Minority owned small businesses need an extra boost to help them during recovery, reports WTVR.

Small businesses are recognized as the backbone of the economy which is why helping them rebound is critical to Central Virginia's recovery from the coronavirus pandemic. Minority-owned businesses, specifically, might need an extra boost.

According to Fox Business, the Paycheck Protection Program will soon have a portal that businesses can use to apply for forgiveness. 

Millions of small businesses that received money from the Paycheck Protection Program in order to stay afloat during the coronavirus pandemic will soon be able to use an online portal to apply directly for loan forgiveness.

Small businesses awaiting an appeal for their Paycheck Protection Program loans will have their payments deferred, reports Cleveland.com.

The Small Business Administration has given small businesses appealing their Paycheck Protection Program loan forgiveness decisions a critical reprieve.

Small businesses have alternatives to traditional small business funding from a bank, reports CoFounder Magazine. 

Today, starting your own small business has become more accessible for anybody. Depending on the type of business that you want to start, you might not always even need a huge amount of money to get set up, thanks to the internet and various SaaS services that can make it easier to become a business owner.