Latest Small business financing News

Assembly OKs Republican COVID spending plan; Evers vows veto

Apr. 13, 2021 21:53 PM EDT

MADISON, Wis. (AP) — Assembly Republicans took another step Tuesday toward ripping control of billions of dollars in federal pandemic aid from Democratic Gov. Tony Evers, passing a package of bills that would divvy out the money according to GOP priorities. The state...

Senator calls on Kemp to remove Stonecrest mayor from office

Apr. 13, 2021 18:42 PM EDT

STONECREST, Ga. (AP) — A state lawmaker is calling for Georgia Gov. Brian Kemp to remove Stonecrest's mayor from office amid a report into the city's use of $6 million in COVID-19 relief funds. Democratic Sen. Emanuel Jones, of Decatur, said he plans to provide the full...

Whitmer outlines priorities for spending federal virus aid

Apr. 12, 2021 18:19 PM EDT

LANSING, Mich. (AP) — Gov. Gretchen Whitmer on Monday outlined her priorities for spending billions of dollars in federal coronavirus relief aid, saying the focus should be on long-lasting initiatives to help students and small businesses hurt by the pandemic. Other...

Florida couple charged in $5.8 million COVID relief fraud

Apr. 06, 2021 13:57 PM EDT

DAVENPORT, Fla. (AP) — A Florida couple accused of COVID relief fraud filed dozens of false loan applications that totaled nearly $6 million, prosecutors said. Julio Lugo, 44, and Rosenide Venant, 37, used some of the $5.8 million to pay off a luxury vehicle, and spent...

Florida couple charged with COVID relief fraud

Apr. 03, 2021 03:24 AM EDT

TAMPA, Fla. (AP) — A Florida couple tried to obtain more than $5.8 million in coronavirus relief funds by filing false loan applications, federal prosecutors said. Julio Lugo, 44, and Rosenide Venant, 37, both of Davenport, were arrested Thursday and charged with...

Pressley, Warren push Biden to nix $50,000 in student debt

Apr. 01, 2021 16:33 PM EDT

BOSTON (AP) — President Joe Biden should help those struggling under crushing student loan debt by immediately canceling up to $50,000 of debt for federal student loan borrowers, Democratic elected officials said Thursday. Biden can make the move by using existing...

AP-NORC poll: US economic outlook rises after relief law

Apr. 01, 2021 14:20 PM EDT

WASHINGTON (AP) — Views of the nation’s economy are the rosiest they’ve been since the pandemic began more than a year ago, buoyed by Democrats feeling increasingly optimistic as President Joe Biden’s $1.9 trillion relief package is distributed across the country. ...

Biden administration quietly ramping up aid to Palestinians

Mar. 31, 2021 15:11 PM EDT

WASHINGTON (AP) — The Biden administration is quietly ramping up assistance to the Palestinians after former President Donald Trump cut off nearly all aid. Since taking office with a pledge to reverse many of Trump's Israeli-Palestinian decisions, the administration has allocated nearly...

Overseas Tokyo ticket holders may get only partial refunds

Mar. 29, 2021 04:32 AM EDT

TOKYO (AP) — Many fans living outside Japan who bought tickets for the Tokyo Olympics from brokers — known as Authorized Ticket Resellers — will not get full refunds. And they may have a long wait to get any refunds at all. The question of refunds came into play a...

Senate votes to extend small biz loan program for 2 months

Mar. 25, 2021 15:42 PM EDT

WASHINGTON (AP) — The Senate passed a bill 92-7 on Thursday to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program, giving applicants two more months to apply for federal aid. The bill had already passed the...