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News

SBA Urges Small Business to Apply for Economic Disaster Aid

According to Cleveland.com, the small business administration is urging all businesses to apply for an economic disaster loan.

The Small Business Administration is now urging all eligible small businesses to apply for its Economic Injury Disaster Loans and its Targeted EIDL Advance grant program.

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Black Owned Small Businesses Not Out of Woods Yet

Despite overall small business optimism, black owned businesses are still worried about their future, reports Fortune. 

Last year was all about staying afloat for Elizabeth Blount McCormick. As the president and owner of Ohio-based travel management company Uniglobe Travel Designers, Blount McCormick found herself at the helm of a 40-year-old business that had the misfortune of operating in one of the hardest-hit industries in 2020.

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The Government Rescinds Some Payments

The federal government is rescinding thousands of dollars in aid promised to restaurants, reports NBC 15. 

Almost 3,000 small business owners are facing the rollback of federal money they were promised under the Restaurant Revitalization Fund. Less than three weeks ago, the U.S. Small Business Administration (SBA) stopped distributing money from the fund, leaving some business owners hanging.

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