Small business

Mohammad Ikram closes a large door to his business Hot Stop, fully stocked but closed during the coronavirus pandemic, on the boardwalk in Atlantic City, N.J., Tuesday, April 28, 2020. (AP Photo/Matt Rourke)
The Associated Press
April 29, 2020 - 12:12 pm
WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the...
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FILE - In this April 23, 2020 file photo, a sign is posted on a closed store in North Miami, Fla. Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration. Banking industry groups say the SBA’s loan processing system is still unable to handle the volume of loan applications from business owners trying to get aid under the Paychceck Protection Program, part of the government’s $2 trillion coronavirus aid program.(AP Photo/Wilfredo Lee, File)
April 28, 2020 - 5:35 pm
NEW YORK (AP) — The government says it has approved an additional $50 billion in loans to small businesses, although banks are complaining that a bottleneck at the Small Business Administration is severely slowing the process. Banking industry groups said Tuesday that the SBA’s loan processing...
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FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday, April 27, that they couldn't get their applications into the SBA system known as ETran that processes and approves loans. (AP Photo/Paul Sancya, File)
April 27, 2020 - 5:42 pm
NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday that they couldn't get their applications into the SBA system known as ETran that processes and...
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FILE - In this March 3, 2017, file photo, Los Angeles Lakers president Jeanie Buss sits in the stands prior to an NBA basketball game between the Lakers and the Boston Celtics in Los Angeles. The Lakers have repaid a loan of roughly $4.6 million from coronavirus business relief funds after learning the program had been depleted. (AP Photo/Mark J. Terrill, File)
April 27, 2020 - 4:14 pm
LOS ANGELES (AP) — The Los Angeles Lakers have repaid a loan of roughly $4.6 million from coronavirus business relief funds after learning the program had been depleted. The Lakers applied for the loan under the Small Business Administration’s Paycheck Protection Program, a part of the federal...
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In this handout photo provided by 10 Downing Street, Britain's Chancellor of the Exchequer Rishi Sunak speaks during a media briefing on coronavirus in Downing Street, London, Monday April 20, 2020. (Pippa Fowles/10 Downing Street via AP)
April 27, 2020 - 11:11 am
LONDON (AP) — More than 4 million jobs have been saved in the U.K. as a result of a government scheme aimed at making sure firms hold onto staff during the coronavirus lockdown, Treasury chief Rishi Sunak said Monday. In a statement to lawmakers, Sunak said half a million firms have taken advantage...
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FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Government aid my simply be too little too late. (AP Photo/Paul Sancya, File)
April 26, 2020 - 11:24 am
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are...
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President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 23, 2020, in Washington. (AP Photo/Alex Brandon)
The Associated Press
April 24, 2020 - 11:30 am
WASHINGTON (AP) — President Donald Trump signed a $484 billion bill Friday to aid employers and hospitals under stress from the coronavirus pandemic that has killed more than 50,000 Americans and devastated broad swaths of the economy. The bill is the latest effort by the federal government to help...
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A man wears a face mask as he leaves a business that remains open in downtown San Antonio, Wednesday, April 22, 2020. San Antonio remains under stay-at-home orders due to the COVID-19 outbreak and residents are required to wear face coverings or masks whenever in public. (AP Photo/Eric Gay)
April 23, 2020 - 6:52 pm
NEW YORK (AP) — Small business owners still applying for loans under the government's coronavirus relief program may end up disappointed — the $310 billion being added to the program may already be spoken for. Banking industry groups say the volume of applications already sent to the Small Business...
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FILE - In this Friday, Sept. 27, 2013, file photo, people walk past a Potbelly Sandwich shop in New York. The federal government is making it tougher for public companies to tap a small business relief program, and seeking refunds in some cases from companies that already did. Although the intent of the program is to help small businesses hit by the coronavirus outbreak, some publicly traded companies did secure loans, setting off a backlash. (AP Photo/Tali Arbel, File)
April 23, 2020 - 5:20 pm
NEW YORK (AP) — Big public companies that received loans under a government program intended to help small businesses devastated by the coronavirus outbreak could be forced to return it. The Small Business Administration issued an advisory Thursday clearly aimed at companies like restaurant chains...
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In this image from video, House Speaker Nancy Pelosi of Calif., speaks on the floor of the House of Representatives at the U.S. Capitol in Washington, Thursday, April 23, 2020. (House Television via AP)
The Associated Press
April 23, 2020 - 5:14 pm
WASHINGTON (AP) — Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs. The measure passed almost unanimously,...
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