Magic Johnson giving $100M in loans to minority-owned businesses struggling amid COVID-19 pandemic
Advocates say small and diverse businesses are inherently at a disadvantage when it comes to the SBA’s Paycheck Protection Program.
Virginia small businesses approved for $12.7B in aid loans amid pandemic
More than 86,000 federal loans totaling $12.7 billion have been approved for small businesses in Virginia for relief amid the coronavirus pandemic.
Small business loan program plagued by outages, delays as second wave of aid begins
E-Tran, the Small Business Administration's electronic system used to help process applications for government-backed aid, has suffered glitches amid the first wave of applicants.
Tips for helping small businesses stay afloat during the coronavirus pandemic
Many small businesses are trying to navigate through the COVID-19 pandemic, some forced to lay off workers, shutter their doors, with no luck getting federal assistance. But financial experts say there are some ways to keep the cash coming in even if you’re not getting a lifeline from the government.
DC-area music venues asking lawmakers for financial help during COVID-19 pandemic
A coalition of D.C. area music venues are asking lawmakers for aid in order to keep the live music business music going.
Some small businesses say ‘no’ to Paycheck Protection Program funding
The Paycheck Protection Program ran out of its $349 billion fund in just two weeks. Recently, the Senate passed an additional $300 billion in funding for the program.
Small business microgrants to be awarded in DC by the end of the month
It has been 28 days since D.C. Mayor Muriel Bowser (D) ordered all nonessential businesses in the city to close -- a decision that forced thousands of layoffs and a flood of applications for unemployment benefits.
Congress’ $300B package for small businesses may only last days: report
Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely run out of money in just a few days.