COVID-19 Business Recovery
COVID-19 Business Resources
Mike Austin
Access to Capital Advisor, SBDC
Mike Austin
Mike Austin is a retired small business lender with over 30 years’ experience in SBA loan-guarantee programs.

Since the COVID-19 Pandemic, he has been working for the Small Business Development Center of Hampton Roads and the Virginia SBDC Network under a grant from the TRUIST Foundation. 

Posts by Mike Austin
Impact of Inflation on Small Businesses
The impact of rising inflation has had a definite chilling effect on survival of small businesses.
Early GDP Results from 2021
Federal Disaster Assistance/RRF Update
Post-SBA COVID Program Funding Options
December 31st closed-out the last remaining SBA COVID loan/grant programs. Efforts to re-fund 2020 and 2021 funding initiatives and/or creating new programs remain stalled in Congress where they face an uncertain future.
New Form 1099 Reporting in 2022
A major legislative change in tax reporting is one of the provisions of the American Rescue Plan, which was enacted in March of last year.
The Employee Retention Tax Credit Update
The Employee Retention Tax Credit is set to expire at the end of 2021. This tax credit program was created during the worst of the pandemic in 2020 and was initially set at 50% of up to $10,000 in qualifying wages per employee but was expanded via the American Rescue Plan Act to include 70% of $10,000 in qualifying wages per employee per quarter in 2021, which makes the tax credit much more lucrative for business owners.
Paycheck Protection Program Forgiveness Process: An Overview
In response to economic devastation resulting from the COVID-19 pandemic, the Federal government created the Paycheck Protection Program (PPP) to help small business owners remain open.
SBA Reengineers its CAPLine Program
Home » Chamber Blog » Author: Mike Austin
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