The Biden administration is readying changes to the PPP aimed at targeting assistance to businesses that employ 20 or fewer workers and those that are minority-owned.
The U.S. Small Business Administration and the U.S. Treasury Department relaunched the Paycheck Protection Program, or PPP, loan portal Monday.
On Thursday, a Prince George’s County councilmember and the PFC Black Chamber of Commerce launched an effort to support some of the county’s smallest businesses. The two are asking for the community’s help to keep it going.
Sandwiched between Black Friday and Cyber Monday is Small Business Saturday, a national initiative to shop local and break away from large box stores. However, this year shoppers will notice a few changes because of COVID-19.
Holiday shopping is just one more thing the pandemic has turned upside down this year.
A local brewery says it has its hands full after a burglar smashed its windows and walked away with "multiple bottles" of beer overnight.
Bill introduction comes as Congress, White House grapple with a fourth coronavirus aid package to help US economy.
The Chuck Brown Foundation is helping Go-Go bands hit hard during the pandemic.
Advocates say small and diverse businesses are inherently at a disadvantage when it comes to the SBA’s Paycheck Protection Program.
More than 86,000 federal loans totaling $12.7 billion have been approved for small businesses in Virginia for relief amid the coronavirus pandemic.
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.
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.
A coalition of D.C. area music venues are asking lawmakers for aid in order to keep the live music business music going.
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.
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.
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.