Unprofitable and Out of LuckSole proprietorships are the most common business structure in America, accounting for around 26 million businesses, according to the latest I.R.S. data. Many are sidelines — […]
Small Business Administration
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Back to news homeWhen Can I Apply for a P.P.P. Loan?
She did not directly mention the Paycheck Protection Program — the largest lending program by far in the agency’s nearly 70-year history — but she acknowledged the turmoil many companies […]
Biden Selects Heads of Labor, Commerce and Small Business Agencies
Ms. Raimondo, a moderate Democrat with a background in the financial industry, has served as governor since 2015. She is seen as a relatively traditional choice for commerce secretary, a […]
How Bad Was Virus Aid Fraud? One Banker Was ‘Frustrated With Humanity’
Some of the fraud won’t come to light until the middle or end of next year, when most borrowers will reach their deadline to seek forgiveness or start repaying the […]
1 Percent of P.P.P. Borrowers Got Over One-Quarter of the Loan Money
The largest loan in the building went to Atane Engineers, a contractor that changed its name in 2018 after a corruption scandal that culminated when two former top executives pleaded […]
Racism Impoverishes the Whole Economy
Discrimination hurts just about everyone, not only its direct victims. New research shows that while the immediate targets of racism are unquestionably hurt the most, discrimination inflicts a staggering cost […]