The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.
Category: Small Business Administration
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Covid Relief Loans Are Haunting Small Businesses
The New York Times – Business: -
Under Trump, the Small Business Administration Clamps Down
At the Small Business Administration, deep staffing cuts and stricter loan terms are making it harder for entrepreneurs to get access to capital, contracts and technical assistance.
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Trump Cleaves Student Loan and Special Education Services From Education Dept.
President Trump said Friday that he was tasking other government entities with core functions of the Education Department as he moves to dismantle an agency conservatives have long criticized.
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Young Professionals Are Increasingly Turning to Boring Small-Business Niches
Younger would-be chief executives are increasingly seeking profits — and freedom from the 9-to-5 — by pivoting from corporate jobs into often unglamorous small-business niches.
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Residents Turn to Home Lifting In Response to the Threat of Flooding
As climate change intensifies, flooding is emerging as a threat for homes not previously seen as high-risk. Some residents are responding creatively by lifting up their homes.
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Trump Picks Kelly Loeffler, a Top Donor, to Head Small Business Administration
During a brief stint as a senator from Georgia, she became a fervent supporter of the president-elect’s agenda near the end of his first term.
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SBA Depletes Disaster Loan Funds After Helene and Milton, Biden Says
Federal officials urged people to keep applying for the loans, which they said they would continue to process while awaiting more funding from Congress, which is not set to reconvene until Nov. 12.
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Small Business Administration Will Soon Exhaust Disaster Loan Funds
The agency has less than $100 million for new loans, according to officials, while Hurricane Milton is headed toward Florida and after Hurricane Helene devastated much of the Southeast.
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Maui Economy, 6 Months After Wildfire, Is Still Reeling
Six months after the Maui wildfire, hundreds of businesses remain closed, and questions linger about how much a local economy should rely on tourism.
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Over 3,100 Charged With Pandemic Relief Fraud, Justice Department Says
The department outlined several cases, including one in which the defendants were accused of using fraudulently obtained funds to solicit a murder.
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How to Catch Pandemic Fraud? Prosecutors Try Novel Methods.
Strained by limited resources, prosecutors are deploying special teams and nurturing local relationships to catch up to a wave of fraud.
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Restaurant Chain Franchises Face Scrutiny From the FTC
Troubles at the restaurant chain Burgerim highlight concerns about whether franchisees need more protection in their contracts with franchisers.