Small Business

A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600

A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending.  Even before the state shutdowns took

People wait in line to receive food at a Food Bank distribution for those in need as the coronavirus pandemic continues on April 9, 2020 in Van Nuys, California. Mario Tama | Getty Images This week, Congress approved $310 billion to add to the initial $349 billion Paycheck Protection Program (PPP). The program provides small

Father-daughter team Steve and Leah Kim model the masks their New York City alterations business, Master Tailor, started making when the coronavirus hit. When New York City largely shut down last month due to the spread of Covid-19, it was a devastating blow for some businesses. That included the Master Tailor, an alteration shop on

A customer taste tests a beer before ordering a growler to go at Harlem Public in northern Manhattan. April 24, 2020 Spencer Kimball | CNBC Just when Kal Narvilas thought his loan applications were about to get approved, his bank delivered the bad news — there was no more money left.   The $349 billion Paycheck

A sign alerts Potbelly Sandwich Shop customers that it is open for pick-up and takeout only due to the coronavirus outbreak in Washington, D.C., U.S., on Tuesday, March 17, 2020. Photographer: Andrew Harrer/Bloomberg via Getty Images Andrew Harrer | Bloomberg | Getty Images Potbelly said Saturday that it will return its $10 million loan from

Fabian Videla Source: Fabian Videla In March, Fabian Videla realized that his 20-year-old construction and renovation company, Smarter Remodeling,in Jacksonville, Florida, might not survive the coronavirus outbreak.  “People started canceling sales appointments,” Videla, 49, said. “Current customers were apprehensive about letting crews in their houses. All of a sudden, it was a massive shutdown.” Soon,

U.S. President Donald Trump speaks during a news conference in the White House in Washington, D.C., U.S., on Thursday, April 23, 2020. Michael Reynolds | Bloomberg | Getty Images President Donald Trump signed a $484 billion coronavirus relief package into law Friday as Washington plans the next steps in its unprecedented attempt to rescue an

Senate Minority Leader Chuck Schumer, a Democrat from New York, speaks during a news conference on Capitol Hill in Washington, D.C., on Tuesday, April 21, 2020. Sarah Silbiger | Bloomberg | Getty Images Three leading Democratic senators are urging the Small Business Administration to investigate whether banks gave the wealthy preferential treatment as they doled

Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with

Food Network star Willie Degel said Thursday he does not plan to immediately open his restaurant in Georgia when the state’s coronavirus-related restrictions on his business are relaxed next week.  “Being that we’re more of a middle-serve, finer-dining restaurant, I’m going to wait on the sidelines and see how the customers are reacting,” Degel said

House Speaker Nancy Pelosi of Calif. arrives on Capitol Hill, Thursday, April 23, 2020, in Washington. Andrew Harnik | AP The House passed a $484 billion package Thursday to bolster small businesses and hospitals ravaged by the coronavirus crisis and expand testing desperately needed to start the return to normal life. Donning face coverings and

The owner of a Georgia barbershop said she is not planning to open her doors Friday, when the state lifts coronavirus-related restrictions for businesses like hers. “I’m definitely not opening this Friday. I don’t have a calendar date for opening,” Diane Fall said Thursday on CNBC’s “Squawk Box.” Fall, who owns Maxim Barbers in Decatur, Georgia,

A pedestrian walks past a boarded up Lori’s Diner in San Francisco, California, U.S., on Tuesday, March 24, 2020. David Paul Morris | Bloomberg | Getty Images WASHINGTON – State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to

Temporary closed signage is seen at a store in Manhattan borough following the outbreak of coronavirus disease (COVID-19), in New York City, U.S., March 15, 2020. Jeenah Moon | Reuters Over half of chief executives around the world believe coronavirus is a significant threat to their business, but worse, 11% fear their business won’t survive

Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more money collecting unemployment benefits than from their regular paychecks. Jamie Black-Lewis Jamie Black-Lewis felt like she won the lottery after getting

NEW YORK, NEW YORK – JULY 30: Alan Rosen visits the Build Brunch to discuss Junior’s Restaurant & Bakery at Build Studio on July 30, 2019 in New York City. (Photo by Gary Gershoff/Getty Images) Gary Gershoff Small-business owners who got a forgivable loan from the $349 billion Paycheck Protection Program must now decide what

Howard Schultz said Tuesday that additional funding for the Paycheck Protection Program is not adequate to help small restaurants survive the coronavirus pandemic.  “What’s needed is not another version of PPP. Again, good intent but it’s the wrong medicine,” the billionaire former Starbucks CEO said on “Squawk Box.”  Rather, Schultz said he believes the government needs to create

Coca-Cola Chairman and CEO James Quincey said Tuesday that easing restrictions on business during the coronavirus pandemic needs to be done with an understanding it may not last.  “We shouldn’t assume that each step forward is permanent necessarily,” Quincey said on CNBC’s “Squawk on the Street.”  People must recognize that the economic restart must be done in

As the coronavirus pandemic continues to take its toll on the U.S. economy, a new survey from the National Restaurant Association lays out how dire the situation is for the industry. More than two-thirds of the restaurant workforce, or 8 million employees, have lost their jobs as shelter-in-place orders and mandatory closures have severely impacted