Latest Small business financing News

A woman looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 25, 2020. Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.(AP Photo/Hiro Komae)

Asian shares gain, cheered by US rally on hopes for stimulus

Sep. 24, 2020 11:53 PM EDT

TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy. Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam. House Democrats said they are paring back...

Treasury Secretary Steve Mnuchin testifies during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Capitol Hill, Wednesday, Sept. 24, 2020, in Washington. (Toni L. Sandys/The Washington Post via AP, Pool)

Mnuchin and Powell back jobless aid and small business loans

Sep. 24, 2020 2:23 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic relief package should be to provide affordable loans to small businesses and further support for millions of Americans still...

South Carolina approves 2nd round of federal COVID-19 aid

Sep. 23, 2020 4:22 PM EDT

COLUMBIA, S.C. (AP) — South Carolina lawmakers agreed Wednesday on how to spend the remaining $693 million in federal money meant to help pay for COVID-19 expenses. Most of the money — $420 million — will go to replenish the state's unemployment fund, keeping businesses from having to pay...

This Aug. 28, 2020 aerial photo shows damage to businesses in Kenosha, Wis. Police in Kenosha have arrested dozens of people since a white officer shot Jacob Blake in the back. Activists in the Wisconsin city say officers have been aggressive in responding to protests over the shooting Sunday of Blake, a Black man, even as they’ve tolerated armed militia groups. (Sean Krajacic/The Kenosha News via AP)

More loan money available for rebuilding Kenosha businesses

Sep. 23, 2020 11:15 AM EDT

MADISON, Wis. (AP) — The state is making more money available to help small businesses in Kenosha recover from damage during recent unrest over the police shooting of Jacob Blake, officials announced Wednesday. Gov. Tony Evers and the Wisconsin Economic Development Corporation said another $3 million would...

Maine CDC opens investigation into school outbreak

Sep. 22, 2020 3:31 PM EDT

PORTLAND, Maine (AP) — State officials have opened an investigation into an outbreak of coronavirus that forced a school to move into full-time remote learning mode, the Maine Center for Disease Control and Prevention said Tuesday. The outbreak at Sanford High School and Sanford Regional Technical Center...

House Speaker Philip Gunn, R-Clinton, tells lawmakers sequestered in adjacent committee rooms at the Capitol, that they have five minutes to cast a nay vote as lawmakers attempt to override a veto by Gov. Tate Reeves of the education budget bill, Monday, Aug. 10, 2020 at the Capitol in Jackson, Miss. The House voted 109-7 to override Reeves's veto of the education bill. In order to lessen the possible impact of COVID-19 on the legislators, most wore masks during their hours at the state building as well as socially distancing themselves in the chamber, in the gallery and in adjacent committee rooms in the Capitol. (AP Photo/Rogelio V. Solis)

Gunn: Mississippi legislators to return by early October

Sep. 21, 2020 7:11 PM EDT

JACKSON, Miss. (AP) — Mississippi legislators will probably return to the Capitol before Oct. 5 to examine how the state is spending coronavirus relief money it received from the federal government, Republican House Speaker Philip Gunn said Monday. Gunn said the House and Senate will evaluate “what...

Hawaii provides $10M in grants to make protective equipment

Sep. 21, 2020 9:45 AM EDT

HONOLULU (AP) — The state of Hawaii plans to provide $10 million in grants for small businesses to manufacture personal protective equipment during the coronavirus pandemic, officials said. Democratic Lt. Gov Josh Green supports the grant program and said there is a lasting need for the health safety...

$25M fund created to help struggling Delaware nonprofits

Sep. 19, 2020 9:01 AM EDT

WILMINGTON, Del. (AP) — There is help on the way for Delaware’s nonprofits, which have been struggling to keep their services going during the pandemic. Gov. John Carney and New Castle County announced the $25 million Delaware Nonprofit Support Fund. The fund will have two parts. The first part will...

Amy and Cody Morgan pose in their new warehouse, Friday, Sept. 4, 2020, in Cypress, Texas. The couple, who lost their jobs as corporate executives during the coronavirus pandemic, decided to start a pool servicing company, Pit Stop Pools. (AP Photo/David J. Phillip)

New companies face tough task overcoming pandemic, recession

Sep. 17, 2020 12:37 AM EDT

NEW YORK (AP) — Julie Campbell had to rethink her new wallpaper business before she could sell her first sheet. Campbell launched Pasted Paper in February, but soon after, the coronavirus forced the cancellation of the trade shows where she expected to introduce her wallpaper to prospective retail...

More than half of Honolulu's virus recovery funds allocated

Sep. 14, 2020 10:09 AM EDT

HONOLULU (AP) — Officials have said nearly 60% of Honolulu’s federal coronavirus recovery funds have been allocated for use, leaving $165.4 million pending. The Honolulu Star-Advertiser reported Sunday that Honolulu has spent about $72 million of its available $387 million. Honolulu received the...