Small Business

People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters Lia Hakim was excited to get her $292,000 loan from the federal Paycheck Protection Program to cover payroll at

Billionaire entrepreneur Mark Cuban told CNBC on Monday that coronavirus safeguards in place at the White House need to become the norm before most Americans will feel comfortable going out again. “We have to get to that point where the White House standard becomes the national standard, I think, in order for consumers to feel safe going out,

The coronavirus-induced economic shutdown has left millions across the U.S. jobless, with business owners struggling to remain open and unsure how to move forward. Because of this, the financial savvy investors on ABC’s “Shark Tank” shared a few pieces of advice during Friday’s episode – including how to save, handle rent and remain productive at home

A woman using her laptop to work from home. 10’000 Hours For many people, starting a company in the midst of a global economic crisis is the last thing on their lockdown to-do list. But it might not be such a crazy idea. According to entrepreneurs and start-up investors CNBC spoke with, now might even

Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017. Tom Williams | CQ Roll Call | Getty Images Sens. Amy Klobuchar and Elizabeth Warren are pushing the Federal Trade Commission to take more steps

A worker for United Parcel Service Inc. (UPS) makes deliveries on a street with closed stores in the Borough Park neighborhood in the Brooklyn, New York, April 7, 2020. Stephanie Keith | Bloomberg via Getty Images Minority, women-owned and rural small businesses may not have received loans under the Paycheck Protection Program because the Small

Kevin O’Leary told CNBC on Thursday that he believes around 20% of small businesses that received federal loans to weather the coronavirus pandemic won’t ultimately survive.  “They’re going to go bankrupt because this loan provision is really a Feb. 15 to June 30 event and if you haven’t figured out alternate distribution strategies by then, you

Fashion designer Rebecca Minkoff is on a mission to help female entrepreneurs through the coronavirus pandemic. “Right now is a trying time for small businesses and women in general,” said Minkoff, 39, and the co-founder and creative director of her own fashion line.  “We already are set up, you know, making 80 cents on the

For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions about what the future looks like and how many jobs will be available

Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post The Small Business Administration is applying

Odds are the screen you are using to read this was hauled in a truck at some point.  More than 70% of freight in the U.S. is moved by truckers, making the job an essential part of the economy.  Eight years ago, April Coolidge decided in her mid-40s to stop selling real estate and start

With the U.S. economy largely shut down and the number of jobless Americans growing by millions each week, lawmakers in March moved swiftly to approve a historic stimulus package that would inject trillions of dollars into the economy as incomes and revenues evaporated.   The Coronavirus Aid, Relief, and Economic Security, or CARES, Act injects

boonchai wedmakawand Coronavirus scams are on the rise — and thieves are targeting your financial relief from the government.  Federal agencies like the IRS, Federal Trade Commission, Social Security Administration and FBI have warned consumers and business owners in recent weeks to be vigilant as fraudsters try to take advantage of them during the coronavirus pandemic.

toondelamour Business owners who received loans through the Paycheck Protection Program and don’t need it have until May 14 to return the cash. The PPP – a forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest and other expenses – was just refilled to the tune

States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small-business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus in the United States, less than 20 percent of small businesses have been approved to receive

Ranking member Sen. Ron Wyden, D-Ore., left, speaks with chairman Sen. Chuck Grassley, R-Iowa, during the Senate Finance Committee hearing on “The United States-Mexico-Canada Agreement” on Tuesday, July 30, 2019. Bill Clark | CQ Roll Call | Getty Images Companies that cover the cost of health insurance for their furloughed workers may miss out on

U.S. President Donald Trump speaks to reporters as Senator Roy Blunt (R-MO) and Small Business Administration (SBA) Administrator Jovita Carranza look on during a signing ceremony for the “Paycheck Protection Program and Health Care Enhancement Act,” approving additional coronavirus disease (COVID-19) relief for the U.S. economy and hospitals treating people sickened by the pandemic, in

Dean Smith (center) with Shannon Leedy (right) and Joanne Farrugia (left) at their JaZams toy store in Princeton, New Jersey. Photo: Martha Esch During the coronavirus pandemic, gift cards are nothing short of a lifeline for some small businesses. “Every bit helps,” said Dean Smith, a co-owner of Jazams, a boutique toy store with locations

An empty Springfield Avenue in Summit, New Jersey on a Friday afternoon under Covid-19 pandemic lockdown. Ira L. Black | Corbis | Getty Images Small business owners across the U.S. are in an impossible situation: They fear that their firms may go under in a matter of months if state lockdowns caused by Covid-19 don’t

A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Corbis via Getty Images The 30.7 million small businesses on Main Street that generate 50% of U.S. GDP have been hard-pressed to receive the government relief they need to stay in business.