Small business

FILE - In this April 28, 2020 file photo President Donald Trump, along with Jovita Carranza, administrator of the Small Business Administration, and Treasury Secretary Steven Mnuchin listen during an event about the Paycheck Protection Program used to support small businesses during the coronavirus outbreak, in the East Room of the White House in Washington. The Small Business Administration is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The agency has committed to auditing every sizable emergency loan it approves. But six weeks after the $600 billion-plus program was launched, the agency has yet to make public the recipients of taxpayer aid. (AP Photo/Evan Vucci)
May 18, 2020 - 9:04 pm
WASHINGTON (AP) — A small, overlooked federal agency is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The Small Business Administration has committed to auditing every sizable emergency loan it approves. But six weeks after the...
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President Donald Trump speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. (AP Photo/Evan Vucci)
May 18, 2020 - 4:47 pm
WASHINGTON (AP) — Restaurant owners gave President Donald Trump a sobering accounting Monday of the widespread damage the coronavirus pandemic has dealt their industry and asked him to adjust a loan program for small businesses to address their concerns. The president put a hopeful spin on the...
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Treasury Secretary Steven Mnuchin wears a mask as he walks on the grounds of the White House, Thursday, May 14, 2020, in Washington. (AP Photo/Alex Brandon)
May 18, 2020 - 4:43 pm
WASHINGTON (AP) — The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue law passed in response to the coronavirus crisis, a congressional oversight panel says in a new report. The Treasury fund is being used to guarantee new...
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FILE - In this April 23, 2020 file photo, a sign is posted on a closed store in North Miami, Fla. Small businesses hoping for more leeway in using coronavirus loan money were disappointed as the government released instructions for seeking forgiveness for the loans. Forms the Small Business Administration released late Friday, May 15, 2020 didn’t address two concerns shared by many owners about the Paycheck Protection Program. (AP Photo/Wilfredo Lee, File)
May 18, 2020 - 12:52 pm
NEW YORK (AP) — Small businesses hoping for more leeway in using coronavirus loan money were disappointed as the government released instructions for seeking forgiveness for the loans. Forms the Small Business Administration released late Friday didn’t address two concerns shared by many owners...
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In this Thursday, April 30, 2020, photo storage tanks at a refinery along the Houston Ship Channel are seen with downtown Houston in the background. Like in other cities, the coronavirus has shut down much of Houston's economic activity, slashing thousands of jobs, while at the same time, the price of oil plunged below zero recently as demand plummeted due to the worldwide lockdown to stop the spread of the virus. This one-two punch from COVID-19 and the collapse in oil prices will make it much harder for Houston to recover from a looming recession, according to economists. (AP Photo/David J. Phillip)
May 14, 2020 - 12:33 pm
Almost 75% of small businesses applied for help from a federal loan program designed to keep workers employed during the coronavirus pandemic, but only 38% of small businesses received any money, according to results from a U.S. Census Bureau survey released Thursday. Oil extraction and mining...
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House Majority Whip James Clyburn of S.C., speaks during a news conference on Capitol Hill Thursday, April 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
May 08, 2020 - 6:47 pm
WASHINGTON (AP) — A Democratic-led subcommittee overseeing federal coronavirus aid is demanding that five companies return loans the panel says should have gone to smaller businesses. The subcommittee led by Rep. James Clyburn, D-S.C., sent letters Friday to the companies as its first official...
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FILE - This April 29, 2020 file photo, a passer-by wearing a mask out of concern for the COVID-19 coronavirus, background center, walks past mannequins in a clothing store in Boston. The nation’s small businesses slashed more than 11 million jobs in April as they were forced to close or suffered steep revenue losses amid the coronavirus outbreak. That report comes from payroll provider ADP, which counted the jobs lost at its business customers with under 500 workers. (AP Photo/Steven Senne, File)
May 06, 2020 - 12:13 pm
NEW YORK (AP) — While thousands of small businesses waited for coronavirus relief money to arrive, they were shutting down and laying off workers. Two reports issued this week shed light on the crisis that business owners have been struggling through since the coronavirus hit. On Wednesday, payroll...
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This April 29, 2020 photo provided by Rodney Morine, shows Morine preparing to make a delivery in Opelousas, La. Morine believes his second chance is no better than his first to secure a loan through a government program intended to help small businesses like his survive the pandemic. “I have zero confidence,” said Morine, an independent truck driver in Opelousas, Louisiana, whose revenues have dropped by half since the coronavirus outbreak hit the U.S. (Amani Simmons via AP)
May 04, 2020 - 12:42 am
WASHINGTON (AP) — Rodney Morine believes his second chance is no better than his first to secure a loan through a government program intended to help small businesses like his survive the pandemic. “I have zero confidence,” said Morine, an independent truck driver in Opelousas, Louisiana, whose...
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FILE - This Dec. 24, 2018, file photo shows the Federal Reserve building during a partial government shutdown in Washington. The Federal Reserve said Thursday, April 23, 2020, that it will provide monthly reports on several of its economic rescue programs supported by the $2 trillion rescue program passed by Congress. (AP Photo/Manuel Balce Ceneta, File)
April 30, 2020 - 11:31 am
WASHINGTON (AP) — The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses struggling to cope with the economic disruptions caused by the coronavirus pandemic. The Fed said that it was expanding the scope and eligibility of its Main...
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FILE - In this April 28, 2020 file photo, a closed sign is posted at a restaurant along the River Walk in San Antonio. Banks are reporting a little more success in getting small business owners’ applications for coronavirus relief loans into government processing systems. Bank industry groups says changes the Small Business Administration made in its procedures apparently are helping lenders trying to submit thousands of applications for $310 billion in loans. (AP Photo/Eric Gay, File)
April 29, 2020 - 1:36 pm
NEW YORK (AP) — The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday as the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders. The step was being taken to ensure that...
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