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Stories Tagged as

Small businesses

COVID-19

Breaking down the new COVID-19 relief bill

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Apr 22, 2020
The nearly half-a-trillion dollar bill would replenish the program to help small businesses.
$310 billion goes toward loans for small businesses, the Paycheck Protection Program.
Saul Loeb/AFP via Getty Images
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COVID-19

Why did restaurant chains like Shake Shack get small business aid?

by Janet Nguyen
Apr 20, 2020
The chain restaurant Shake Shack received $10 million in small business loans, which it’s now returning.
A view of Shake Shack's Madison Square Park location.
Andrew Burton/Getty Images
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COVID-19

The small business loans program is basically out of cash. What's next?

by David Brancaccio , Amy Scott and Alex Schroeder
Apr 16, 2020
There's concern that the hardest hit businesses aren't getting enough help.
There's bipartisan agreement over the fact that there should be more money available, but members of Congress are at odds on how to get it done.
Johannes Eisele/AFP via Getty Images
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COVID-19

The small business loan rollout wasn't so smooth

by Justin Ho
Apr 6, 2020
The Small Business Administration is guaranteeing paycheck protection loans. But applying for one of them hasn't been so simple.
"I'm just inclined to feel like a week wasn't enough to organize, you know, a $350 billion small loan program," one business owner said.
Spencer Platt/Getty Images
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COVID-19

Here’s what we know about the government’s small business loan program (so far)

by Janet Nguyen
Apr 3, 2020
About $349 billion, in the form of loans, has been set aside for small businesses.
andresr/Getty Images
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COVID-19

Why small business loans for COVID-19 relief may be delayed

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Apr 3, 2020
The federal government's guidelines for banks only went out Thursday night — hours before the program was supposed to start.
Can banks really start writing emergency loans to small businesses today as expected?
Christian Petersen/Getty Images
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Check Your Balance ™️

I can't afford rent for my small business because of COVID-19. What can I do?

by Samantha Fields
Apr 1, 2020
Check your lease, call your landlord, and get ready to apply to the new federal Paycheck Protection Program.
Many restaurants and businesses are grappling with whether and how to pay rent.
Al Bello/Getty Images
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COVID-19

As people stay at home, small businesses struggle

by Justin Ho
Mar 12, 2020
One Manhattan retailer is seeing 60%-80% drops in revenue this week.
Small businesses rely on foot traffic, which is noticeably down during the coronavirus pandemic.
Pierre Verdy/AFP via Getty Images
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The Season

One thing you can't buy online? Holiday nostalgia

by Rose Conlon
Dec 4, 2019
Younger shoppers in particular value the brick-and-mortar shopping experience, research shows. Bash Party Goods takes that idea to heart.
Angela Wator hopes the in-store shopping experience draws consumers to her Chicago-based party store Festive Collective.
Courtesy of Bash Party Goods
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Key measure of entrepreneurship has fallen since Great Recession

by Scott Tong
Sep 6, 2019
The formation of new businesses that hire workers and have payroll is lagging, according to new data from the Census Bureau.
A "closing sale" sign stands outside one of the last few open stores at the Schuylkill Mall in Frackville, Pennsylvania. The mall closed in 2018.
Spencer Platt/Getty Images
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