by Troy S. Mason | Jun 11, 2020 | Business News
After three months on lockdown, many states are gradually opening up for business, signaling relief is near for thousands of stores and restaurants whose sales have dropped to zero. But while some can dust off and pick back up again, others simply can’t afford to reopen their doors. “Social distancing really requires proprietors at restaurants […]
by Troy S. Mason | Jun 5, 2020 | Business News
Salih Mothana came home so quietly after he surveyed the damage to his small grocery store in Chicago that his family had no idea their business had been destroyed. Looters had raided the family store after a night of peaceful protests against police brutality ended...
by Troy S. Mason | Apr 30, 2020 | Business News
The vast majority of black-owned small businesses do not qualify for the government’s emergency Paycheck Protection Program loan, despite a fresh round of CARES Act funding that includes $60 billion in set-asides for minority and other underserved borrowers. Per...
by Troy S. Mason | Apr 27, 2020 | Business News
Even as a new round of billion-dollar relief hits Main Street this week, some small-business owners fear that the money still isn’t enough — and that it comes with so many strings attached that it won’t help their long-term survival. The latest version of...
by Troy S. Mason | Apr 25, 2020 | Business News
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus...
