News (2411)
Small Businesses Worry About Future
A new survey reveals that 35% of small businesses could fail over the summer, reports Cleveland.com.
The Covid-19 pandemic continues to weigh heavily on the finances of small business owners, and one recent survey found 35% could face challenges surviving through the summer.
Read more...Paycheck Protection Funding Ends Early
Latest round of Paycheck Protection Funding was exhausted three days ahead of schedule, reports Nation’s Restaurant News.
On Tuesday, the U.S. Small Business Administration officially announced that the third round of the Paycheck Protection Program had closed to new applicants on Friday, May 28, three days ahead of its scheduled expiration date, after funds ran out.
Read more...Small Businesses Short Employees
Small businesses are having a hard time filling open positions, reports Reuters.
Nearly half of U.S. small business owners reported unfilled job openings in May, marking the fourth consecutive month of record-high readings as finding qualified applicants remains a lingering challenge, a trade group said on Thursday.
Read more...Small Businesses Have Debt Due to Pandemic
Small businesses that survived the pandemic now need help managing debt acquired during the pandemic, reports the Advertiser-Tribune.
After more than a year of navigating lockdowns, mandates and COVID-19 protocols, small-business owners are starting to see a light at the end of the tunnel. But the debt many needed to take on to weather the pandemic still casts an ominous shadow.
Read more...Small Businesses Need to Consider Human Resource Topics
Small businesses need to consider several things including regulations and compliance, reports Entrepreneur.
Unfortunately, there are no shortcuts when it comes to effective HR management. So, if you are an entrepreneur who plans to hire employees, do yourself a favor.
Read more...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...
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