By stubbsperdue | Published September 23, 2020 | Posted in Uncategorized | Comments Off on THE FINANCIAL APOCALYPSE
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THE FINANCIAL APOCALYPSE
THE FINANCIAL APOCALYPSE Why Consumers Are Not Prepared for the Economic Recession Looming Among COVID-19 By: Destiney Parker-Thompson In such a state of uncertainty, many consumers are wondering what to do next. Some are mapping out financial decisions, anticipating financial turmoil, while others accumulate debt via deferred payments and forbearances. Looming in the distance is Read More
Read MoreSmall Businesses Considering Bankruptcy Need to Act Now
Small Businesses Considering Bankruptcy Need to Act Now By: Laurie Biggs COVID-19 dealt a financial blow to small businesses unlike anything we have seen before. Stay at home orders forced businesses already operating on thin profit margins to shut their doors and implement drastic changes to their business models in order to comply with new social distancing requirements. A Read More
Read MoreNEW PPP GUIDANCE GIVES “SMALLER” BORROWERS A BREAK
NEW PPP GUIDANCE GIVES “SMALLER” BORROWERS A BREAK By: Landon G. Van Winkle Every borrower that received a loan under the new Paycheck Protection Program certified to the Small Business Administration that the funds were “necessary to support the ongoing operations” of the borrower, but under new SBA guidance, only some borrowers will have to Read More
Read MoreThe CARES Act – Two Significant Programs for Consumers and Businesses Affected by COVID-19
The CARES Act – Two Significant Programs for Consumers and Businesses Affected by COVID-19 By: Landon Van Winkle Since our last COVID-19 update, Congress has passed, and President Trump has signed into law, the “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act,” Pub. L. No. 116-136 (2020), which provides numerous federal programs designed Read More
Read MoreINFORMATION ON RESOURCES DURING THE COVID-19 PANDEMIC
INFORMATION ON RESOURCES DURING THE COVID-19 PANDEMIC By: Laurie Biggs and Landon Van Winkle As North Carolina continues to reel from the impacts of the coronavirus (COVID-19) pandemic, small businesses and consumers are faced with substantial and lingering financial uncertainty. These past few weeks have seen nearly unprecedented spikes in unemployment claims as hundreds of Read More
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