Latest Small business financing News

Georgia tractor dealer pleads guilty to $6.4M bank fraud

Jun. 11, 2021 16:19 PM EDT

MACON, Ga. (AP) — The owner of a south Georgia tractor company has pleaded guilty to lying about his debts, assets and income to obtain loans from banks and financial institutions. Nashville Tractor owner Rickey Carter, 60, pleaded guilty Tuesday in federal court in...

Colorado lawmakers map ambitious path to pandemic recovery

Jun. 09, 2021 15:57 PM EDT

DENVER (AP) — Colorado’s Legislature during its 2021 session launched an ambitious path to recovery from the coronavirus pandemic's devastating economic and social consequences, with majority Democrats doling out millions of dollars to dozens of business and health care needs. ...

Vermont governor signs $7.3B state budget, broadband growth

Jun. 09, 2021 09:21 AM EDT

MONTPELIER, Vt. (AP) — Vermont Gov. Phil Scott has signed a $7.3 billion state budget that he he says will put the state on a path to a more prosperous and equitable future. Scott’s office announced late Tuesday that he had signed the budget and a separate bill that...

1 year after unrest, some businesses fine, others struggle

Jun. 05, 2021 03:02 AM EDT

PHILADELPHIA (AP) — A year ago, Ross Martinson’s Center City store, Philadelphia Runner, was ransacked in the civil unrest following the murder of George Floyd. As raucous crowds cleared out of Rittenhouse Square’s retail corridors, Martinson and his business partners were left to...

Whitmer: Spend $300M of virus aid to hike hourly wage to $15

Jun. 03, 2021 22:38 PM EDT

LANSING, Mich. (AP) — Gov. Gretchen Whitmer on Thursday proposed spending $300 million in federal COVID-19 funding to help Michigan businesses pay workers $15 an hour. State grants would cover the difference between an employee's current hourly wage and $15 for three...

The Latest: Arizona’s state-run vaccination sites to close

Jun. 03, 2021 18:48 PM EDT

PHOENIX -- Arizona’s state-run COVID-19 vaccination sites, which were touted as a national model, will be shutting down later this month. The state Department of Health Services announced Thursday all its mass vaccination sites are gradually winding down operations and...

Demand rises for New Mexico pandemic small business loans

Jun. 03, 2021 11:59 AM EDT

SANTA FE, N.M. (AP) — New Mexico state finance authorities have said that demand appears to be building for minimum-interest loans aimed at helping small businesses that lost income or experienced major disruptions during the coronavirus pandemic. New Mexico Finance...

Louisiana governor seeks disaster order for flooding

May. 28, 2021 19:46 PM EDT

BATON ROUGE, La. (AP) — Louisiana Gov. John Bel Edwards on Friday asked President Joe Biden to declare a federal disaster for the state after severe weather and flash flooding caused damage to at least 2,000 homes. Edwards' request is for individual assistance from the...

Disaster loans available for West Virginia storms, flooding

May. 28, 2021 05:32 AM EDT

CHARLESTON, W.Va. (AP) — Businesses and residents in areas affected by severe storms and flooding in West Virginia earlier this year can apply for low-interest disaster loans from the U.S. Small Business Administration, the agency said. Cabell, Kanawha, Mingo and Wayne...

Biden to GOP: 'Don't get in the way' of infrastructure plan

May. 27, 2021 17:39 PM EDT

WASHINGTON (AP) — President Joe Biden on Thursday warned naysayers in Congress not to “get in the way” of his big infrastructure plans as the White House panned a counteroffer from Republican senators to tap unused COVID-19 relief for a more modest investment in roads, highways and...