Latest Small business News

A medical worker collects a swab sample from a journalist for a COVID-19 test before the National People's Congress closing session and the Chinese Premier press conference in Beijing, on Thursday, May 28, 2020. (AP Photo/Ng Han Guan)

The Latest: South Korea's central bank lowers rate to 0.5%

May. 27, 2020 10:26 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — US deaths from coronavirus surpass 100,000 mark. —...

Japan's Prime Minister Shinzo Abe speaks during a meeting of government and ruling party officials at his office in Tokyo Wednesday, May 27, 2020. Japan’s Cabinet has approved a proposed 32 trillion-yen ($296 billion) supplementary budget to help fund measures to cushion the blow to the economy from the coronavirus pandemic. (Kyodo News via AP)

Japan OKs funds for $1.1T stimulus to fight pandemic woes

May. 27, 2020 8:42 AM EDT

TOKYO (AP) — Japan’s Cabinet approved a proposed 32 trillion yen ($296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic. The extra funding under consideration includes support for small businesses,...

In this May 20, 2020, file photo, House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as Pelosi wants for the next relief bill or hit “pause” as Senate Majority Leader Mitch McConnell insists. (AP Photo/Manuel Balce Ceneta)

Congress shifts attention to overhauling small-business aid

May. 27, 2020 12:16 AM EDT

WASHINGTON (AP) — Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small-business aid in hopes of helping employers reopen shops and survive the pandemic. Bipartisan legislation that would give small employers more time to take advantage...

In this May 20, 2020, file photo, House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as Pelosi wants for the next relief bill or hit “pause” as Senate Majority Leader Mitch McConnell insists. (AP Photo/Manuel Balce Ceneta)

Deadlocked Congress shifts virus focus to small business aid

May. 26, 2020 6:31 PM EDT

WASHINGTON (AP) — Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small business aid in hopes of helping employers reopen shops and survive the pandemic. Bipartisan legislation that would give small employers more time to take advantage...

A woman rides an empty subway Thursday, May 21, 2020, in Tokyo. Tokyo is still under a coronavirus state of emergency until the end of May though there have been no hard lockdowns. (AP Photo/Eugene Hoshiko)

Bank of Japan helps fund small businesses fighting pandemic

May. 21, 2020 11:45 PM EDT

TOKYO (AP) — Japan's central bank said Friday it will provide some 30 trillion yen ($280 billion) to banks for financing small and medium-size businesses battling economic hardships brought on by the coronavrius pandemic. The Bank of Japan will start providing funding to the banks in June, it said. The...

FILE - In this April 28, 2020 file photo President Donald Trump, along with Jovita Carranza, administrator of the Small Business Administration, and Treasury Secretary Steven Mnuchin listen during an event about the Paycheck Protection Program used to support small businesses during the coronavirus outbreak, in the East Room of the White House in Washington. The Small Business Administration is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The agency has committed to auditing every sizable emergency loan it approves. But six weeks after the $600 billion-plus program was launched, the agency has yet to make public the recipients of taxpayer aid.  (AP Photo/Evan Vucci)

Who got what? Details scant on small-business relief effort

May. 19, 2020 10:48 AM EDT

WASHINGTON (AP) — A small, overlooked federal agency is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The Small Business Administration has committed to auditing every sizable emergency loan it approves. But six weeks after...

President Donald Trump speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. (AP Photo/Evan Vucci)

Trump points to good news as restaurant owners tell of fears

May. 19, 2020 5:56 AM EDT

WASHINGTON (AP) — Restaurant owners gave President Donald Trump a sobering accounting of the widespread damage the coronavirus pandemic has dealt their industry and asked him to adjust a loan program for small businesses to address their concerns. The president put a hopeful spin on the situation, saying...

Treasury Secretary Steven Mnuchin speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. (AP Photo/Evan Vucci)

Mnuchin to face grilling about small-business lending effort

May. 19, 2020 3:01 AM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin will likely come under tough questioning from senators Tuesday about a small business lending program included in the government's $2 trillion relief package. Lawmakers from both parties have criticized the Payroll Protection Program, which initially...

FILE - In this April 28, 2020 file photo President Donald Trump, along with Jovita Carranza, administrator of the Small Business Administration, and Treasury Secretary Steven Mnuchin listen during an event about the Paycheck Protection Program used to support small businesses during the coronavirus outbreak, in the East Room of the White House in Washington. The Small Business Administration is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The agency has committed to auditing every sizable emergency loan it approves. But six weeks after the $600 billion-plus program was launched, the agency has yet to make public the recipients of taxpayer aid.  (AP Photo/Evan Vucci)

Who got what? Details scant on small-business relief effort

May. 18, 2020 10:05 PM EDT

WASHINGTON (AP) — A small, overlooked federal agency is shouldering a massive relief effort for the nation’s small businesses and their workers left reeling by the pandemic. The Small Business Administration has committed to auditing every sizable emergency loan it approves. But six weeks after...

Treasury Secretary Steven Mnuchin wears a mask as he walks on the grounds of the White House, Thursday, May 14, 2020, in Washington. (AP Photo/Alex Brandon)

Report: Treasury fund to ease virus crisis off to slow start

May. 18, 2020 6:44 PM EDT

WASHINGTON (AP) — The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue law passed in response to the coronavirus crisis, a congressional oversight panel says in a new report. The Treasury fund is being used to guarantee new,...