News

News (2009)

Small Business Wants Amazon to Divide

Small businesses want to see Amazon separate its retail division from its 3rd party division, reports INC.

Amazon's third-party sellers have long had a love-hate relationship with the e-commerce giant. Some have hit their breaking point.

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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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Tax Credit Could Increase Tax Bill

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.

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Covid Relief Sparse for Minority Businesses

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.

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PPP Loan Program Extension

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.

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NASA Boosts Small Business

NASA’s Small Business Innovation Research and Small Business Technology Transfer program’s have selected 365 small businesses to participate in their program.

Small businesses are vital to NASA’s mission, helping expand humanity’s presence in space and improve life on Earth. NASA has selected 365 U.S. small business proposals for initial funding from the agency’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program, a total investment of more than $45 million.

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Small Business Struggle to Recover

According to the Seattle Times, small businesses have been disproportionately affected by Covid-19.

In a big gravel lot near South Seattle’s South Park Bridge, a handful of small businesses might get a second chance to survive the pandemic. 

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Extending PPP Program

The house votes to extend the Paycheck Protection Program for two months, reports Business Insider.

To continue providing aid to small businesses recovering from the pandemic, the House voted on Tuesday to extend the Paycheck Protection Program (PPP) by two months, ahead of its expiration on March 31.

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