Small business financing

FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Government aid my simply be too little too late. (AP Photo/Paul Sancya, File)
AP News
April 26, 2020 - 12:24 pm
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are...
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President Donald Trump pauses while speaking about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 23, 2020, in Washington. (AP Photo/Alex Brandon)
AP News
April 24, 2020 - 6:42 am
WASHINGTON (AP) — President Donald Trump will be holding a signing ceremony Friday for a bill providing a nearly $500 billion infusion of coronavirus spending, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one...
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A man wears a face mask as he leaves a business that remains open in downtown San Antonio, Wednesday, April 22, 2020. San Antonio remains under stay-at-home orders due to the COVID-19 outbreak and residents are required to wear face coverings or masks whenever in public. (AP Photo/Eric Gay)
April 23, 2020 - 7:52 pm
NEW YORK (AP) — Small business owners still applying for loans under the government's coronavirus relief program may end up disappointed — the $310 billion being added to the program may already be spoken for. Banking industry groups say the volume of applications already sent to the Small Business...
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FILE - In this Friday, Sept. 27, 2013, file photo, people walk past a Potbelly Sandwich shop in New York. The federal government is making it tougher for public companies to tap a small business relief program, and seeking refunds in some cases from companies that already did. Although the intent of the program is to help small businesses hit by the coronavirus outbreak, some publicly traded companies did secure loans, setting off a backlash. (AP Photo/Tali Arbel, File)
April 23, 2020 - 6:20 pm
NEW YORK (AP) — Big public companies that received loans under a government program intended to help small businesses devastated by the coronavirus outbreak could be forced to return it. The Small Business Administration issued an advisory Thursday clearly aimed at companies like restaurant chains...
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April 22, 2020 - 5:13 pm
NEW YORK (AP) — The idea of taking government money was once anathema to news organizations that guarded their independence, but attitudes change when survival is at stake. Axios disclosed to readers of its daily newsletter on Wednesday that it had received a small business loan as part of the...
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In this Tuesday April 21, 2020 photograph, Laury Hammel, CEO and founder of the Longfellow Health Clubs and the Salt Lake Tennis and Health Club, poses at the Wayland, Mass. facility, closed due state COVID-19 restrictions. Small businesses, who get government relief money are expected to rehire workers, are unsure when the business will reopen and how it will operate. (AP Photo/Charles Krupa)
AP News
April 22, 2020 - 10:45 am
WASHINGTON (AP) — Some small businesses that obtained a highly-coveted government loan say they won’t be able to use it to bring all their laid-off workers back, even though that is what the program was designed to do. The Paycheck Protection Program promises a business owner loan forgiveness if...
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House Speaker Nancy Pelosi of Calif., speaks with reporters alongside Senate Minority Leader Sen. Chuck Schumer of N.Y. after the Senate approved a nearly $500 billion coronavirus aid bill, Tuesday, April 21, 2020, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
AP News
April 21, 2020 - 6:49 pm
WASHINGTON (AP) — A $483 billion coronavirus aid package flew through the Senate on Tuesday after Congress and the White House reached a deal to replenish a small-business payroll fund and provided new money for hospitals and testing. Passage was swift and unanimous, despite opposition from...
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FILE - In this March 16, 2020, file photo, a bread delivery is made to a Shake Shack restaurant in the Brooklyn borough of New York. The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding. (AP Photo/John Minchillo, File)
Associated Press
April 20, 2020 - 2:37 pm
Some big restaurant chains have obtained loans from the government under a small-business relief program, leading business groups to call for changes to the program before Congress provides it with new funding. The Paycheck Protection Program exhausted its $350 billion in funding last week and many...
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FILE - In this April 13, 2020, file photo President Donald Trump listens as Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room at the White House in Washington. The Trump administration and Congress are nearing an agreement as early as Sunday, April 19, on a $400-plus billion aid package to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. (AP Photo/Alex Brandon, File)
AP News
April 19, 2020 - 7:07 pm
WASHINGTON (AP) — The Trump administration and Congress are nearing an agreement on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. President Donald Trump said Sunday, “We're getting close to a...
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Senate Majority Leader Mitch McConnell of Ky., walks to his office on Capitol Hill in Washington, Thursday, April 9, 2020. Senate Democrats on Thursday stalled President Donald Trump's request for $250 billion to supplement a "paycheck protection" program for businesses crippled by the coronavirus outbreak, demanding protections for minority-owned businesses and money for health care providers and state and local governments. (AP Photo/Patrick Semansky)
April 16, 2020 - 1:50 pm
WASHINGTON (AP) — With a key coronavirus rescue fund exhausted, lawmakers faced new pressure Thursday to break a stalemate over President Donald Trump’s $250 billion emergency request to replenish the program that helps small businesses keep workers on their payroll. Senate Minority Leader Chuck...
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