Latest Small business News

Man accused of using relief funds on Lamborghini gets prison

Nov. 30, 2021 09:31 AM EST

HOUSTON (AP) — A Houston man has been sentenced to more than nine years in prison after he was accused of using federal COVID-19 relief funding on a Lamborghini, a Rolex watch and trips to strip clubs, federal prosecutors said. Lee Price III, 30, was sentenced Monday to...

Black entrepreneurs in Miami feel bypassed by the tech boom

Nov. 21, 2021 03:11 AM EST

MIAMI (AP) — Black hair care is often overlooked by venture capitalists, a world that remains distant from Black and Brown communities. Only 2% of venture capitalists are Black men and only 1% are Black women. Miami entrepreneur Rishielle Giscombe is undeterred. In an...

Deadline nears to apply for FEMA aid for Hurricane Ida

Nov. 20, 2021 10:22 AM EST

BATON ROUGE, La. (AP) — Louisiana residents impacted by Hurricane Ida's destruction in August have a little more than a week remaining to seek individual assistance from the Federal Emergency Management Agency. The deadline for individuals and families to apply for...

Four Iowans plead guilty in small business loan fraud scheme

Nov. 19, 2021 18:21 PM EST

DES MOINES, Iowa (AP) — Three former bank executives and the president of a lending service provider have pleaded guilty to conspiracy to commit wire fraud in a scheme that defrauded the Small Business Administration of millions of dollars, federal prosecutors announced Friday. ...

Barcelona, Man City drop club crypto sponsors amid concerns

Nov. 19, 2021 15:19 PM EST

LONDON (AP) — Concerns about two cryptocurrency companies led to two of Europe's leading soccer clubs, Barcelona and Manchester City, dropping short-lived sponsorship agreements on Friday. Premier League champion City suspended a deal with 3Key Technologies after...

Fake lawyer gets 18 months for mail fraud, lying on loan app

Nov. 18, 2021 20:17 PM EST

SACRAMENTO, Calif. (AP) — A San Francisco woman who posed as a lawyer and lied to get more than $350,000 in pandemic relief money was sentenced to 18 months in prison in exchange for her guilty plea, federal prosecutors said. Miranda Devlin, 37, was sentenced in federal...

How to bounce back after a business fails

Nov. 18, 2021 07:12 AM EST

For small-business owners, failure isn’t an option — it’s a reality. For example, consider the roughly 733,000 businesses that launched in the U.S. in the year leading up to March 2016. Only about half made it to March 2021, according to the Bureau of Labor...

Millennial Money: 4 reasons to shop Small Business Saturday

Nov. 16, 2021 07:01 AM EST

When you think about holiday shopping, your mind probably goes to big-box retailers before your neighborhood bookstore or antique shop. But in a time marked by widespread supply chain disruptions and inflation, underdog small businesses deserve our attention. Enter Small...

China stock exchange for entrepreneurs launches in Beijing

Nov. 15, 2021 02:18 AM EST

BEIJING (AP) — A stock exchange set up in the Chinese capital to serve entrepreneurs opened trading Monday with 81 companies amid a crackdown on tech giants that has wiped more than $1 trillion off their market value abroad. The Beijing Stock Exchange joins other...

Election brings Portsmouth's 1st Black leader in memory

Nov. 14, 2021 08:03 AM EST

PORTSMOUTH, N.H. (AP) — A small-business owner, organizer for Black Lives Matter and former ward of the state, Joanna Kelley, made history in the Nov. 2 election by becoming the first Black city councilor of Portsmouth in memory. Kelley, 33, placed second in the...