, it became apparent that the big banks are prioritizing them, so you might be left feeling as though you don’t know where to turn to get your application in.

The other thing you might not be aware of is that the Small Business Administration (SBA) has an antiquated application upload system that again, disproportionately favors bigger small businesses and disfavors smaller businesses. Really, SBA? Really?

So what is a really small business owner to do? Simple.  Find small business-friendly institutions and apply with them. 

Here they are: 

1. Intuit or QuickBooks - apply through your QuickBooks or go to Intuit.com

2. Paypal 

3. Participating federal credit unions and smaller banks near you. Use this SBA lender finder 

Be sure to apply to the loans as soon as possible as they are granted always on first come, first served basis. 

We’re working to bring you more resources to help you navigate these trying times. Please stay safe and don’t forget to wear your masks.

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