Tag: PPP

Local and State Governments Have Distributed $9.27 Billion in Small Business COVID Relief

Happy business owner hanging an open sign during COVID-19

According to a policy brief by the Institute for Local Self-Reliance (ILSR) state and local governments have so far provided $9.27 billion in small business COVID Relief. The localized relief came through the establishment of more than 800 programs. They were aimed to not only provide financial assistance to small businesses but also fill critical… Continue reading Local and State Governments Have Distributed $9.27 Billion in Small Business COVID Relief

Rock Bands Among Groups Receiving PPP Loans for Postponed Tours

Musical band sitting on stage and having rehearsal

With concert tours almost completely shuttered through the ongoing COVID-19 pandemic since March, some of the biggest acts in music — including the Eagles, Pearl Jam, Guns N’ Roses and Green Day — have received federal funding to support their crews for any current and future postponed tours, according to data released Monday by the… Continue reading Rock Bands Among Groups Receiving PPP Loans for Postponed Tours

Over 80% of U.S. Small Businesses Expect Impact of Pandemic to Last 12-16 Months

Warehouse Workers

Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monday. San Francisco-based Veem, which helped thousands of small companies apply for loans under the federal… Continue reading Over 80% of U.S. Small Businesses Expect Impact of Pandemic to Last 12-16 Months

Senate Passes Bill for Additional Small-Business Aid

Portrait of a happy African American woman opening a small business and hanging a sign on the door - female empowerment concepts

Congressional leaders struck an agreement with the White House to deliver more than $480 billion in aid to small businesses and hospitals, the federal government’s latest effort to blunt the economic and health-care crisis caused by the coronavirus pandemic. The top Democrats and Republicans on Capitol Hill said Tuesday they reached a deal with Treasury… Continue reading Senate Passes Bill for Additional Small-Business Aid

Congress & Administration Near Deal on Additional COVID-19 Aid for Small Businesses

Appellate court reverse Elegant Massage COVID case

Lawmakers and the Trump administration were closing in on a more than $450 billion agreement that would replenish a program for small businesses battered by the coronavirus and related shutdowns, aiming to end a weekslong impasse over the popular loan program. Treasury Secretary Steven Mnuchin said on Sunday that he was hopeful that the two… Continue reading Congress & Administration Near Deal on Additional COVID-19 Aid for Small Businesses