small businesses

Governor Carney Announces Interim Steps Allowing Small Businesses; Universal Testing in Nursing Homes

Retail, hair dressers able to resume limited services while maintaining health guidelines WILMINGTON, Del. – Governor John Carney on Tuesday announced a series of interim steps allowing small businesses to resume limited operations effective 8:00 a.m. on Friday, May 8. The goal of the interim steps is to provide economic relief to Delaware citizens and […]





small businesses

SBP's Refinance Scheme for Small Businesses fails to take off

ISLAMABAD: The State Bank of Pakistan’s Refinance Scheme for Small Businesses has so far failed to take off due to multiple reasons as the commercial banks are not designed and fully equipped to provide credit line to Small and Medium Enterprises .“The SBP’s Refinance Scheme for...




small businesses

SBP's Refinance Scheme for Small Businesses fails to take off

ISLAMABAD: The State Bank of Pakistan’s Refinance Scheme for Small Businesses has so far failed to take off due to multiple reasons as the commercial banks are not designed and fully equipped to provide credit line to Small and Medium Enterprises .“The SBP’s Refinance Scheme for...




small businesses

State Bank's Refinance Scheme for small businesses fails to take off

ISLAMABAD: The State Bank of Pakistan’s Refinance Scheme for Small Businesses has so far failed to take off due to multiple reasons as the commercial banks are not designed and fully equipped to provide credit line to Small and Medium Enterprises .“The SBP’s RefinanceScheme for...




small businesses

Kyrgyz Republic: Partnering with the Private Sector and Helping Small Businesses Grow

The Second Investment Climate Improvement Program has included help for the government in constructing the policy, legal, and financial framework needed to encourage, negotiate, and close agreements for sound PPPs.




small businesses

Small businesses in Houston face long road to recovery

Josh Beasley and his fiancé bought Houston's Body3 Personal Fitness on July 1, less than two months before Tropical Storm Harvey swamped the gym with a foot of water and left behind the dank stench of fetid mildew.




small businesses

Your Money: Get aid or go bust? Small businesses face dilemma

Sara Pauly is not one of those small business owners scrambling to fill out paperwork for part of the more than $350 billion in government aid available through the Paycheck Protection Program or the...




small businesses

Tips for Renting out Office Space for Small Businesses

Renting an office space should be one of your top priorities at the onset of starting your business. However, it takes more than simply looking up available lots around town and choosing one at random. Here are some tips on the right way to rent out small business space.




small businesses

Nearly £1.5 billion given to small businesses in a week under government-backed coronavirus loan scheme

Small businesses struggling under coronavirus pressures have been handed nearly £1.5 billion in government-backed loans in just a week - more than double the loans provided since the scheme began in March.




small businesses

Rishi Sunak announces new micro loan scheme for small businesses worth up to £50,000

Loans to be available from next week as Government ramps up efforts to save small businesses from collapsing under financial fallout of Covid-19 crisis




small businesses

Kentucky-Based Defense Contractors, Owners Agree to Pay $6.25 Million to Resolve Allegations That They Submitted False Statements and Claims to Obtain Army Contracts Intended for Small Businesses

Kentucky-based Lusk Mechanical Contractors and Commonwealth Technologies, and their owners, Harry Lusk and Wendell Goodman, have agreed to pay $6.25 million to resolve allegations that they submitted false statements to the Small Business Administration and false claims to the Army, the Justice Department announced today.



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small businesses

Security Contractors Plead Guilty in Virginia to Illegally Obtaining $31 Million from Contracts Intended for Disadvantaged Small Businesses

Executives at two Arlington, Va.-based businesses have pleaded guilty to fraudulently obtaining more than $31 million in government contract payments that should have gone to disadvantaged small businesses.



  • OPA Press Releases

small businesses

Former Security Contractor Executives Sentenced for Illegally Obtaining More Than $31 Million Intended for Disadvantaged Small Businesses

Two executives at a Virginia-based security contracting firm were sentenced in the Eastern District of Virginia for their roles in using a front company to obtain more than $31 million intended for disadvantaged small businesses as part of the Small Business Administration’s (SBA) Section 8(a) program. This program allows qualified small businesses to receive sole-source and competitive-bid contracts set aside for minority-owned and disadvantaged small businesses.



  • OPA Press Releases

small businesses

Digital Transformation is Vital for Small Businesses

“Ten, twenty, thirty years ago, you were in the best position to go global if you were a large company and had a lot of resources and access to a lot of attorneys and advisors who could help you navigate regulations and issues that get more complicated as you go abroad.”




small businesses

Wanted: Data on the Gender Gap, Digital Divide and Small Businesses

We need it for inclusive policymaking




small businesses

How the Small Businesses Investment Company Program can better support America’s advanced industries

On June 26, Brookings Metro Senior Fellow and Policy Director Mark Muro testified to the Senate Committee on Small Business and Entrepreneurship about the need for the reauthorization of the Small Business Administration (SBA), and particularly on the Small Business Investment Company (SBIC) program, to be better positioned to further support America’s advanced industry sector.…

       




small businesses

Shut out of PPP loans, struggling with no child care: How Covid-19 is impacting women-owned small businesses

CNBC Make It spoke to female entrepreneurs about the impact today's pandemic is having on their companies as they fight for federal funding, pivot business operations and manage child-care.




small businesses

Fashion designer Rebecca Minkoff has advice for small businesses struggling through the pandemic

As co-founder and creative director of her own fashion line, Rebecca Minkoff understands the current struggles small-business owners are now facing — especially women. Here's her advice on how to survive.




small businesses

Instagram announces new features for small businesses including gift cards, food orders and fundraisers

Starting Wednesday in the U.S. and Canada, Instagram users can tap on a gift card or food order to make a purchase through a company's site. Fundraisers created by a business or its supporter open on Facebook.




small businesses

Hollywood's small businesses in crisis as coronavirus shuts everything down

Of the 5,900 businesses in Hollywood, 99.5% have less than 500 employees, and over 90% have fewer than 10 employees. Many are being forced to layoff or furlough employees as the coronavirus pandemic drags on.




small businesses

Clock ticking for small businesses squeezed out of government loans, now have a few months or less to survive, survey reveals

Only 13% of small businesses that applied for relief through the Paycheck Protection Program have received funding, according to the CNBC/SurveyMonkey Small Business Survey released Monday.




small businesses

Klobuchar, Warren urge FTC to take more steps to help small businesses avoid coronavirus scams

Amy Klobuchar and Elizabeth Warren raise concerns about scammers taking advantage of business owners seeking aid during the coronavirus.




small businesses

'Shark Tank' investor Kevin O'Leary: 20% of small businesses that got federal loans will fail

The "Shark Tank" investor also tried to look at the bright side: "So 80% are going to make it, in my view. That means it was a great investment."




small businesses

Op-Ed: SBA chief pledges 'every available resource' to aid small businesses

All small businesses are eligible, including non-profits, self-employed individuals, sole proprietorships, and independent contractors, writes SBA Administrator Jovita Carranza.




small businesses

7.5 million small businesses are at risk of closing, report finds

Millions of small businesses will close permanently if disruption caused by the coronavirus pandemic persists, according to a new survey from Main Street America.




small businesses

Support small businesses with gift cards – but know the risks

Purchasing gift cards are a way to support struggling small businesses. But if they don't make it out of the pandemic, you will be out of pocket.




small businesses

Designer Rebecca Minkoff's advice for small businesses trying to survive the coronavirus pandemic

As co-founder and creative director of her own fashion line, Rebecca Minkoff understands the current struggles small-business owners are now facing — especially women. Here's her advice on how to survive.




small businesses

Coronavirus: UK chancellor on new microloan scheme for small businesses

Firms will be able to borrow up to £50,000, which will be interest free for the first year.




small businesses

Tax-News.com: COVID-19: Netherlands Announces Extra Tax Help For Small Businesses

On April 2, 2020, the Dutch Ministry of Finance announced that the rules for requesting tax payment deferrals have been simplified and extended to cover additional taxes.




small businesses

Simple and Easy Tips for Entrepreneurs and Small Businesses Amid COVID-19

COVID-19: Experts from University at Buffalo School of Management have suggested simple tips to entrepreneurs and local businesses ride out the storm.




small businesses

Credit crunch squeezing entrepreneurs and small businesses more than big firms

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.




small businesses

Coronavirus: Government support for small businesses — Your questions answered

Claer Barrett wants to hear readers’ experiences of accessing business interruption loans




small businesses

Live Q&A: ‘Bounce back loans’ for small businesses

Your chance to grill FT experts on the government’s rescue measures for small businesses




small businesses

Small businesses locked out of government grant scheme

English companies with shared offices excluded from coronavirus rescue package




small businesses

Can Congress save US small businesses? FT reporters answer your questions

Laura Noonan and Lauren Fedor respond to your queries on the state of SBA rescue funds




small businesses

Small businesses are not ‘all in it together’

Readers say they fall between the cracks of government support schemes




small businesses

UK Budget sides with small businesses, with a caveat

The chancellor need beware that policies introduced in a crisis are hard to end later




small businesses

Townsquared Raises $5.3M To Expand A Nextdoor-Like Experience For Local Retail, Small Businesses

Even though Rohit Prakash was a dual MD and PhD researching optogenetics at Stanford University, his entrepreneurial itch kept returning him to his family’s small business roots. He and his co-founder Nipul Patel began researching the travails of small business owners, interviewing countless entrepreneurs, trying to figure out what their risks were or what caused […]




small businesses

PayPal, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program, which provides aid in the form […]




small businesses

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




small businesses

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




small businesses

'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




small businesses

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,




small businesses

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.




small businesses

$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.




small businesses

RUTH SUNDERLAND: Autumn Statement does little to address issues holding small businesses back

George Osborne did not address problems such as low levels of investment, lack of access to finance, and high energy costs.




small businesses

Autumn Statement: Small businesses react positively as rate relief continues

The Autumn Statement contained some good news for entrepreneurs as George Osborne pledged to carry on exempting micro companies from paying business rates.




small businesses

Chancellor's VAT changes will tie small businesses up in unnecessary knots

The Flat Rate Scheme for VAT, designed to cut bills and red tape for small firms, is being overhauled in a measure the Chancellor said would stem abuse of the scheme.




small businesses

Steven Mnuchin claims deal with Democrats on relief for small businesses could be reached TODAY

Steven Mnuchin said that a deal for small business relief could be reached within Democrats as early as Sunday night as he continues negotiations with Chuck Schumer and Nancy Pelosi.