No IPOs, Small Business Loans, or New Craft Beer: How the Government Shutdown Is Hurting Business
For the sake of the economy, something has to give, and soon. The partial government shutdown is having an obvious impact on federal employees--everyone needs to get paid--but it’s also having an increasing impact on businesses, with w.....»»
Government shutdown: How small businesses are hurt
With the government partially shut down, small businesses feel the pressure. The Small Business Association stops loans and some consumers cut s.....»»
Government shutdown: How small businesses are hurt
With the government partially shut down, small businesses feel the pressure. The Small Business Association stops loans and some consumers cut spending......»»
Federal government shutdown could delay SBA loans, real estate deals
The Sacramento District office of the Small Business Administration is closed due to the federal government shutdown, which may start affecting local real estate deals if the closure goes on much longer. Not considered essential, the SBA is shut do.....»»
Jacksonville small businesses bearing brunt of government shutdown
CEOs have been crying in Janice Donaldson's office. Donaldson, the regional director of the Florida Small Business Development Center at the University of North Florida, has few ways to help small business owners who can't get federal loans, export.....»»
KeyBank expects to make $2.5B in "new PPP" loans during first quarter
KeyCorp CEO Chris Gorman is a big believer in the U.S. Small Business Administration's Paycheck Protection Program. The program has been the federal government's main vehicle for providing financial relief to small businesses so they can survive the C.....»»
Fear and desperation on Main Street as small businesses struggle to survive despite PPP and other federal loan programs
Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdfunding and deferring mortgage payments to stay afloat......»»
Time to Fix What’s Broken: Senate Leaders Seek Oversight of PPP Loans
WASHINGTON, D.C. – Since the launch of the Paycheck Protection Program (PPP), small business owners have been left behind by their banks and the government... The post Time to Fix What̵.....»»
Mark Cuban On Texas Businesses Reopening, Small Business Loans
Billionaire investor and "Shark Tank" personality Mark Cuban was a guest on CNBC's "Squawk Box" segment Friday to discuss the easing of the business shutdown in Texas due to t read more.....»»
For small business loan program, forgiveness may be the hardest part
The U.S. government's $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans......»»
"It"s not what you think it is": The government"s bailout loans are failing small businesses like mine, says Farmgirl Flowers" CEO
Farmgirl Flowers Christina Stembel founded her floral company, Farmgirl Flowers, in her dining room in 2010, using her personal savings and a cash-back credit card to cover business expenses. Th.....»»
Minority businesses worry they are locked out of payroll lending program
As the government issues a second round of aid for small business owners, some U.S. senators, community banking groups and minority-owned banks said they are worried businesses owned by people of color may miss out on receiving much-needed loans......»»
Capitol Report: Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications
The Trump administration will audit small-business loans above $2 million, Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash......»»
The US government will do a "full review" of any company taking a small business loan over $2 million after massive corporations took advantage of the program
Associated Press As $310 billion in new funding replenishes the Paycheck Protection Program, small businesses can expect more oversight. Treasury Secretary Steven Mnuchin said Tuesday that loans over $2 million will undergo a "full review" be.....»»
If you haven"t already applied for federal small business relief, you"re probably out of luck on this round — but you still have a few other options.
Steven Senne/AP The US government added a second round of $310 billion to the Paycheck Protection Program (PPP). But small business owners who haven't applied for PPP loans yet, may be too late to receive any funding. Bankers, .....»»
Maryland businesses approved for $6.54B in loans in first round of PPP
More than 26,000 small business relief loans were authorized by Maryland totaling $6.54 billion when the federal government's Paycheck Protection Program ran out of money. Data from the Small Business Administration on Friday showed that as of 12 p.m......»»
The US government is on the verge of running out of money for coronavirus small business loans
Reuters The government is approaching the $349 billion lending limit on its Pay.....»»
How much and how many PPP loans are going to small businesses in Missouri, Illinois
Almost $248 billion of the $350 billion authorized by the federal government's Paycheck Protection Program has been approved for U.S. small business borrowers. Here's how much has gone to Missouri and Illinois businesses......»»
Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small Business Loans
Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small Business Loans Wit.....»»
After a frenzied rush to file for small business loans, entrepreneurs nervously wait on bank approvals
As the government's $350 billion loan program gets underway, small business owners are anxiously awaiting notice from their lenders about loan approvals......»»
Feeling the heat, Bank of America loosens criteria for small business pandemic loans
The small business loans are considered an integral part of the $2 trillion government pandemic stimulus efforts since companies with less than 500 employees comprise nearly 50 percent of the American workforce......»»