Latest Small business financing News

Man gets more than 3 years in prison for $13M COVID-19 fraud

Jun. 17, 2022 15:48 PM EDT

BOSTON (AP) — A Massachusetts businessman convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans has been sentenced to more than three years in prison. Elijah Majak Buoi, 40, of Winchester, was also sentenced to three years of...

Florida police officer charged with COVID-19 relief fraud

Jun. 16, 2022 19:58 PM EDT

MIAMI (AP) — A South Florida police officer has been charged with fraudulently applying for a COVID-19 relief advance grant and low-interest loan. A federal grand jury in Miami returned an indictment Wednesday against the 44-year-old Coral Springs police officer, according to court...

US failed to stop fraud in COVID loan program, Clyburn says

Jun. 14, 2022 15:04 PM EDT

The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses, depleting the funds and making people more vulnerable to identity theft, the chairman of a House panel examining the payouts said Tuesday. ...

Gov. Justice requests disaster declaration due to flooding

Jun. 06, 2022 04:04 AM EDT

CHARLESTON, W.Va. (AP) — Gov. Jim Justice has asked President Joe Biden and the Federal Emergency Management Agency approve a disaster declaration for West Virginia because of flooding from last month. According to a news release, Justice declared a state of emergency for Cabell,...

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...