economic stimulus

Applications for Small Business PPP Loans Start Friday, April 3rd

By / Economy, Small Business, Small Business Advocacy Blog /

April 1, 2020 Late yesterday afternoon the U.S. Department of Treasury released instructions for loans under the Payroll Protection Program (PPP) in the CARES Act that went into effect this past Friday. “Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We […]

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Coronavirus Newsletter 3-31-20

By / Economy, Small Business, Small Business Advocacy Blog /

March 31, 2020 COVID-19 Impact on Small Business UPDATE and INFORMATION SC Small Business Chamber Leading Advocacy and Education on Covid-19 For the past two weeks the South Carolina Small Business Chamber of Commerce (SCSBCC) has been beating the drum for Congress to quickly pass a stimulus law to get small business the checks they

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Federal Policy Update: Coronavirus & Small Business Webinar. Tuesday, March 31, 6pm ET / 3pm PT

By / Economy, Small Business, Small Business Advocacy Blog /

WEBINAR REGISTRATION The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. During

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Help is available for small businesses

By / Economy, Press, Small Business /

“The bill’s ‘Paycheck Protection Program’ will go a long way in helping small businesses in the short term by providing federally guaranteed loans that can be forgiven to help them cover payroll, rent, utilities and mortgage interest,” said Frank Knapp Jr, president of the SC Small Business Chamber of Commerce and co-chairman of Businesses for

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Small Business Chamber CEO calls for swift SBA loan allocation

By / Economy, Press, Small Business /

GSA Business Report March 27, 2020 Staff Report Frank Knapp Jr., president and CEO of the S.C. Small Business Chamber of Commerce, lauded the $2 trillion U.S. Senate relief bill in a recent statement but said it is only the first step toward recovery from COVID-19 damage to small business. He also cited a Businesses

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The ways small business owners may benefit from the $2 trillion federal aid package

By / Economy, Press, Small Business /

“We anticipate small businesses will rush to apply for these loans. The government must make sure lenders are ready and able to deploy the cash,” Frank Knapp, Jr., co-chair of Businesses for Responsible Tax Reform and president of the South Carolina Small Business Chamber of Commerce, said in a statement. CNN Business March 26, 2020

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“We should be putting every state tax dollar we can into our hospitals to cover their COVID-19 operational costs”

By / Economy, Healthcare, Press, Small Business /

Statehouse Report March 27, 2020 …Frank Knapp, head of the S.C. Small Business Chamber of Commerce, suggests the state augment a federal infusion of money into small businesses by delaying the filing of state employer payroll taxes. “There should not be any refund checks sent to taxpayers this year,” he said. “We should be putting

“We should be putting every state tax dollar we can into our hospitals to cover their COVID-19 operational costs” Read More »

Opinion: S.C. economy will survive if small businesses survive

By / Economy, Press, Small Business /

Statehouse Report March 27, 2020 By Frank Knapp, special to Statehouse Report The City of Charleston has implemented a shelter-in-place order.  Columbia has done the same. There are even calls for Gov. Henry McMaster to do so for all of South Carolina. As a result of all governments’ actions and instructions to citizens for containing

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Opinion: It will be SC’s small businesses that will lead us out of this recession

By / Economy, Press, Small Business /

Hilton Head Island Packet March 27, 2020 By Frank Knapp Jr. Small business is in a crisis because of government’s appropriate actions to contain the COVID-19 from spreading. How serious is it? Goldman Sachs conducted a national survey of small businesses last week and found that about 51% of the owners said that under current

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