Tag Archives: SmallBusiness

Small-Business Loans Will be Forgiven, but Don’t Ask How

Small-Business Loans Will be Forgiven, but Don’t Ask How

Small-Business Loans Will be Forgiven, but Don’t Ask How Small-Business Loans Will be Forgiven, but Don’t Ask How “We’re super nervous about the fact that we don’t know what’s going to happen,” she said. And the loan was only a temporary salve: With her revenue still down at least 30 percent, Ms. Kujala is preparing to lay off one of …

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Watch: White House officials testify on small-business aid.

Watch: White House officials testify on small-business aid.

Watch: White House officials testify on small-business aid. Watch: White House officials testify on small-business aid. Watch: White House officials testify on small-business aid. Source link

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Lobbyists, Law Firms and Trade Groups Took Small-Business Loans

Lobbyists, Law Firms and Trade Groups Took Small-Business Loans

Lobbyists, Law Firms and Trade Groups Took Small-Business Loans Lobbyists, Law Firms and Trade Groups Took Small-Business Loans In New York City, St. Ann’s School took a loan valued between $5 million and $10 million. Kent Place School, a private school in New Jersey, was reported to have received a loan worth between $1 million and $2 million. Schools with …

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Treasury Dept. Agrees to Release Data on Small-Business Relief

Treasury Dept. Agrees to Release Data on Small-Business Relief

Treasury Dept. Agrees to Release Data on Small-Business Relief Treasury Dept. Agrees to Release Data on Small-Business Relief WASHINGTON — Bowing to political pressure, the Trump administration said on Friday evening that it would disclose borrower information for recipients of millions of small-business loans through the $660 billion Paycheck Protection Program. The decision is a reversal for the administration, which …

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Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny

Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny

Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny Monty Bennett’s sprawling hospitality company is the biggest known beneficiary of the government’s small-business relief program. The Texas conservative has remained unwilling to return his loans even as public anger builds over large companies getting the funds — a fact …

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Small-Business Loan Program, Chaotic From Start, Gets 2nd Round

Small-Business Loan Program, Chaotic From Start, Gets 2nd Round

Small-Business Loan Program, Chaotic From Start, Gets 2nd Round Small-Business Loan Program, Chaotic From Start, Gets 2nd Round One day before the federal government’s $349 billion aid program for small businesses was set to go live, the chief executive of a Minnesota bank was frantically dialing officials in Washington. Grand Rapids State Bank needed more time to understand the program, …

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Large, Troubled Companies Got Bailout Money in Small-Business Loan Program

Large, Troubled Companies Got Bailout Money in Small-Business Loan Program

Large, Troubled Companies Got Bailout Money in Small-Business Loan Program Large, Troubled Companies Got Bailout Money in Small-Business Loan Program A company in Georgia paid $6.5 million to resolve a Justice Department investigation — and, two weeks later, received a $10 million federally backed loan to help it survive the coronavirus crisis. Another company, AutoWeb, disclosed last week that it …

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Luxury Hotel Company Benefits From $40 Million in Small-Business Funds

Luxury Hotel Company Benefits From $40 Million in Small-Business Funds

Luxury Hotel Company Benefits From $40 Million in Small-Business Funds Luxury Hotel Company Benefits From $40 Million in Small-Business Funds Hotels and luxury resorts that funnel money back to a single company have secured about $40 million in small-business program funding, the latest evidence that large sums of money flowing from the government’s relief program are in some cases helping …

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Loan Money Runs Out While Small-Business Owners Wait in Line

Loan Money Runs Out While Small-Business Owners Wait in Line

Foreign businesses and even large restaurant chains — which successfully lobbied for an exemption to a rule restricting the program to businesses with 500 or fewer employees — have managed to get loans, showing the uneven way in which the program has been carried out. Potbelly Sandwich Shop, a chain of 400 restaurants, disclosed in a filing that it got …

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Wells Fargo’s Growth Cap Eased to Aid Small-Business Crisis

Wells Fargo’s Growth Cap Eased to Aid Small-Business Crisis

The Federal Reserve made another move to try to expand small business owners’ access to emergency loans on Wednesday when it temporarily lifted a growth restriction it had imposed on Wells Fargo two years ago after the bank’s fake-account scandal. The Fed said the move was a response to “extraordinary disruptions from the coronavirus,” which has caused a widespread economic …

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