Bike store owner Jon Hughes has lines down the block. But repair jobs only pay the bills for so long.
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When their regular banks didn’t come through with PPP loans, some business owners moved their money to smaller rivals.
Our personal finance team tackles common questions to help small-business owners navigate these trying times.
Latino immigrants make up 10% of business owners in the U.S. But many of them have not applied for small-business loans, or have discovered they don’t qualify.
Black entrepreneurs are being encouraged to take advantage of the current attention from investors and consumers about finding and supporting Black-owned businesses, despite the turmoil from the coronavirus pandemic.
The Federal Reserve said the U.S. economy faced major challenges from the coronavirus pandemic and reiterated its pledge to take aggressive action to support an eventual recovery.
Congress left a loose end in March’s economic-relief law that could end up costing small businesses $120 billion, and lawmakers are still struggling to tie it up.
The federal government’s disaster loan and grant program for small businesses has been subject to more than 5,000 complaints of suspected fraud from lenders, a watchdog agency warned Tuesday as it called for closer oversight of the program.
Turnaround executive Lynn Tilton is suing troubled small businesses she once ran, after stepping away from leading them as the Covid-19 pandemic tore through the economy.
Amazon.com Chief Executive Jeff Bezos’s message that the company uses its scale for good is set to be tested as never before when he makes his first-ever appearance before Congress on Wednesday.
Walmart is selling its Indian stores to Flipkart, the e-commerce startup it controls, consolidating its operations in the world’s second-most-populous country as it works to fend off Amazon.com.
Hopes for a quick economic recovery from the coronavirus pandemic have been dashed, and companies are exhausting rescue funds. Many are shutting down or slashing jobs again.
Some of New York’s largest lobbying firms took loans under the federal Paycheck Protection Program, even as they signed up new clients during the coronavirus pandemic, records show.
Some government contractors took out loans from the Paycheck Protection Program even as they were paid for government work during the coronavirus pandemic, a Wall Street Journal analysis shows.
The Paycheck Protection Program benefited an alleged Ponzi scheme and companies accused of defrauding student borrowers and selling fake coronavirus treatments.
The Treasury secretary told lawmakers that they should consider turning into grants the Paycheck Protection Program loans taken out by the smallest U.S. businesses.
The central bank formally unveiled terms that will allow nonprofit organizations to borrow through its $600 billion loan program for small and midsize businesses disrupted by the coronavirus pandemic.
The city’s small businesses got disproportionately fewer loans from the federal Paycheck Protection Program than parts of the U.S. that weren’t as hard hit by the pandemic, a city comptroller report says.
Capacity restrictions, stringent cleaning protocols, conflicting guidance from authorities at different levels of government and concerned clients have damped reopenings in California.
New apps and other technologies could be useful in fighting the coronavirus pandemic.