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More Business Relief Funds on the Way

Small businesses may be able to get another round of small business funding from the Economic Injury and Disaster Loan program from the Small Business Administration. 

Beginning April 6, 2021, the U.S. Small Business Administration (SBA) is expanding its Economic Injury and Disaster Loan (EIDL) program, the organization announced in a press release. 

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Tax Credit Could Increase Tax Bill

The employee retention tax credit might result in employers getting a big tax bill, reports. Cleveland.com.

Small businesses taking the employee retention tax credit might get hit with a tax bill before seeing the benefits of the credit — and the IRS should step in to fix that, according to a prominent law firm.

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Covid Relief Sparse for Minority Businesses

According to the New York Times, minority owned small businesses were often unable to take advantage of covid relief loans. 

Southern Bancorp is a lender serving the Arkansas and Mississippi Delta, where poverty rates are among the highest in America and decades of redlining shaped neighborhoods with little generational wealth.

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