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 […]
Tag: Small
Private haven for wealthy received $2M from small business loan program
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 […]
Firms with Trump links or worth $100 million got small business loans
The government’s $349 billion small business lending program was designed to keep merchants afloat during the COVID-19 crisis. But critics say the structure of the […]
Shake Shack returning $10 million government loan meant for small businesses
Shake Shack, one of several large restaurant chains that got federal loans through the coronavirus stimulus law meant to help small businesses, said Sunday night […]
Small business loan program just hit its $350 billion cap and is now out of money
One of the main coronavirus relief fund sources for suffering small businesses hit its $350 billion limit Thursday and is no longer accepting any more […]
Unapproved online lenders want a piece of the new coronavirus loan program for small businesses
As the government’s small business lending program struggles to find its footing, many online and alternative lenders say they’re filling the void, offering to help […]
Outages and delays mar new small business loan program
The electronic system the Small Business Administration is using to set up new coronavirus loans was down much of Monday, according to senior banking executives, […]
Small business owners stuck in loan limbo as new government programs stumble
Small business owners say they are frustrated with the rollout of coronavirus loan programs that promised quick cash but have become mired in technical and […]
Trump’s small businesses lending program is a failure to launch
One day after the launch of a $350 billion loan program designed to rescue millions of small businesses pummeled by the coronavirus pandemic, technical glitches […]
Legal ‘loan sharks’ may be exploiting coronavirus to squeeze small businesses
If the merchants fall behind on their payments, some lenders send threatening emails and texts and even pay visits to borrowers’ homes to try to […]
Banks warn of ‘utter chaos’ in new small business lending program
Millions of small businesses are anxiously awaiting their slices of a $350 billion relief program that forms part of the government’s $2 trillion economic support […]
Small business owners go into survival mode as lawmakers debate economic relief
The coronavirus pandemic is pummeling restaurants and bars — but many other small businesses, from landscaping services to beauty salons to day care centers, are […]