Latest Small business financing News

How the Joe Biden presidency could impact your money

Jan. 20, 2021 6:26 AM EST

As you take a closer look at your financial footing amid the headwinds of a pandemic, it’s an excellent time to examine the possible impact of a Joe Biden presidency on money matters. The balance of Congress has shifted following the Georgia runoffs, providing possible momentum for President Biden’s...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 16, 2021 12:43 AM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. On Friday,...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 15, 2021 4:40 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. On Friday,...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 14, 2021 6:38 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. Here's a...

2 accused of fraudulently obtaining $2.2M in COVID-19 loans

Jan. 8, 2021 12:19 PM EST

PORTLAND, Ore. (AP) — Two men are accused of converting for personal use more than $2.2 million in loans meant to help small businesses during the coronavirus pandemic. Andrew Aaron Lloyd, 50, of Lebanon, and Russell A. Schort, 38, of Myrtle Creek, are charged with wire fraud, bank fraud and money...

FILE - In this June 5, 2020 file photo, President Donald Trump poses for a photo after signing the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House in Washington.  Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications. Or, they were disadvantaged by the program's terms. Data from the Paycheck Protection Program analyzed by The Associated Press show many minority owners desperate for a loan didn’t receive one until the PPP's last weeks.   (AP Photo/Evan Vucci, File)

Minority-owned companies waited months for loans, data shows

Jan. 3, 2021 11:09 AM EST

NEW YORK (AP) — Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program. Data from the Paycheck Protection Program...

FILE - A traveler wears a mask as she waits for her flight in Terminal 3 at O'Hare International Airport in Chicago, Sunday, Nov. 29, 2020.  The coronavirus pandemic created winners and losers in the business world. Wall Street recovered after March, even though Main Street is still struggling.  As few people traveled, the airline industry needed billions of dollars in aid from the government and is still threatening to lay off workers.(AP Photo/Nam Y. Huh)

Some businesses thrived, many lagged during pandemic in 2020

Dec. 31, 2020 12:01 PM EST

By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a report issued by the National Bureau of Economic Research found that 2% of small businesses surveyed had shut down...

FILE - In this Tuesday, Dec. 15, 2020, file photo, Senate Majority Leader Mitch McConnell, of Kentucky, speaks during a news conference with other Senate Republicans on Capitol Hill in Washington, while Sen. John Barrasso, R-Wyoming, listens at left. “There will be another major rescue package for the American people,

Trump's hesitation on relief bill will delay aid payments

Dec. 28, 2020 2:45 PM EST

WASHINGTON (AP) — The $900 billion economic relief package that President Donald Trump signed over the weekend will deliver vital aid to millions of struggling households and businesses. Yet his nearly one-week delay in signing the bill means that it will take that much longer for the financial support to...

A demonstrator wears a face shield with a red handprint, mimicking blood, to protest Brazilian President Jair Bolsonaro's handling of the deadly coronavirus pandemic in Brasilia, Brazil, Wednesday, Dec. 23, 2020. Protesters also called for the immediate start of COVID-19 vaccinations. (AP Photo/Eraldo Peres)

The Latest: Brazil is latest to ban flights from Britain

Dec. 23, 2020 11:09 PM EST

RIO DE JANEIRO — Brazil has become the latest country to bar flights from the United Kingdom in a bid to prevent contagion from a new strain of the coronavirus. The government announced in an extra edition of the country’s official gazette released late Wednesday that it is temporarily prohibiting...

FILE - In this July 15, 2020, file photo, job seekers exercise social distancing as they wait to be called into the Heartland Workforce Solutions office in Omaha, Neb. A second round of relief is poised to affect the finances of millions of Americans as soon as the end of this year. The $900 billion package includes $600 one-time checks for those earning under $75,000 — half of what people received from the original pandemic relief package, known as the CARES Act. For unemployed Americans, $300 of supplemental unemployment insurance will top other unemployment benefits for 11 weeks. (AP Photo/Nati Harnik, File)

What the new COVID relief package means for your money

Dec. 23, 2020 12:15 PM EST

A second wave of federal coronavirus relief totaling $900 billion could begin flowing to millions of Americans as soon as the year’s end, nearly nine months after Congress passed the original pandemic relief package known as the CARES Act. Here’s what the COVID relief package — part of a $2.3...