The Paycheck Protection Program is back.Between April and August, the program distributed $523 billion in forgivable government-backed loans to 5.2 million small businesses to help them keep paying their workers […]
Small Business
Trending topics and news from the Small Business category
Back to news homeIt Could Be a Great Year, if Your Business Survives Winter
For Ashlie Ordonez, owner of the Bare Bar Studio, a spa in Denver, vaccinations for the coronavirus can’t come soon enough. While she anticipates better days later this year, surviving […]
‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans
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 — […]
When 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 […]
Here Are 5 Small Businesses That Thrived During the Coronavirus Pandemic
Small businesses were devastated in 2020. They have pivoted so frequently to deal with state-mandated shutdowns, new customer needs and pandemic safety protocols that many aren’t sure what direction they’re […]
The Auto I.R.A. Is Gaining Traction as a Retirement Savings Option
Illinois is seeing steady growth in worker participation despite the economic mess brought on by the coronavirus. In March, Illinois Secure Choice had 60,000 funded accounts, with $17.2 million in […]
Coronavirus Deal Would Give Small Businesses a Shot at Second PPP Loan
The CARES Act designated up to $10,000 of each E.I.D.L. loan as an advance that lawmakers said would not have to be repaid. But the law required the advance to […]
States Try to Rescue Small Businesses as U.S. Aid Is Snarled
Kirk Meurer was on track to have one of his best years ever in his business installing office furniture in the Cleveland area. But when companies began sending their workers […]
A $900 Billion Plan Would Help the Economy, but Not Fix It
The economic recovery, slowing for months, is in danger of going into reverse. That’s why a growing list of economists, business lobbyists and other advocacy groups are urging lawmakers to […]
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 […]