Sweetgreen returns $10 million stimulus loan
"COVID-19 is an existential threat for many of the small businesses and restaurants that are critical to the fabric of this country," said Sweetgreen's co-founders.
Paycheck Protection Program
How one butcher is "reimagining" the future of her small business
After losing 45% of her business, Primal Supply Meats founder Heather Thomason was forced to pivot hard in 72 hours.
U.S. loan doors shut quickly on most minority and women owners
"I never thought I'd get anything because I am a minority and a woman," said one owner after her loan was rejected.
Senate approves $484 billion coronavirus relief package
The bill provides an additional $310 billion in funding to the Paycheck Protection Program for loans to small businesses.
Minority-owned small businesses could see relief in $484 billion aid bill
The Senate reached a deal to expand funding for the Paycheck Protection Program intended to provide loans to small businesses.
A criminal past means no Paycheck Protection Program loan
"It makes us feel like second-class citizens," said one ex-convict who was denied federal aid for his cleaning business.
Angry small businesses: Shake Shack gets money but we don't?
"To spend time and money on the application and to then get nothing is really a punch in the gut," said one small retailer.
Big banks "prioritized greed" in small business aid, lawsuits say
JPMorgan Chase small business client said he applied for loan first day it was available, but money was never approved.
Small businesses should beware phony PPP site, FTC says
Smaller employers should be wary of getting tricked into signing up for wrong program, federal regulator warns.
Paycheck Protection Program billions went to large companies, missed hot spots
Where did the U.S. government's nearly $350 billion in rescue loans to small businesses go? You might be surprised.
Shake Shack returning $10 million virus-linked small business loan
Burger chain says it got extra money through an "equity transaction" so it's giving back the funds it got through the CARES Act for other eateries to use
Rural hospitals shut out of coronavirus loan program
"It's survival money," one hospital CEO told CBS News. Without the funding, he said it would be difficult to operate "beyond a couple of months."
Business owner applied 4 times for Paycheck loan — nothing
She successfully submitted an application this week, finally, but is concerned all $350 billion has been spoken for.
Senate at impasse over small business loans as funding runs dry
Senate and White House negotiators have yet to reach an agreement to pass additional funding for the Paycheck Protection Program.
Paycheck Protection Program is out of money
U.S. Small Business Administration says it has made more loans in 14 days than it has made in 14 years.
Many small businesses say Paycheck program is deeply flawed
Millions of smaller employers may not benefit from the government's flagship loan program — here's why.
Small business owners call federal relief efforts a "hot mess"
Juliann and Kirk Francis furloughed some workers early to get a jump on unemployment benefits. It hasn't worked out.
Congress will not return to Washington until May 4
Most members will not return to Washington before May, but Congress can still pass measures with unanimous consent.
Small business owners fear loan money will run out
"True small businesses are at a disadvantage" in navigating the federal lending program, one owner said.
Citi last of big banks to start small business aid
A week after $350 billion small business relief started, Citi finally offering applications. Just not on its website.
Small business loans from SBA may not come fast enough
When one business owner went to apply for a loan with the bank, his banker "didn't know what was going on."
Brewery with Paycheck loan says it's not what businesses need
Heather Sanborn worries that the way the emergency lending program is set up could leave her saddled with debt.
Senate Democrats block $250 billion expansion of small business loans
Democrats have called for more money for hospitals and state and local governments.
Billions "disbursed" in relief loans? Small businesses say not yet
Although details are lacking, there is little evidence that many loans have actually been made yet under the program.
Fed paves way for Wells Fargo to boost small business lending
Bank had cited a regulatory cap in bowing out of government's Paycheck Protection Program with just $10 billion in loans.
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