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News

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.

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American Rescue Plan for Small Business

The American Rescue Plan contains less support for small businesses, reports CBS News.

The Biden administration acknowledges that small businesses continue to face an "immediate crisis" because of the economic fallout from the coronavirus

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Loan Rates Dropping

Loan approval rates are dropping for small businesses, reports Small Business Trends.

Loan approval rates made to small businesses by banks and other lenders have fallen significantly since their peak a year ago. The decline in loan approval rates to small businesses is noted in the latest Biz2Credit Small Business Lending Index.

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