News

News

Small Business Closures Up

Closures are still affecting small business, reports CNBC.

Small business closures across the U.S. and the world are creeping back toward their pandemic peaks, according to a report from Facebook and the Small Business Roundtable.

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Theater Relief Forced to Close Application

According to Yahoo, the Small Business Administration was forced to shut down its venue and theatre relief applications due to technical difficulties. 

A highly publicized opening day for distressed movie theaters and live venues to seek federal Covid-19 relief grants instead fizzled out, as technical difficulties forced the Small Business Administration to shut down its portal for taking applications.

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More Business Relief Funds on the Way

Small businesses may be able to get another round of small business funding from the Economic Injury and Disaster Loan program from the Small Business Administration. 

Beginning April 6, 2021, the U.S. Small Business Administration (SBA) is expanding its Economic Injury and Disaster Loan (EIDL) program, the organization announced in a press release. 

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