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Millions of small businesses that received Paycheck Protection Program loans have been waiting for answers on how and when their loans would be forgiven. Now, the Small Business Administration has announced a plan that would forgive almost 70% of all the loans it gave out.“The new guidance that has come out from treasury department and the SBA aim to ease the process for applying for forgiveness of loans under ,000,” said Molly Day with the National Small Business Association.The new guidance forgives PPP loans that were ,000 or less, but also comes with a new rule. The rule allows businesses with no employees or businesses where the owner is the only employee, can now have most or all of their loan forgiven.Initially, most of the forgivable portion of a PPP loan was that which was used toward paying employees. The new rule also relaxes the scrutiny requirements on lenders to review documentation from small businesses proving how the money was spent.“A lot of small businesses don’t have employees, or they have one employee and that is themselves, adjusting that really makes it a lot more workable for the sole proprietors that are small businesses [and] are doing great work and deserve some assistance as well,” said Day.The forgiveness process laid out by the Small Business Administration does not have the usual red tape that comes with most government forgiveness processes. Business owners who received loans of ,000 or less have to fill out a one-page document, just released by the SBA, and have their lender process it.“I do think making the forgiveness process easier and more streamlined could help many small businesses,” added Day.With the loan debt hanging over their heads, many small businesses have been reluctant to take on additional debt or put more of their saving into their businesses. Relieving them of the loan burden could now allow them to do so and may result in saving some businesses that were on the brink.However, the SBA points out there’s no guarantee and is still pushing for continued support from Congress in the next stimulus bill. In addition, it is pushing for the SBA to extend the new guidance to loan 0,000 or less. 2195
NASHVILLE, Tenn. — As the COVID-19 vaccine starts to be administered and mid-state counties are already reporting that they’ve received the first shipments, doctors want you to know about the possible side effects of the vaccine, and not to be confused about them, including sore muscles, aches, and a fever."It’s a small one to two days sense of illness," said Patsy Stinchfield, with the National Foundation for Infectious Diseases. "It usually lasts about a day and it is far, far better than having COVID disease."Doctors say those side effects are actually a sign that the vaccine is working as your body builds and remembers defenses against a future attack."That is something we have to educate people about every year with the flu vaccine. I have patients that say, 'Well, I got the vaccine and I felt like garbage the next day," Well, a side effect is to make you feel kind of crummy for a day or two because it's developing this wonderful immune response," said Susan Bailey, president of the American Medical Association.Doctors say they’re also fighting misinformation about what’s in the COVID vaccine. The shots contain small amounts of dead COVID virus, so you cant get COVID from the vaccine.Doctors say whether to get the vaccine is your choice — they just want you to be armed with the correct information. This story was first reported by Jason Lamb at WTVF in Nashville, Tennessee. 1410
More than 3,000 people died from the coronavirus on Wednesday in the United States, which is a figure higher than at any point during the spring surge of the virus.According to data compiled by Johns Hopkins University, 3,014 deaths have been reported on Wednesday. Wednesday also marked another day where reported coronavirus cases climbed above 200,000.The US is now averaging well above 2,000 coronavirus deaths per day, an average that has doubled in the last month. As of late Wednesday, more than 289,000 Americans have died since March from the coronavirus.Hospitalizations are also sharply rising. According to the COVID Tracking Project, there are currently more than 106,000 coronavirus-related hospitalizations. The COVID Tracking Project reported an increase of 2,098 active hospitalizations on Wednesday.With so many active hospitalizations, workers have been trying to make space to accommodate the surge of patients. In Nevada, workers have been treating patients in the hospital’s parking garage.Dr. Jacob Keeperman, who works in a Reno, Nevada, hospital’s ER, tweeted a photo which went viral, but also drew attention from the president, who claimed was fake.“I was sad and devastated and was angry,” Keeperman said in an interview with CNN. 1266
National security adviser H.R. McMaster has agreed to resign and will be replaced by former US ambassador and Fox News analyst John Bolton, President Donald Trump announced in a tweet on Thursday."I pleased to announce that, effective 4/9/18, @AmbJohnBolton will be my new National Security Advisor. I am very thankful for the service of General H.R. McMaster who has done an outstanding job & will always remain my friend. There will be an official contact handover on 4/19.""The two have been discussing this for some time. The timeline was expedited as they both felt it was important to have the new team in place, instead of constant speculation," a White House official said. "This was not related to any one moment or incident, rather it was the result of ongoing conversations between the two."Bolton is a stalwart of Republican national security circles known for his hawkish views."After 34 years of service to our nation, I am requesting retirement from the U.S. Army effective this summer after which I will leave public service. Throughout my career it has been my greatest privilege to serve alongside extraordinary servicemembers and dedicated civilians," McMaster said in a statement released by the White House."I am thankful to President Donald J. Trump for the opportunity to serve him and our nation as national security advisor. I am grateful for the friendship and support of the members of the National Security Council who worked together to provide the President with the best options to protect and advance our national interests," the statement said. 1589
MILWAUKEE, Wis. – At the beginning of this year, the Tier 1 gaming lounge was taking off. “Business was pretty good,” said Jordan Tian, who was part of the team launching the gaming lounge in Milwaukee. “We had like a decent amount of people signing up, but then we had to close completely.”The video gamer’s dream hangout was forced to close because of the pandemic. “We got government grants, like a decent amount for a very small business, but we didn't want to just sit there and pay expenses and wait until we could reopen,” said Tian of his talented team.So, Tian used his free time to fix up the website for his family’s Chinese restaurant by making a new online system, so customers could directly visit their website to place orders and see the menu.It cut out third party ordering platforms and helped keep his mom’s restaurant alive.“She saved like thousands of dollars every month on online ordering fees and she's like, ‘This is really good. You could probably do this for other businesses.’” That is exactly what Tian did next.Tian and his team built a platform called SmallNeighborhood. It’s a site where you can order directly from local businesses. Then, Jordan decided to design the websites and ordering platforms for those small businesses for free.It's a service restaurant owner Adnan Bin-Mahfouz desperately needed.“Having less people dine in took away close to 75% of our business,” said Bin-Mahfouz.Bin-Mahfouz’s restaurant, O Yeah Chicken and More, was barely scraping by because of COVID-19. He was hoping online orders would flood in with families quarantining at home, but then realized his website was tough to use.“Most of us are operators, we’re chefs who’re really not high tech,” said Bin-Mahfouz.So, Tian revamped the website and Adnan saw sales starting to grow. “This app I see is a long-term solution. It's a partnership. You do feel with them, you are part of a group or part of family,” said Bin-Mahfouz.For every order Adnan gets, Jordan collects a fee up to 99¢ per order, a smaller fee than any other delivery app.“Right now, online ordering platforms, they take so much money that it's hard,” said Tian. “They can lose money on each order, even after the overhead costs and coupons and everything.”It’s making sure both these small businesses can stay open in a year where family owned stores are dwindling.“The small businesses, we are the main spine of the economy,” said Bin-Mahfouz. “These small, poppa mom shops, whether it's a gas station, a restaurant, a laundromat, whatever it is, you know, we are the people.”“In building up small businesses, that's what makes our cities different,” said Tian. “Because if there's only chains and national chains, then everything in town loses its flavor.”Saving the flavor each small restaurant adds to its neighborhood is a mission that means everything to Bin-Mahfouz.“As an immigrant, who moved here 30 years ago to a different country who didn't even speak the language. Now, to have somebody like Jordan, who his parents were immigrants too, so he can feel what are we going through and trying to connect all of us together to serve and give the best service to the end user, definitely is something great,” said Bin-Mahfouz.That togetherness is a beacon of hope when many are feeling alone.“Let’s help each other. Let's build something together, one community at a time, one neighborhood at a time. I need my customers back. I need my family back."And now, Bin-Mahfouz feels more confident his business will survive to see that happen once again. 3549