The Small Business Administration has approved more than half of the second round of loan money in just five days. Here’s where that money is going.
The last Blockbuster in the world won’t go down without a fight.
The company said that it will return funds due to SBA’s “recently changed rules.”
It’s hard to see opportunity when customers are bailing, but it’s still there
Joseph’s Salon and Spa owner Kelli Campbell, with help from Aveda’s coronavirus relief program, is preparing to reopen the 50-year-old business.
Banks have called on the SBA to issue a standard forgiveness form for borrowers
Lissette Serrano is one of about 3,000 cleaners in New York’s Hudson Valley and Connecticut’s Fairfield County put themselves in harm’s way to disinfect public areas with little protective equipment.
The Kiawah Island Community Association reportedly had at least $13.6 million in the bank at end of 2019.
Although 67 percent of people voted in favor of taking the money, the club has decided not to do so
Congress created the Paycheck Protection Program last month as part of the massive stimulus package for businesses with fewer than 500 workers.
Fewer than 30,000 loan applications in total from both banks have been approved by the SBA
The best move for a particular business will depend entirely on its unique situation.
A significantly larger number of federal relief loans from the Paycheck Protection Program reached small businesses in states with a bigger percentage of local banks
The Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders.
She expected Zoom to be private and secure, but allegedly learned her privacy settings could be breached.
There’s doubt about whether the second wave of funding will be enough to cover demand.
The majority of Subway’s franchisees are small operators, according to the company’s CEO.
The cost of implementing new policies to protect customers and staff from coronavirus may be the nail in the coffin for some business owners.
According to President Trump, the SBA has processed $50 billion in loans under the second round of the Paycheck Protection Program to help small businesses struggling during the pandemic.
The club warned members that if they ultimately voted against taking the money, they would likely need to pay up to keep its employees on the payroll.