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Aid Window Opens for Smallest Employers
Over the next two weeks, priority is being given to the country’s smallest employers applying for access to emergency loans. NBC 5’s Lili Zheng reports.
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Aid Window Opens for Smallest Employers
Over the next two weeks, priority is being given to the country’s smallest employers applying for access to emergency loans.
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$15 Minimum Wage Will Result in Layoffs, One-Third of Small Business Owners Say: Survey
A third of small business owners anticipate layoffs if Congress increases the federal minimum wage to $15, according to a new CNBC|SurveyMonkey survey.
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Biden's $1.9 Trillion Covid Relief Package Has Support From 63% of Small Business Owners: Survey
A majority of small business owners support the $1.9 trillion Covid relief package being pursued by President Joe Biden, according to a CNBC survey.
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PPP Loan Program Reopens This Week With Revamped Rules
The Small Business Administration is reopening its Paycheck Protection Program this week, with some revamped rules and guidelines.
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PPP Loan Program Reopens This Week With Revamped Rules
Banks across the country, are starting to work overtime to help businesses get their Paycheck Protection Program applications together. NBC 5’s Alanna Quillen reports on the second round of help for small businesses.
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A Maine Farm No One Has Ever Heard of Received $1.2M PPP Loan
A Paycheck Protection Program loan for nearly $1.2 million issued to an organic farm operator allegedly located in western Maine has raised suspicion after a massive disclosure of federal records about the small business relief program. According to records released by the U.S. Small Business Administration, Common Ground Organic Farm LLC, based in Bridgton, received the loan. The records show…
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SBA Focuses Resources on Black-Owned Businesses Hard Hit By Pandemic
African American-owned businesses have been hit especially hard during the coronavirus pandemic-caused recession, with roughly 40% of Black business owners reporting unemployment in April.
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Trump Signs Deadline Extension for PPP Applications, But Questions Remain
Over the weekend President Donald Trump signed off on an extension of the deadline for small businesses to file for Small Business Administration assistance through the Paycheck Protection Program, moving the deadline until Aug. 8.
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Watchdogs: Treasury Too Secretive on Small Business Loans
The Trump administration has relented to public pressure and pledged to provide more details about which small businesses received loans from a $600 billion-plus coronavirus aid program
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SBA Administrator Visits Dallas, Businesses Continue to Reopen
Small Business Administration Administrator, Jovita Carranza, stopped in Dallas on Friday to meet with small businesses who have taken advantage of federal loans and grants as Texas moves to Phase 3 of reopening.
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Texas Moves Into Phase 3 of Reopening Amid Coronavirus Concerns
The record number of new cases raises concerns as Texas moves into Phase 3 of reopening the state. Restaurants can now expand to 75% capacity. NBC 5’s Jack Highberger reports for other businesses it’s the moment they’ve been waiting for to re-open.
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Smallest Businesses Get a Few Hours at Head of Loan Line
The smallest companies seeking coronavirus relief loans are moving to the head of the line
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Congress Injects Billions More Into Small Business Rescue Fund. Will it Be Enough?
Congress approved another $310 billion for paycheck protection program loans and $60 billion for disaster loans last week. The Small Business Administration is set to resume the program on Monday with new guidance intended to discourage large, publicly traded companies from receiving loans. Many North Texas small businesses were frustrated that some larger companies received loans in the first round of stimulus.
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SBA Reports Data Breach in Disaster Loan Application Website
The Small Business Administration has reported it had a potential data breach last month in its website handling disaster loan applications
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‘A Complete Gut Punch': Dallas Restaurant Narrowly Misses Out on SBA Loan
With the Small Business Administration’s Paycheck Protection Program completely drained of its $350 billion coffer, stories of North Texas small businesses that missed out on the money continue to emerge.
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Small Business Rescue Loan Program Hits Funding Limit, Is Now Out of Money
The Small Business Administration website reads that it is “unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time.”
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Self-Employed Hit Barriers Applying For SBA Loan
Millions of people and countless small businesses are struggling to make ends meet amid the COVID-19 economic downturn. In recent weeks, hundreds of thousands have begun to file for loans available through the Small Business Administration. Among them is the “Payroll Protection Program” loan, which opened up to independent contractors and the self-employed last week through their respective banks and…
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Northwest Dallas Business Owners Devastated by Tornado Meet with SBA, City
The road to recovery after October’s tornado in Dallas has proven to be a daunting task for a number of entrepreneurs. There’s concern that those small businesses often referred to the “backbone” of any economy will be unable to rebuild. Business owners and commercial building owners met with city and federal representatives in Dallas Tuesday for a town hall...
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Northwest Dallas Business Owners Devastated by Tornado Meet with SBA, City
The road to recovery after October’s tornado in Dallas has proven to be a daunting task for a number of entrepreneurs.