BLS Insights

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Month: October 2020

Delaware Relief Grants Update from the Delaware Division of Small Business

October 30, 2020

The Delaware Division of Small Business just released three important changes related to the DE Relief Grants program. Businesses no longer need to demonstrate a revenue decline of at least 7.5 percent from 2019 to 2020. Instead, they will only need to prove they experienced a decrease in revenue, regardless of size. This change also … Continued

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COVID-19 Update: SBA Released Streamlined Application for Some PPP Borrowers

October 09, 2020

On October 8, 2020, following requests by many businesses and lenders across the country, the Small Business Administration released a streamlined application for Paycheck Protection Program (PPP) borrowers who borrowed $50,000 or less (affiliate groups are excluded). The application, Form 3508S. Although Form 3508S is a shorter form, it is not an automatic approval for … Continued

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