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Should I Return My Small-Business Loan?

It's a good question. And with the SBA PPP deadline looming, we sought out an expert to answer it.




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Coronavirus: Scotland could soon allow small gatherings

Nicola Sturgeon today suggested people in Scotland could soon be allowed to meet a small 'bubble' of friends or family outside of their households under plans to ease the coronavirus lockdown.




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Greed of the elite is like a boa constrictor that squeezes the life out of England's small clubs

OLIVER HOLT: Andy Holt, the owner of Accrington Stanley has accused big clubs of being like a boa constrictor, squeezing the life out of the teams in the lower leagues of English football.




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HOT OR NOT: Radamel Falcao scores twice for Colombia and Manny Pacquiao spends a small fortune on anti-inflammatory cream

It's Hot or Not time again as Riath Al-Samarrai reveals what's been making him feel warm this week and what's been leaving him cold inside.




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Chris Smalling eyes spot in England Euro 2020 squad and hints at Manchester United exit for Roma

Chris Smalling has outlined his desire to win a place in Gareth Southgate's England squad, despite not having been capped for his country since 2017.




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Boy, 16, arrested for 'raping two women in brutal attack that rattled small Arizona community'

A teenager from Scottsdale, Arizona has been arrested for allegedly raping two women, including a neighbor who lives in his apartment building. DNA evidence linked the 16-year-old boy to the assaults, which happened one week apart on Oct. 18 and Oct. 24, police said.




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Boy, 16, arrested for 'raping two women in brutal attacks that have shaken small Arizona community'

A teenager from Scottsdale, Arizona has been arrested for allegedly raping two women, including a neighbor who lives in his apartment building. DNA evidence linked the 16-year-old boy to the assaults, which happened one week apart on Oct. 18 and Oct. 24, police said.




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So much for small talk! Jeremy Corbyn's silent treatment for Boris Johnson ahead of Queen's Speech

The State Opening of Parliament saw Boris Johnson and Jeremy Corbyn engage in one of the newer political traditions today - the awkward silent walk to the Lords.




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Southampton starlet Will Smallbone on following in Gareth Bale and James Ward-Prowse's footsteps

EXCLUSIVE BY ADRIAN KAJUMBA: The latest graduate of Southampton's famed academy, Will Smallbone will not forget 2020 in a hurry after his dream, goal-scoring full debut in the FA Cup.




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Madonna, 61, declares she's 'never been with a guy with a small d**k' during Madame X show

The x-rated jokes came thick and fast from Madonna as she kicked off her London dates at the Palladium this week.




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Gigi Hadid, Adriana Lima, Joan Smalls and Irina Shayk in Max Mara campaign

The four women came together to model the new Spring/Summer 2020 collection for the Italian brand.




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Jada Pinkett Smith posts a makeup-free selfie to Instagram, revealing one eye is 'wayyyyy smaller'

Jada Pinkett Smith appeared to be feeling stir crazy in confinement on Friday, when she drew attention to an asymmetrical feature via a selfie on Instagram.




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Kym Marsh gears up for a return to the small screen as she will host an episode of The One Show

The former Coronation Street star, 43, will join Alex on the BBC show on March 20, after Matt confirmed he was leaving the show after nine years at the end of last year.




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India's small savers parked over a $1.5 billion in pension schemes spooked by the stock market carnage in April

India's National Pension System (NPS) has bucked the downtrend triggered by Covid-19 outbreak and the subsequent nationwide lockdown to contain it. During the first three weeks of April, the scheme along with the Atal Pension Yojana (APY) has seen an upsurge in new enrolments and an increase in assets under management (AUM) of these programmes.ALSO WATCH: The CEO of mutual fund house explains how to invest your savings in the post-coronavirus world In financial parlance, NPS and APY are Central government backed schemes which are administered by Pension Fund Regulatory and Development Authority (PFRDA). The PFRDA is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the NPS and the pension schemes to which this Act applies.75468072The




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ICICI Bank’s earnings on May 9 will reveal the level of economic damage caused by COVID-19 at the level of small borrowers

ICICI Bank is scheduled to announce its fourth-quarter results on May 9.It's share price inreased by over 2% today morning during early trade.The private sector bank’s retail-focused lending puts it at higher risk of bad loans due to the effects of the coronavirus lockdown than its counterparts.Last quarter, ICICI Bank managed to post a profit of 158% and its provisions were down by 58%.ICICI Bank is set to post its fourth-quarter results on May 9 and the outlook seems grim with the banking sector bearing the brunt of the coronavirus pandemic. “Banking is the first sector to get hit and the last one to recover. We’re already in a phase of credit issues,” Siddarth Purohit, a banking analyst with Angel Broking, told Business Insider.ICICI Bank is one of top ten stocks to buy, according to Maquarie,




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Oklahoma is beginning to reopen today. Its small business owners are struggling to choose between their financial and personal health.

Oklahoma begins a multi-phase reopening of state businesses on Friday.Small business owners are feeling the pressure of unpaid bills — and the risk of infection — as they await government loans and support funds."Everyone is cautious about opening," one small business owner told Business Insider.Another said: "I want to go back to work tomorrow. I'm tired of this."Visit Business Insider's homepage for more stories.Small-business owner Sandra Dickson faces a seemingly impossible choice.A massage therapist in Oklahoma City, Oklahoma, Dickson is among the 20.6% of Americans who are jobless. She opened a beauty and wellness spa just weeks before the coronavirus pandemic. It's been shut down for at least as long as it was open. In that time, Dickson has "received no income," she told Business Insider.




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Small business loan applications to resume Monday after Trump signs new $484 billion package into law

President Trump signed into law a $484 billion coronavirus relief bill that includes another $310 billion in funds designed to provide relief to small businesses.The Small Business Administration will resume accepting loan applications through the Paycheck Protection Program on April 27.Visit Business Insider's homepage for more stories.President Donald Trump signed into law a $484 billion coronavirus relief bill on April 24.The bill includes $310 billion in new funds for the Paycheck Protection Program (PPP), which was put in place to provide aid for small businesses.According to a statement released by Jovita Carranza, administrator of the Small Business Administration (SBA), and Treasury Secretary Steven Mnuchin, the SBA will begin accepting PPP loan applications again on Monday, April




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US banks made a quick $10 billion in 2 weeks by processing small businesses loans from the government, says report

US banks earned $10 billion in two weeks processing the loans from the government scheme to protect small businesses from financial ruin during the coronavirus crisis, according to an NPR report.The rescue plan worth $349 billion offered businesses loans of up to $10 million to thousands of US companies and were guaranteed by the federal Small Business Administration.The banks charged a transaction fee of 5% on loans worth less than $350,000, while on loans worth between $2 million - $10 million, the cost was 1%.The banks defended the massive windfall of loan transaction fees, saying that processing the loans involved complicated vetting procedures.Treasury Department guidelines are less rigorous than for regular loans, and the taxpayer provides the funding, so there is little risk for the




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11 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses




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If you haven't already applied for federal small business relief, you're probably out of luck on this round — but you still have a few other options.

The US government added a second round of $310 billion to the Paycheck Protection Program (PPP). But small business owners who haven't applied for PPP loans yet, may be too late to receive any funding. Bankers, lawyers, and consultants said the volume of already approved loans will be enough to tap out the second round of funding.If you don't get government loans and funding, there are still a few other options available to small businesses.Click here for more BI Prime content.If you were hoping to get your loan application into the second round of stimulus funding for small businesses, the chances are stacked against you. But you could turn to tax relief or private companies, local governments, and organizations offering grants and resources to small businesses hurt by the pandemic.Late last




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'It's not what you think it is': The government's bailout loans are failing small businesses like mine, says Farmgirl Flowers' CEO

Christina Stembel founded her floral company, Farmgirl Flowers, in her dining room in 2010, using her personal savings and a cash-back credit card to cover business expenses.The company has since blossomed into a thriving startup that employed almost 200 staff members prior to the coronavirus.However, as the pandemic causes economic fallout worldwide, Stembel told Business Insider that the future of her company is uncertain.She said the process of applying for the first round of the Paycheck Protection Program, a government fund meant to help small businesses through the coronavirus pandemic, was frustrating and fruitless."I know that the intention of this program is to help small businesses, so let's change it to make sure this money does fall into the hands of small businesses," she said.Visit




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Wine businesses and smaller restaurants are getting creative to stay afloat, according to a master sommelier — but even as alcohol purchases boom the industry needs our support

Jonathan Ross is one of the 300 master sommeliers in the world: He is an educator for the Guild of Sommeliers, an examiner for the Court of Master Sommeliers, and sits on multiple wine investment advisory boards, as well as founded Micro Wines.He says that although the alcohol industry is booming for large retailers, small businesses are struggling to find ways to stay afloat.Many smaller retailers and restaurants are turning to creative ways of staying open, including virtual tastings, delivery, and designer happy hours.Support your local restaurants and wine sellers now if you want them to survive this lockdown period.Click here for more BI Prime stories.With a substantial amount of lockdown time under our belts, people around the world have found creative ways to remain social, active,




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The second round of the government's program to help small business is under way. This map shows where the money has gone so far.

The Paycheck Protection Program is a key component of the federal government's response to the economic devastation caused by the ongoing coronavirus pandemic.After the initial $350 billion allocated for the small business loans at the heart of the program was exhausted in just two weeks, Congress appropriated an additional $320 billion in funding.A recent Small Business Administration report shows where that second round of funding has gone so far.While the first round largely went to more rural states on a per-capita basis, much of the $175 billion from the second round that was dispersed as of May 1 has gone to larger, harder-hit states.Visit Business Insider's homepage for more stories.The novel coronavirus has ravaged the US economy, with more than 33 million Americans filing for unemployment




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Greggs reopens small number of shops on trial basis

The popular baker is carrying out the trial in the Tyneside area.




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It took 184 years to eradicate smallpox after a vaccine was developed — a reminder of what we may face with the coronavirus

On the 40th anniversary of the eradication of smallpox, the World Health Organization's director general said it's "a reminder of what's possible" when it comes the coronavirus. But he said the fight against smallpox had one crucial tool we don't yet have for COVID-19: a vaccine. Even after a vaccine was developed for smallpox, it took another 184 to completely eradicate the disease — a reminder of the long road ahead for conquering the coronavirus. Visit Business Insider's homepage for more stories.On May 8, 1980, the World Health Assembly officially declared smallpox eradicated.The disease had "plagued humanity for at least 3,000 years, and killed 300 million people in the 20th century alone," the World Health Organization director-general Tedros Adhanom Ghebreyesus said during a media briefing




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How a small NYC grocery delivery business is coping with a 400% surge in demand during the coronavirus pandemic

The coronavirus has forced grocery delivery drivers on the front lines of the pandemic.Mirchi, a small New York City grocery delivery service with around 10 employees, is struggling to keep up with a 400% increase in demand.The company's founder said that "by day three, all of my employees were burnt out."View more episodes of Business Insider Today on Facebook.Since the spread of the coronavirus in the US, drivers like Remy Quezada Rodriguez are on the front lines of the pandemic, delivering food to Americans hunkered down at home. Rodriguez works for Mirchi, a small New York City grocery delivery service specializing in South Asian ingredients. Lately, the company has been inundated with orders of rice, spices, and other goods.To keep up with demand, the company's founder Naresh Mulchandani




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Federal relief loans for small businesses just dried up. Here's what to do if you need $1 million dollars or more to stay afloat

Getty ImagesAll of the PPP loan funds have been committed, but new Fed-backed loans could help some businesses come back after the crisis.Less than two weeks after launch, all of the $349 billion allocated to small businesses in the CARES Act has been committed.Lending could now come to a grinding halt as banks won't have the guarantee of the US Treasury to back up more loans.Business owners who still need financing greater than $1 million can take advantage of the Federal Reserve's Main Street Lending program, which will support additional loans from banks.The Fed's program backs four-year loans with payments and interest deferred for the first year.Visit BI Prime for more stories.Just 12 days after the launch of the Payroll Protection Program, all $350 billion in loans have been approved,




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Suspected explosion triggers a small earthquake near China's border with North Korea

The magnitude 1.3 quake took place in the Chinese city of Hunchun at 19:38pm local time today with a focal depth of zero metres, reported China seismic network.




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Greed of the elite is like a boa constrictor that squeezes the life out of England's small clubs

OLIVER HOLT: Andy Holt, the owner of Accrington Stanley has accused big clubs of being like a boa constrictor, squeezing the life out of the teams in the lower leagues of English football.




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Southampton starlet Will Smallbone on following in Gareth Bale and James Ward-Prowse's footsteps

EXCLUSIVE BY ADRIAN KAJUMBA: The latest graduate of Southampton's famed academy, Will Smallbone will not forget 2020 in a hurry after his dream, goal-scoring full debut in the FA Cup.




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What a sweetie! The nippy new Polo looks fantastic...but there’s one small hole in VW’s thinking

Myriad Polos have come and gone over the years, with 12 million cars sold so far, including past World Car of the Year winners




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Donald Trump hits highest poll number yet as Ben Carson and Marco Rubio make small gains

New York businessman Donald Trump remains the front-runner in the Republican presidential race, while Ben Carson has solidified his hold on second place.




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Billionaire hotelier got $126million in small business loans after hiring Trump-allied lobbyists

A few weeks before Monty Bennett's companies received the sum, he hired Jeff Miller, former vice chairman of Trump's inaugural committee, and Roy Bailey, a re-election campaign fundraiser.




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Health official feared biological warfare over a pandemic prioritizing smallpox vaccine over masks

President Trump's top official for public health preparedness, Robert Kadlec, dedicated billions in taxpayer dollars to fight biological and chemical weapons prioritizing that over battling a pandemic.




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Tiny flowers pack a punch: Plant small bulbs ...then sit back to watch the show 

British gardening expert Nigel Colborn shares advice for giving spring gardens a punch. He suggests planting tiny bulb, crocus now for a show in March.




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Plot a greener future: The lockdown is a chance to get going on projects big and small

Nigel Colborn shares his advice for making the most of your time in lockdown. British gardening expert advises ordering bee-friendly plants and other resources online.




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Gas explosion rips through Russian laboratory containing smallpox, Ebola and HIV viruses 

The explosion, at the Vector laboratory in Siberia, left a worker with second and third degree burns. The lab is one of two places in the world which houses the smallpox disease.




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Calista Flockhart walks her three small rescue dogs in Santa Monica amid coronavirus quarantine

The 55-year-old Golden Globe winner and husband Harrison Ford will celebrate a decade of marriage in June




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Argos deliver replacement fridge so small it can't even fit a pint of milk inside 

Lauren Brown, 23, and her partner Lee Stubbs, 25, from Rossendale, Lancashire, ordered a £170 fridge freezer to arrive on Saturday. But after a delay was given a replacement instead.




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Only the smallest handful, like Olafur Eliasson, can make the heart soar with the genuinely sublime 

Danish artist Olafur Eliasson's work is grand, often spectacular, and richly humane.




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Katy Perry takes her dog to a SPA after featuring him in her Small Talk video

Katy Perry stunned in an Adidas tracksuit set and accessorised with a $25K Hermes Birkin bag on Wednesday, as she headed to the spa for an early morning session with her dog, Nugget.




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Etiquette expert's guide to surviving Christmas parties: from ditching dullards to making small talk

UK etiquette expert William Hanson has offered his top tips on how to survive the party season - and his advice includes what to do if you're ditched with someone boring or if you forget a name.




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Parents face smaller state pension over failure to fill in child benefit form

Thousands are facing a poorer retirement as a result of innocent mistakes over paperwork. Nandia Needham, pictured with husband Martin, could be £20k out of pocket over a 20-year retirement.




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Senate to rush through ANOTHER $250 billion bailout for small businesses as early as Thursday

Mitch McConnell wants to have another round of small business bailouts on the Senate floor by Thursday in an expansion of the Paycheck Protection Program.




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$350 billion paycheck fund runs out of cash and Trump blames Dems for 'killing' small businesses

Donald Trump blamed Democrats for 'killing' small businesses as the $350 billion paycheck protection fund ran dry Thursday morning.




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Britain's cornerstone: ROBERT HARDMAN says our defiant smaller stores still have all we need

ROBERT HARDMAN: As we confront the gravest national and global crisis since World War II, it is our shopkeepers who are rapidly emerging as one of the principal bulwarks against downright anarchy.




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Roma boss Paulo Fonseca wants to keep Man United loanee Chris Smalling for at least another year

The 30-year-old centre-back joined the Serie A side on loan last summer, and with that deal expiring at the end of this season, Fonseca is keen to keep the on-loan defender at the Stadio Olimpico.




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Tara Brown and 60 Minutes receive small fine for Sally Faulkner kidnapping

Tara Brown and her 60 Minutes crew will be charged with a misdemeanour for their role in the abduction of Sally Faulkner's children in Lebanon. The charge carries a fine of up to $670.




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An Inspector Calls: Making a big Deal of Bear's Well - a family home turned pretty small hideaway on the east coast of Kent

What to do when you find yourself in possession of the old family home, but don't want to sell it. In the case of one enterprising couple in Deal, you turn it into a boutique B&B. The Inspector checks in.




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Lockdown could last into JUNE with Boris Johnson's Sunday relaxation of restrictions to be small

The Prime Minister told the cabinet he will proceed with 'maximum caution' when it comes to easing restrictions, to avoid another rise in coronavirus cases in the UK.