Tag: Small Business Administration
‘Absolute chaos’ as businesses try to tap into rescue funds
NEW YORK (AP) – Desperate small-business owners who hoped for a quick government lifeline to help them survive the coronavirus crisis are still without...
Mnuchin: Additional $250B sought for small businesses
WASHINGTON (AP) – The Trump administration will seek an additional $250 billion to support a program designed to help small businesses keep workers employed...
Federal Reserve to boost small-business lending efforts
WASHINGTON (AP) – The Federal Reserve said in a brief announcement that it would support the government's $349 billion small-business lending program, which had...
Magaziner: Lenders shouldn’t turn away ‘orphaned’ businesses from $349B emergency program
PROVIDENCE – R.I. General Treasurer Seth Magaziner is urging Rhode Island banks, credit uniosn and other lenders to stop turning away some small businesses...
Small-biz rescue off to slow start in R.I., elsewhere; some banks...
NEW YORK (AP) – The federal government's relief program for small businesses is off to a slow start Friday, with only some businesses locally and...
The $2 trillion CARES Act could provide lifelines for small business
Many small businesses breathed a sigh of relief when Congress passed the $2 trillion CARES Act to help prevent them from going under during...
COVID-19-related SBA loans could be available as soon as this week
PROVIDENCE – The Small Business Administration’s $349 billion in small-business capital program due to COVID-19 is expected to be operational starting Friday, the SBA...
Urgent question from small businesses: When will aid arrive?
NEW YORK (AP) – When will the money arrive?
That's the urgent question for small business owners who have been devastated by the coronavirus outbreak....
Perseverance, not panic, the path to surviving coronavirus crisis
None of us has been here before, in a rapidly collapsing economy with industries being shut down virtually overnight. But history is still the...
SBA, U.S. Dept. of Commerce to hold coronavirus conference call series
PROVIDENCE – A series of coronavirus special conference calls will be hosted by the U.S Department of Commerce and the U.S. Small Business Administration...
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