FLORIDA SMALL BUSINESS DEVELOPMENT CENTER AT IRSC
Of businesses that secured PPP funding, about 28% received
their loan from a lender with whom they had no prior relationship or a
bank that wasn’t their primary one, according to a July survey of 931
firms conducted by Barlow Research Associates. About 44% of those
borrowers said they would move at least some of their accounts and loans
to the bank that came through for them during PPP, the survey found.
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property insurance policies don’t necessarily
list every exclusion. Instead of looking
at whether viruses are excluded by their
insurance policies, business owners should
take note of which events are covered, he
added.
“Unless viruses, bacteria and contamination
issues are specifically stated
as covered, you don’t have the coverage,”
Friedlander said.
Courts nationwide so far have sided
mostly with insurers. But thousands of
cases, including the more than 100 in
South Florida, are pending. Adding insult
to injury, small businesses are reporting
that their insurance premiums are increasing
upon renewal. v
This article is provided by the Florida SBDC @
IRSC, the Small Business Development Center
within Indian River State College’s School of
Business. The center’s team of business experts
works one-on-one with hundreds of entrepreneurs
and business owners each year by
providing confidential, no-cost consulting. The
center’s mission is to help Treasure Coast businesses
grow and succeed.
/WBECFlorida.org
/TCBusiness.com