COVID Economic Injury Disaster Loan (EIDL) Program Updates

On September 9, 2021, Administrator Isabella Casillas Guzman announced the following major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program. Increasing the COVID EIDL Cap. The SBA will lift the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing … Continue reading COVID Economic Injury Disaster Loan (EIDL) Program Updates

SBA announces deadline to all eligible Shuttered Venue Operators Grant (live entertainment small businesses, nonprofits, and venues)

New applications will be accepted until 𝟭𝟭:𝟱𝟵 𝗽.𝗺. 𝗣𝗧 𝗼𝗻 𝗙𝗿𝗶𝗱𝗮𝘆, 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬. The SVOG program has so far awarded $8.4 billion in grants to more than 10,800 businesses to assist in getting the nation’s cultural institutions, which are critical to the economy and were among the first to shutter, #BackOnTrack. While the application portal … Continue reading SBA announces deadline to all eligible Shuttered Venue Operators Grant (live entertainment small businesses, nonprofits, and venues)

Mask Mandates reinstated in Louisiana

Gov. John Bel Edwards has temporarily reinstated Louisiana’s statewide mask mandate indoors for all people age five and older as COVID-19 cases and hospitalizations continue to rise across Louisiana, threatening the ability of Louisiana’s hospitals to deliver care during this fourth surge of COVID.  Temporary restrictions are expected to remain in place until August 21, … Continue reading Mask Mandates reinstated in Louisiana

AN: Ransomware attacks could crimp industry’s recovery from pandemic, report says

Almost half of 100 automotive manufacturers and more than 17 percent of suppliers are at high risk for a ransomware attack, according to cybersecurity ratings provider Black Kite. Automakers are ramping up digitization but lack cybersecurity. That's music to the ears of cyberattackers. Almost half of 100 automotive manufacturers and more than 17 percent of automotive suppliers surveyed by … Continue reading AN: Ransomware attacks could crimp industry’s recovery from pandemic, report says