News (2420)
New Community Grant Program Goes Live
According to Penn Live, the SBA is rolling out a new federal grant program to help small businesses through the Community Navigator Pilot Program.
The Small Business Association is now accepting applications for federal grant money that aims to help set up support networks nationwide that will reach the “smallest businesses, with a priority focus on those owned by socially and economically disadvantaged individuals, as well as women and veterans,” according to a news release.
Read more...Small Businesses Used Many Methods to Stay Afloat
Small business owners used more than just Paycheck Protection Loans to stay afloat, reports CFO.
How did so many small businesses survive the worst of the pandemic? The Paycheck Protection Program helped. But it took more than that to keep many small businesses financially afloat..
Read more...Small Business Optimistic About Rebound
According to Small Business Trends, small business owners are expecting a healthy rebound in 2021.
Bank of America’s 2021 Small Business Owner Report was based on a survey of nearly 1,000 small business owners. The survey was conducted in March 2021. It reveals that economic confidence and business outlook is witnessing a rebound.
Read more...PPP Stops Early Due to Lack of Funds
Many small businesses missed out on Paycheck Protection Program funding because the program ran out of funds early, reports CNBC.
When the Paycheck Protection Program ran out of funding the first week of May – weeks ahead of its May 31 deadline – it was a huge surprise to the staff of El Museo del Barrio in New York.
Read more...SBA Authorizes Paycheck Protection Program Loan Withdrawal
The Small Business Administration is giving small businesses a chance to reapply for Paycheck Protection Program loans, reports the Business Journal.
The Small Business Administration is asking Paycheck Protection Program lenders to withdraw any application that has not yet been approved so that small businesses can apply elsewhere.
Read more...NASA Awards Innovation Contracts
NASA will award 127 small businesses with a Small Business Innovation and Research contract to bring their product into development, reports NASA.
NASA has a long history of supporting America’s entrepreneurs as they develop technologies from ideas to commercial readiness. The agency’s Small Business Innovation Research (SBIR) program is furthering that legacy with 140 new Phase II awards to 127 U.S. small businesses that will help them move their innovations to market.
Read more...Only Small Percentage of Businesses Could Face Tax Hike
According to Reuters, only 3% of small business owners would see an increase in taxes under Biden’s new jobs and infrastructure plan.
Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden's jobs and infrastructure plan, according to a new analysis by the White House on Friday.
Read more...New Relief Targets Restaurants
The Small Business Administration is releasing a new round of relief targeting restaurants, reports KOLD.
A new round of relief is about to be served up to restaurant owners starting Monday, May 3. The Small Business Administration is offering up money through their Restaurant Revitalization Fund to help with employee payroll, rent, and other expenses.
Read more...Tax Rate Increase Could Hit Small Businesses
According to the US Chamber, small businesses could be hit by the increase in corporate taxes.
Congress is considering raising the corporate income tax rate from 21 percent to 28 percent. Many assume that only big businesses will pay this higher rate.
Read more...Taking Your Business Up a Notch
If your business has hit a plateau there are a few things you can do to take it to the next level, reports Small Business Trends.
Many small businesses go through an early growth stage. But after that, you may need to change up your strategies to take the next step.
Read more...
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