The employee retention tax credit might result in employers getting a big tax bill, reports. Cleveland.com.

Small businesses taking the employee retention tax credit might get hit with a tax bill before seeing the benefits of the credit — and the IRS should step in to fix that, according to a prominent law firm.

According to the New York Times, minority owned small businesses were often unable to take advantage of covid relief loans. 

Southern Bancorp is a lender serving the Arkansas and Mississippi Delta, where poverty rates are among the highest in America and decades of redlining shaped neighborhoods with little generational wealth.

The Paycheck Protection Program has been officially extended, reports CNBC.

The Senate on Thursday voted to extend the Small Business Administration’s Paycheck Protection Program just a week before it was slated to expire.