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Federal student loan payments are set to resume on October 1, after an unprecedented 19-month suspension that was put in place to provide financial relief to borrowers during the pandemic. Borrower balances have effectively been frozen for more than a year, with no payments required on federal loans since March 2020, when Congress first authorized the pause […]
The Biden administration has reversed a controversial Trump-era policy that will lead to the cancellation of roughly $1 billion in student debt for borrowers who were defrauded by their colleges. The change will deliver full loan forgiveness to 73,000 people who were deemed eligible for the relief under former Education Secretary Betsy Devos but received […]
[bc_video video_id=”6233880100001″ account_id=”5728959025001″ player_id=”rJpklujDf” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] The pandemic has had such an impact in all areas of our lives, from healthcare to education, to travel to commerce. However, the dire financial consequences facing small businesses are among the most impactful, especially in the Coachella Valley, a […]
The second round of California’s Small Business COVID-19 Relief Grant Program will open for applications Tuesday, Feb. 2. The assistance comes from the Governor’s Office of Business & Economic Development’s $500 million program. Businesses are eligible for grants up to $25,000 based on annual revenue. The deadline to apply is Monday, Feb. 8 by 6 […]
Palm Desert restaurants facing shutdown can now apply for the City’s Unite Palm Desert Restaurant Recovery loan program. The City has earmarked $800,000 for the program, Loans will be made in $5,000 increments plus $1,000 per full time equivalent employee up to a total of $10,000 per establishment. Loans will not require repayment if participating […]
Cathedral City is offering financial assistance to its small businesses. City Council voted to create this program for small businesses after being awarded through the CARES act. Here’s how businesses may qualify: – have been impacted by COVID-19 – maintain a physical presence within Cathedral City – have less than 25 full-time equivalent employees Priority […]
LOS ANGELES (CNS) – Los Angeles County Supervisor Janice Hahn announced Monday that $330,000 will be distributed to 11 nonprofit organizations that will use the funds to buy gift cards from local small restaurants and hand them out to local families in need. “People are struggling,” Hahn said in a statement. “Through no fault of […]
RIVERSIDE (CNS) – A new round of funding for Riverside County small businesses impacted by the public health orders implemented in response to the coronavirus pandemic will come available Wednesday, with fewer limitations on eligibility to qualify for grants. The initial round of funding opened June 2 and ended on June 19, by order of […]
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