Kimi Wei, CEO
The Wei LLC
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SBA has hardship help for defaulted PPP & EIDL loans
SBA Introduces 60-Day Goodwill Exception Period, Expands Hardship Accommodation Plans
WASHINGTON – The U.S. Small Business Administration (SBA) has announced expanded flexibility and accommodations for COVID EIDL and PPP borrowers to help bring them into compliance and avoid the repercussions of defaulting on a government loan.
For COVID EIDL and PPP borrowers with loans under $100,000, the SBA has implemented a 60-day goodwill exception period starting January 1 and lasting through March 3, 2024. During this period, the SBA will build on its extensive outreach to affected businesses to ensure that PPP borrowers know how to apply for forgiveness and COVID EIDL borrowers are aware of all repayment options — including the opportunity for hardship repayment plans. Further, the SBA will refrain from escalating collections activities until after the goodwill exemption period.
New Jersey will pay for businesses to upgrade worker’s skills
TRENTON – On 23 November 2023, the New Jersey Department of Labor and Workforce Development (NJDOL) announced the availability of $10 million in funding through the UPSKILL: NJ Incumbent Worker Training Grant to help employers further train existing workers.
The FY24 funds will be competitively awarded to New Jersey employers to reimburse up to 50 percent of their cost for training frontline employees to meet current and future occupational skills needed for mid- and high-skill jobs.
‘Searing’ eyewitness account found chronicling the destruction of Black Wall Street and the Tulsa massacre
The grandson of a survivor of the Tulsa massacre is a senior program manager at the National Museum of African American History and Culture, where now resides the manuscript detailing the Tulsa, Oklahoma massacre and its impact on Black Wall Street residents. It is a first person account written by attorney Buck Colbert Franklin (1879-1960), who survived the massacre although his law practice was burned to the ground.“I could see planes circling in mid-air. They grew in number and hummed, darted and dipped low. I could hear something like hail falling upon the top of my office building. Down East Archer, I saw the old Mid-Way hotel on fire, burning from its top, and then another and another and another building began to burn from their top,” he wrote.