Feds’ Small Business Loan Program Has $128B Left. Yet City’s Minority Owners Still Struggling to Get Their Share

By on    Small Businesses  

Feds’ Small Business Loan Program Has $128B Left. Yet City’s Minority Owners Still Struggling to Get Their Share

BY RACHEL HOLLIDAY SMITH (thecity) Federal funds for COVID-19 business relief were depleted at one point, but now there’s more money than businesses getting it. According to the U.S. Small Business Administration, $128 billion was left to lend in the Paycheck Protection Program as of Wednesday evening, with just over a week left for businesses to apply in […]

What do struggling small businesses need most? Time – and bankruptcy can provide it

By on    Covid, Small Businesses  

What do struggling small businesses need most? Time – and bankruptcy can provide it

By Brook Gotberg and Paige Marta Skiba, The Conversation The coronavirus pandemic and lockdown forced nearly a third of all small businesses in the United States to close. Some have shut down for good â€“ one estimate puts the percentage at almost 2%, or over 100,000 so far. Those that remain and are gradually opening up must navigate a host of […]

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