News (2428)
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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...Small Businesses Got Less Forgivable Funds
Small businesses that applied early to the latest round Paycheck Protection funding received less forgivable funding than those who waited, reports CNBC.
For some of the smallest businesses that applied for forgivable loans through the Paycheck Protection Program, waiting just a few days or weeks would’ve gotten them thousands of dollars more.
Read more...Most Read
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Feb 08 2012
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Written by SBN Editors
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Sep 08 2011
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Written by Editor
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Jun 18 2013
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Written by News
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Nov 14 2012
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Written by SBN Editors
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