Like other small businesses, a childcare business has many expenses. Incoming cash flow should cover most of your expenses, in theory, but sometimes there’s a situation where you need a financial boost. Maybe it’s an emergency expense or a lack of cash flow due to a seasonal lull. On the other hand, business could be […]
Obtaining financing can be a significant hurdle when starting or expanding a business, but this is particularly true for women. While comprising nearly a third of small business owners, women receive less than one sixth of all business loans. Why is this? How can you get around lending bias and procure a business loan for […]
For minorities seeking business loans, the normal challenges of financing can be compounded by lending biases, systemic racism, language barriers, and geographical positioning in communities that have been written-off by many lenders. It’s not all bad news, though. Many institutions and organizations have programs designed to circumvent these issues and get money into the hands of minority entrepreneurs.
Revamped PPP and EIDL programs are set to help small businesses again, while a new SBA program is aimed to help women-led businesses. Read about these stories and more in this week’s small business news roundup.
The new stimulus package includes special PPP loan rules for restaurants. Learn what you could get from the PPP if you own a restaurant.
Guidance for the new and improved program was released January 6, 2021, with the program expected to be online by January 21. With thousands of small businesses under unprecedented stress, you can expect demand for these programs will be extremely high.
In the first week of 2021, new guidance arrived for the kickstarted PPP program and data revealed how small businesses are suffering during COVID. Read on for these and more small business news stories from this week.
The government continued to dance around agreeing on a stimulus package, but things are shaping up well for holiday shopping online. Read on for these and other important small business news stories for this week.
Minority-Run Small Businesses More Resilient Against COVID, But Many Struggle As Government Aid Goes Elsewhere
Recent surveys by SCORE and Union Bank highlight how minority-run businesses are optimistic about surviving COVID, though many still struggle due to lack of government aid. Read on for a comprehensive look at survey findings on the economic impact of COVID-19 on minority-owned small businesses.
Small businesses hurt financially by COVID-19 can no longer take advantage of one federal aid program intended to dish out emergency cash, as billions in funding has run dry. The Economic Injury Disaster Loan (EIDL) Advance program — which delivered this source of quick income for business — has stopped accepting new applicants, the Small Business Administration (SBA) announced in a weekend press release.