Latest Small business financing News

Application period open for Detroit business grant program

Sep. 20, 2021 07:27 AM EDT

DETROIT (AP) — Applications are being accepted for the latest round in a program that awards competitive grants and other resources to entrepreneurs in Detroit. Organizers say Motor City Match works to help build retail density throughout the city. Business owners can...

Energy funds awarded to 16 WVa businesses, ag producers

Sep. 16, 2021 04:13 AM EDT

CHARLESTON, W.Va. (AP) — Sixteen small businesses and agriculture producers in rural West Virginia are receiving more than $177,000 from a federal government program that helps install renewable energy systems and make energy efficiency improvements. U.S. Sens. Joe...

Pizza entrepreneur gets prison for fraud in loan program

Sep. 14, 2021 17:05 PM EDT

MACOMB TOWNSHIP, Mich. (AP) — A Detroit-area pizza entrepreneur was sentenced to more than two years in prison Tuesday for committing fraud while seeking more than $900,000 in government-backed loans during the coronavirus pandemic. Mike Bischoff received approximately...

Former Kansas legislator charged with COVID relief fraud

Sep. 09, 2021 18:15 PM EDT

WICHITA, Kan. (AP) — A federal grand jury on Thursday indicted former Kansas state Rep. Michael Capps on 19 counts alleging that he tried to defraud federal, state and county government organizations out of more than $450,000 in coronavirus relief funding. The U.S....

Pappas: Bill would help small businesses, entrepreneurs

Sep. 05, 2021 13:53 PM EDT

CONCORD, N.H. (AP) — New Hampshire U.S. Rep. Chris Pappas has reintroduced a bill to help small business owners and rural entrepreneurs grow. “New Hampshire’s small businesses are the backbone of our economy, but half of small businesses are currently unable to...

5 steps to turn your side gig into a full-fledged business

Sep. 03, 2021 07:12 AM EDT

In 2017, Courtney Lynn Ottrix started blogging about things to do in Cleveland. She’d done some freelancing in the past, and the blog offered occasional opportunities for income. But two years later, when her full-time position was eliminated, Ottrix suddenly found...

Xi says China will set up 3rd stock exchange in Beijing

Sep. 02, 2021 11:05 AM EDT

BEIJING (AP) — China will set up its third mainland stock exchange to serve private companies in its capital, Beijing, President Xi Jinping said Thursday, expanding official support for entrepreneurs in the state-dominated economy. The announcement comes as China's...

theClubhou.se program launches new startups across Georgia

Aug. 28, 2021 00:07 AM EDT

AUGUSTA, Ga. (AP) — As happened to many whose jobs involved a lot of travel, Kenneth L. Johnson Jr. of Augusta went from criss-crossing Georgia most weeks for his state government job to staying home during the pandemic. It gave the career educator time to reassess his skills and wonder if...

Drought disaster relief loans available for Maine businesses

Aug. 24, 2021 12:30 PM EDT

AUGUSTA, Maine (AP) — Maine's governor is calling on small businesses around the state to apply for federal disaster loans that are available because of the drought the state suffered earlier in the summer. Gov. Janet Mills, a Democrat, said farm-related entities in...

2 men charged in scheme to obtain fraudulent SBA loans

Aug. 23, 2021 09:42 AM EDT

BOSTON (AP) — Federal authorities announced Monday that men from Massachusetts and New Hampshire have been charged in connection with their alleged roles in a scheme that used stolen identities to fraudulently obtain more than $450,000 in disaster loans from the Small Business...