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Small Business Administration
Wednesday, Jan. 6, 2021
Thousands of minority-owned small businesses were at the end of the line in the government's coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program.
Data from the Paycheck Protection Program...
Wednesday, Apr. 29, 2020
The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday after the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders.
The step was being taken to ensure that...
Tuesday, Apr. 28, 2020
Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration (SBA).
Banking industry groups said Tuesday the SBA's loan processing system is still unable to handle the...
Thursday, Apr. 2, 2020
Millions of small business owners will be turning to the government, seeking help for an individual and nationwide cataclysm, the economic devastation caused by the coronavirus outbreak.
The government says it will begin disbursing loan money to company owners and freelancers Friday under...
Wednesday, Apr. 1, 2020
Small businesses seeking loans through the government's $2 trillion coronavirus relief package could receive money as soon as Friday.
That prediction came Tuesday from senior administration officials who spoke to reporters about the details of the loan program.
Companies will be...