Microbusinesses are uniquely vulnerable to the pandemic’s negative financial impacts. Seventy-five percent of SMBs — including microbusinesses — in one recent survey reported that their...
Sept. 11, 2020, marks 225 days since the coronavirus was first declared a pandemic on March 11, lasting longer than most of the businesses on...
The U.S. government’s Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million...
A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a...
Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal...
A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when...
The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...
When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and...
Bank of America notified principal owners of a potential data breach after the bank uploaded the loan applications of some customers to a “limited access,...