Author name: Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, is a renowned financial expert, author, speaker, and media personality, empowering people to achieve financial success. Visit her personal website at https://lynnettekhalfanicox.com.

SBA Paycheck Protection Program

Who is Eligible for the SBA Paycheck Protection Program

In this video, Lynnette breaks down who is and who is not eligible for the SBA PPP loan. Of all types of small business funding, Small Business Administration 7(a) loans are one of the best ways to finance your enterprise. They’re guaranteed by the federal agency, which allows lenders to offer them with flexible terms […]

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economic stimulus

COVID‑19: Video – Are You Eligible for a $1,200 Stimulus Check

In this video Lynnette explains who is eligible to receive a stimulus check from the federal government under the CARES Act. The following is a transcription: Lynnette Khalfani‑Cox:  If you’re wondering whether or not you’re eligible to get one of those government stimulus checks ‑‑ you know, part of the economic relief package passed by

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SBA Economic Injury Disaster Loans and Grants

COVID-19 – SBA Economic Injury Disaster Loans and Grants – Video

Transcription Description: Lynnette explains the SBA Economic Injury and Disaster loan program, free grants, and how it can benefit small business owners and freelance contractors. Lynnette Khalfani‑Cox:  If you’re a small business owner and you need some extra cash to keep you afloat during the COVID‑19 or coronavirus crisis, I want to encourage you to

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PPP Loan Program Runs Out of Cash

SBA’s PPP Loan Program Runs Out of Cash: What Now? Here are Your Options

The SBA’s $349 billion Paycheck Protection Program, known as the PPP loan program for small business owners, has run out of money less than two weeks after it was launched. According to the Small Business Administration, the agency approved 1.66 million loans from 4,975 lenders before the cash dried up on Thursday, April 16, 2020

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coronavirus credit card debt

Coronavirus and Credit Card Debt: What Lenders Want You to Know and Do During COVID-19

If the coronavirus outbreak has affected your income – through a COVID-19 layoff or reduced work hours – paying your credit card debt and other bills may be a struggle. Most Americans have housing payments (either a mortgage or rent), plus obligations like car notes, student loans, insurance and utilities too. But for many people,

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unemployment benefits

Unemployment Benefits: FAQs About The CARES Act and Unemployment Insurance

COVID-19 has brought great uncertainty to people all across America, particularly those who have lost their jobs or income and are now eligible for unemployment benefits.  With so many U.S. businesses shutting their doors, and millions of Americans forced out of work due to the coronavirus outbreak, Congress passed The CARES Act to provide financial

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unemployment benefits

Unemployment Benefits: Are You Eligible Under the CARES Act?

COVID-19 has thrown many people into an economic tailspin. From small businesses to individuals, many are reeling from the impact this public health crisis is having on everyone’s current and future financial plans.  In March, Congress passed three bills to help soften the blow of the outbreak’s effect on the economy, and there are even

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PPP Loan

Who Qualifies for the SBA PPP Loan?

The $349 billion Paycheck Protection Program (PPP), which offers forgivable PPP loans to America’s small business owners and contractors, is shaping up as one of the most in-demand lending programs ever from the Small Business Administration. After the PPP loan initiative was in effect for only 3 business days, on April 7, 2020 President Trump

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Are clergy members eligible for unemployment

Are Clergy Members Eligible for Unemployment or Stimulus Checks Under the CARES Act?

Q: I have a question regarding the stimulus package. In your video, you mentioned that people who once didn’t qualify for unemployment now do through the new stimulus guidelines. Does that include clergy working for churches? Thank you for your time. A: Thanks for your question. It’s a good one. And I hope you’ll be

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Maximum unemployment

2020 List of State Maximum Unemployment Benefits with State Websites and Phone Numbers

The COVID-19 outbreak has forced millions of Americans nationwide to apply for unemployment benefits throughout every state in the country. To offset the financial damage from the novel coronavirus, Congress passed the Coronavirus Aid, Relief and Economic Security Act, also known as the CARES Act, which extended unemployment benefits by 13 weeks. The CARES Act

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Covid-19 Cash

COVID-19 and Coronavirus Cash: 7 Ways to Get Fast Money and Economic Relief

To fight COVID-19 and the coronavirus pandemic, Congress in March 2020 passed three separate economic relief bills to help struggling individuals and businesses. The first was the $8.3 billion Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020. The second initiative was the $3.5 billion Families First Coronavirus Response Act. And the largest of the

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Madam_CJ_Walker

5 Financial Lessons From 5 Great Black Leaders w/Video

February is Black History Month and while we celebrate the accomplishments and achievements of many African-Americans, we also recognize that there’s so much more to do — especially economically. In the spirit of uplifting the financial status of the Black community, here are five financial lessons from 5 great Black leaders. James Baldwin As a novelist, playwright

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Elon Musk

Elon Musk 6x Richer Than Top 20 Hollywood Actors Combined

Data gathered and calculated by LearnBonds.com indicates that the net worth of Tesla Chief Executive Elon Musk is now six times more than the combined wealth of top 20 richest Hollywood actors. Cumulatively, the actors net worth is $6.55 billion, while Elon Musk enjoys the $40 billion net worth. Musk ranks in the ninth position among the

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