News (2430)
Small Business Hesitates to Take Loans
According to Wyoming News Now, small businesses are hesitant to take disaster aid from the government in the form of a loan.
Disaster loans are available for small business owners as the country faces the next chapter of the COVID-19 pandemic: the Delta variant.
Read more...Aaron Rodgers Helps Small Business
Green Bay Packers player Aaron Rodgers started a fund to help small businesses in his hometown during covid, reports Acme Packing Company.
As America felt the impact of the coronavirus pandemic starting in early 2020, many small businesses faced a unifying problem: having enough cash on hand to keep the doors open and the lights on. In a time of need, Green Bay Packers quarterback Aaron Rodgers stepped up to the plate to serve his local community of Chico, Calif., in a partnership with the North Valley Community Foundation, which serves four counties in northern California.
Read more...SBA Increases EIDL Cap
The SBA is expanding its Economic Injury Disaster loan cap to $2 million dollars, reports Small Business Trends.
As cities, states, and countries mull over how to tackle the Delta variant of COVID-19, the SBA has announced it is expanding the Economic Injury Disaster Loan (EIDL) cap to $2 million.
Read more...Group Plans to Sue Over Vaccine Mandate
The Job Creators, a small business advocacy group, plans to file a lawsuit against the federal vaccine mandate, reports the Hill.
A small business advocacy group on Thursday unveiled plans to file a lawsuit against the Biden administration over the president’s mandate for many employers to require that workers get vaccinated against COVID-19 or submit to weekly testing.
Read more...SBA Grants Get More Funding
According to Mass Live, a new proposal by the U.S. House Small Business Committee would add $25 billion to the SBA grant and lending program.
A $25 billion proposal recently approved by the U.S. House Small Business Committee would boost a number of Small Business Administration grant and lending programs.
Read more...Minority Businesses Still Struggle to Recover
Minority businesses are less likely to have recovered from covid related shut downs, reports the Hill.
The United States is seeing a disturbingly inequitable economic recovery. One survey found that more than a quarter (27 percent) of minority-owned small businesses remained closed, compared to 18 percent of other small businesses.
Read more...Cyber Liability for Small Businesses
Small businesses should invest in cyber liability insurance to protect their business, reports Forbes.
Cyber crime against a business can lead to the damage and misuse of sensitive information. If this happens, recovery costs can mount and include specialized repairs and legal fees.
Read more...Facebook to Help Small Businesses
According to CNBC, Facebook is boosting women and minority owned small businesses by buying up their outstanding invoices.
Facebook this week announced a $100 million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices.
Read more...Tips for Starting a Business From Scratch
Starting a business from scratch can seem daunting, but these eight steps can help get your business going, reports Entrepreneur.
We do amazing, meaningful things every day, but in small increments. We build a life, a family, a career, a worldview, a legacy — all in bite-sized pieces that are manageable in the moment, yet impactful in the long term.
Read more...Men Charged in Fraudulent Loan Scheme
Federal prosecutors have charged two men who fraudulently acquired $450,000 in small business disaster relief, reports WBUR.
Federal authorities announced Monday that men from Massachusetts and New Hampshire have been charged in connection with their alleged roles in a scheme that used stolen identities to fraudulently obtain more than $450,000 in disaster loans from the Small Business Administration.
Read more...
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