Latest Small business financing News

Man pleads guilty to misusing pandemic relief business loan

May. 16, 2022 19:06 PM EDT

STARKVILLE, Miss. (AP) — A Mississippi man pleaded guilty Monday to a federal wire fraud charge for misusing more than $6 million in business loans through a pandemic relief program, prosecutors said. Rather than use the money for his businesses, Christopher Paul Lick admitted...

Missouri ballot measures on marijuana, ranked voting advance

May. 08, 2022 18:02 PM EDT

JEFFERSON CITY, Mo. (AP) — Campaigns to legalize recreational marijuana use and allow ranked-choice voting in Missouri on Sunday both turned signatures they'd gathered to get the measures on ballots. In order to get a proposal on the ballot, campaigns need to collect enough voter...

Evers launches his 1st TV ad buy of Wisconsin governor race

May. 02, 2022 16:24 PM EDT

MADISON, Wis. (AP) — Democratic Wisconsin Gov. Tony Evers on Monday unveiled his first television ad buy of his reelection bid, marking an uptick in activity in the governor’s race that comes on the heels of other large advertising buys by Republicans in recent weeks. Millionaire...

Algae a winner in Elon Musk-funded greenhouse gas contest

Apr. 22, 2022 10:48 AM EDT

CHEYENNE, Wyo. (AP) — From algae farming to producing a sort of artificial limestone, ideas for reducing greenhouse gas in the atmosphere are getting a funding boost from famed entrepreneur Elon Musk. The Tesla electric vehicle and SpaceX rocket company developer is bankrolling a...

US, allies aim to force Russia to shift money away from war

Apr. 12, 2022 18:57 PM EDT

WASHINGTON (AP) — The United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia's money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine, a top Treasury Department official said Tuesday. ...

Bill would help those entering Massachusetts cannabis market

Apr. 10, 2022 08:45 AM EDT

BOSTON (AP) — A bill has passed the Massachusetts Senate that aims to assist members of communities disproportionately harmed by the enforcement of past marijuana laws participate in the state’s growing cannabis market. The bill approved Thursday would create a new fund that...

Small businesses in need of a loan find banks are stingy

Apr. 04, 2022 10:05 AM EDT

NEW YORK (AP) — Small businesses still have the pandemic and now high inflation to grapple with — and they're finding it's tough to get a loan to help with the daily grind. A recently released survey from the Federal Reserve shows how the pandemic has altered the financial...

Delaware women join forces to work for pay equity

Apr. 02, 2022 09:03 AM EDT

WILMINGTON, Del. (AP) — “Who opens a business during this time?” It’s a question Lanice Wilson often asks herself about starting a juice bar in the middle of a pandemic. Her answer: She had a gut feeling this was a spot she needed to establish, and what better time to focus...

Hanford contractor to pay nearly $3M in loan fraud case

Mar. 25, 2022 08:31 AM EDT

KENNEWICK, Wash. (AP) — A Hanford contractor and its owners will pay nearly $3 million after being accused of fraud related to a loan from a federal program to help small businesses during the COVID-19 pandemic. “These funds were intended to help small and local businesses and...

Small businesses face tax headaches on top of pandemic woes

Mar. 25, 2022 08:15 AM EDT

NEW YORK (AP) — Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes. Tax season can be complicated for everyone, but as the April 18 filing deadline looms, small-business owners, contractors,...