Small businesses can now borrow up to $500,000 through a government disaster loan program.

Companies harmed by the coronavirus pandemic can quickly borrow up to $500,000 through the Small Business Administration’s emergency lending program, elevating a cap that has pissed off many candidates. “The pandemic has lasted longer than expected,” Isabella Casillas Guzman, the company’s administrator, mentioned on Wednesday. “We are here to help…

For Gig Workers and Business Owners, Taxes Are Even Trickier Now

Tax time is at all times difficult for freelancers and enterprise homeowners, however this yr, it’s particularly swampy. Pandemic reduction applications that helped small firms and self-employed people created new tax challenges. And many individuals had unusually jumbled patchworks of jobs and earnings sources final yr. “I’m kind of scared,”…

Biden Changes P.P.P. Rules for Self-Employed People, Pauses Some Applications

Aiming to put its own stamp on the Paycheck Protection Program, the Biden administration on Monday abruptly changed crucial program rules in ways intended to help the smallest and neediest companies, which have sometimes struggled to obtain aid from the federal relief effort. But the changes risk throwing an already…

When Can I Apply for a P.P.P. Loan? Program Will Restart Next Week, but Not for All

Lenders who specialize in working with Black- and minority-owned small businesses will have a head start in tapping Paycheck Protection Program funds when the program reopens next week, a move meant to address complaints that the aid was not distributed equitably the last time around. Starting on Monday, borrowers will…

For Those Behind Corporate Events, Parties Are on Pause

It has been a devastating year for those in the events business. Todd Fiscus, of Dallas-based Todd Events, said his company made $2.4 million in December 2019 alone from largely corporate holiday gatherings. But this year, his December revenue will drop to just $191,000. Between Thanksgiving and the end of…

It’s a Terrible Time for Small Businesses. Except When It’s Not.

A counterintuitive silver lining to the pandemic is developing: While droves of small businesses across the United States have been crushed by Covid-19 and its restrictions, others have been pushed to lift off. There has been a surge in new business start-ups this year, according to the U.S. Census Bureau.…

Can a Start-Up Mentality Save Small Businesses?

In early February, things were looking good for Practice San Francisco, a center offering individual psychotherapy and classes for children and adults that promote physical and mental well-being. Business was so good that owner Nina Kaiser, a psychologist, had just renovated and moved into a bigger space with the goal…