Small Business

Chairs and tables are seen outside a closed restaurant in Washington D.C., the United States, on April 24, 2020. Liu Jie | Xinhua via Getty Images After a year of unthinkable challenges for the restaurant industry, targeted aid is on its way. The Small Business Administration’s Restaurant Revitalization Fund opened its portal Monday, allowing hard-hit

In this article UBER Source: goPuff If you order potato chips, toothpaste or over-the-counter medication through the Uber Eats app, it will soon be fulfilled and delivered by start-up Gopuff. The two Softbank-backed companies announced a partnership Tuesday. Gopuff focuses on what it calls “everyday essentials,” items you would find in a convenience store. “It’s

A small business owner in Chinatown, San Francisco Source: CNBC The Paycheck Protection Program has run out of money for most borrowers before its planned May 31 end, the Small Business Administration said on Tuesday. Going forward, the program will only accept new applications from Community Financial Institutions, which typically serve minority borrowers, as about

Robert Herjavec, CEO, Herjavec Group Scott Mlyn | CNBC Robert Herjavec, “Shark Tank” co-host and Herjavec Group founder, said the pandemic year has reinforced a basic lesson about speed as a success ingredient: small business owners need to move quickly and make tough decisions to survive. The speed of decision-making accelerated during Covid-19 in an

Life is Good was on the verge of filing for bankruptcy protection last year, according to its CEO, but the retailer managed to overhaul its business strategy in a matter of weeks to have its best year ever during the Covid pandemic. “When [Covid] hit, 50% of our business was wholesale … and that business

Tobi Parks surveys drinks at her recently reopened arts and music venue, xBk, in Des Moines, Iowa. Lily DeTaeye Like many small business owners, Tobi Parks saw her business devastated by the Covid pandemic. Parks had to shut the doors of her independent arts and music venu,e xBk, in Des Moines, Iowa, in March of

President Joe Biden greets workers during a visit at W.S. Jenks & Son hardware store in Washington, D.C., U.S., on Tuesday, March 9, 2021. Yuri Gripas | Bloomberg | Getty Images Small business owners across the U.S. are more confident, but just barely, as fears about price inflation, hiring costs, tax hikes and partisan politics

In this article ITPC Getty Images Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax plan aims to help cover the $1.8 trillion American Families Plan, which pumps money into child care, paid

Taking risks can feel a lot easier if you have a safety net. For Tori Dunlap, founder of the woman-focused financial education company Her First 100K, that security came in the form of $100,000. Dunlap, 26, landed an entry-level marketing job after graduating college and soon learned that the corporate grind wasn’t for her. She

Bloomberg | Bloomberg | Getty Images April Harris of dessert company Keeping You Sweet, Melissa Butler of The Lip Bar, and Gwen Jimmere of Naturalicious share several things in common: they are Black female entrepreneurs who have succeeded building businesses on their own, and they have succeeded in winning deals with national retail partners including

President Joe Biden speaks during a joint session of Congress at the U.S. Capitol on April 28, 2021. Bloomberg | Bloomberg | Getty Images Some business owners may have breathed a sigh of relief when the White House released details of President Joe Biden’s tax plan. That’s because he indicated family owned businesses and farms

A new Singapore-inspired tax law will reduce corporate income tax and boost foreign investment in the Philippines, finance secretary Carlos Dominguez told CNBC, as the country moves to speed up its economic recovery. The Philippines’ so-called corporate recovery and tax incentives for enterprises (CREATE) act, which was signed into law last month, aims to provide

A son hugs his mother as a concessions worker hands over napkins and soda inside the AMC movie theater at the Westfield Century City shopping mall in Los Angeles, California, on Monday, March 15, 2021. Bing Guan | Bloomberg | Getty Images The Small Business Administration announced Friday that it will reopen an application portal

In this article JNJ US President Joe Biden makes a statement of a police shooting in Minnesota in the Oval Office of the White House after a meeting with members of Congress about the American Jobs Plan April 12, 2021, in Washington, DC. Brendan Smialowski | AFP | Getty Images President Joe Biden on Wednesday

In this article YELP Kevin Kahovec and Mary Kate McGovern chat at Rizzo’s Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021. Eileen T. Meslar | Reuters More than 500,000 new businesses opened across the United States in the past year, new data from Yelp showed,

Igor Golovniov/SOPA Images | LightRocket | Getty Images Mastercard announced Tuesday a multimillion dollar investment in Fearless Fund, a venture capital firm founded by Black women with the mission of investing in minority female entrepreneurs. The credit card giant also unveiled a partnership with Greenwood, a fintech firm aimed at Black and Latinx consumers and

Korena Keys’ small business was hard hit when the pandemic first took hold last year. Her digital media firm, KeyMedia Solutions in Sioux Falls, South Dakota, saw its sales plummet 60% in May from the previous year. She was able to secure a loan from the Small Business Administration’s Paycheck Protection Program for $115,000 to

PeopleImages | E+ | Getty Images Some taxpayers still need to send money to Uncle Sam this April, even though the IRS extended the tax-filing season to May 17. Those who make estimated tax payments are still on the hook for their first quarterly levy, which is due on the original tax filing deadline of

The Anthem, a popular live music venue, displays a message of support on their marquee on April 3, 2020 in Washington, DC. Drew Angerer | Getty Images At The Independent in San Francisco, it’s been a long, dark year in the most literal sense. The music and comedy shows that filled the venue’s stage and

Small business closures across the U.S. and the world are creeping back toward their pandemic peaks, according to a report from Facebook and the Small Business Roundtable. “It continues to be a very painful time for small businesses,” John Stanford, co-executive director of the Small Business Roundtable, told CNBC’s “Worldwide Exchange” on Thursday. The report,