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News (1973)

No Second Round of Economic Injury Relief

According to CNBC, there will be no second round of funding for the Economic Injury Disaster relief loan program. 

Small businesses that took a hit from the coronavirus pandemic will be able to draw a second Paycheck Protection Program loan. But the same isn’t true for another popular Covid-era funding source for entrepreneurs.

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More Small Business Relief Planned

Incoming President Biden has a $1.9 trillion dollar economic relief plan in the works that helps individual taxpayers and small businesses, reports CPA Practice Adviser. 

President-elect Joe Biden rolled out a $1.9 trillion coronavirus relief plan — including $1,400 stimulus payments for taxpayers who received previous stimulus payments — aimed at beating back the highly contagious virus and resurrecting an economy in tatters from the pandemic. 

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Small Businesses Eager for More PPP

Small businesses are eager to apply for the second round of funding available under the Payroll Protection Program, reports CNBC.

For Andrea Herrera, founder of Amazing Edibles Catering in Chicago, the pandemic has tested her ability to adapt on the fly amid falling revenues. 

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The Paycheck Protection Fund Will Have More Funds Available

Small businesses will have access to additional Paycheck Protection Funds, reports CNBC.

The Paycheck Protection Program will reopen on Jan. 11, offering forgivable loans to small businesses and allowing certain cash-strapped firms to borrow a second time, according to the U.S. Small Business Administration.

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Green Bay Quarterback Gives to Small Business Fund

According to the Green Bay Press Gazette, the quarterback for the Green Bay Packers is donating $500,000 to the Barstool Fund to help small businesses. 

Aaron Rodgers has donated $500,000 to The Barstool Fund to help small businesses struggling to stay afloat during the coronavirus pandemic.

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Burlington Vermont Offers Grants

Burlington Vermont is offering business owners of color access to $180,000 in grants, reports NBC 5.

The city of Burlington is giving $180,000 to small businesses and nonprofits owned by people of color. "They really want to see small businesses thrive. They want to see someone like me thrive for sure," says Mujib Khaliq, the owner of North Country Kettlebells in Burlington.

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The Barstool Fund Has Nonprofit Fund for Small Business

The Barstool Fund’s nonprofit 30 Day Fund helps small businesses, reports Fox Business. 

Husband and wife Pete and Burson Snyder, who founded the nonprofit 30 Day Fund to help communities and small businesses, on Thursday pledged $1 million to The Barstool Fund if the fundraising effort reaches $14 million by midnight on New Year's Eve.

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Congress Approves More PPP Funding

The latest round of funding passed by congress includes more money for the Paycheck Protection Program, reports KCRA.

Small businesses struggling from the COVID-19 shutdowns are getting another round of financial help with the latest spending bill passed by Congress.

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Minorities Last to Receive PPP

Data from the Paycheck Protection Program businesses owned by minorities were some of the last loans funded, reports Associated Press. 

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.

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Small Businesses Get Tests

Texas small businesses will soon have rapid Covid tests that they can administer to their employees, reports Click 2 Houston.

With new cases of the coronavirus and hospitalizations spiking in Texas as winter approaches, Gov. Greg Abbott on Monday launched a program to provide small businesses with rapid tests for their employees.

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