Small Business

Source: TULA The rise of virtual hangouts and work meetings hasn’t been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold.  But there’s been a bright spot — the clean beauty market. Purveyors in the space generally offer products free of toxic chemicals and

Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, April 6, 2020. Stefani Reynolds | Bloomberg | Getty Images National Economic Council Director Larry Kudlow on Sunday said the White House has made no decision on providing further funding

When the coronavirus hit, small business owners were forced to navigate new territory and make difficult decisions – fully moving operations online, reducing staff or quickly creating new revenue streams. Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout from COVID-19. According to a survey conducted online in late

Over 90 years ago, Frank Gargiulo opened a business selling fruits and vegetables door to door.  Now Gargiulo Produce is based in a warehouse in Hillside, New Jersey, and in its fourth generation of family ownership. It sells food by the truckloads to companies all along the East Coast and to cruise ships that travel

Valerie Riley, owner of LifeSquire, a company with 22 employees based in Oklahoma City, got $140,000 in loan funding through the second round of the Paycheck Protection Program. Valerie Riley A forgivable loan program that re-opened for small businesses this week has proven much less chaotic than the initial round, according to some business owners

Mark Cuban told CNBC on Friday he believes small businesses in Texas face numerous challenges in trying to reopen safely and effectively during the coronavirus pandemic.  “There’s all these downstream issues that really haven’t been addressed yet, and small businesses haven’t been provided the support they need to actually get open,” said the Dallas Mavericks owner and

Anyone questioning their talents or abilities when embarking on a new career can take solace in this fact: even future Hall-of-Famers have doubts. That includes Terrell Davis, the former Denver Broncos star running back and NFL MVP, who won two Super Bowls in the 1990s. Davis, who was inducted into the NFL Hall of Fame

Owner Mark Cuban of the Dallas Mavericks reacts prior to the game against the Philadelphia 76ers at the Wells Fargo Center on December 20, 2019 in Philadelphia, Pennsylvania. Mitchell Leff | Getty Images Small businesses should apply to multiple banks in order to boost their chances of receiving a loan through the Paycheck Protection Program,

Large companies that received money from the small business loan program are not to blame, according to former TARP watchdog Neil Barofsky. “You have to go back to the design of the program itself,” Barofsky told CNBC on Thursday.  “I mean, Congress went out of its way to carve out businesses that have more than 500

Phynart Studio Prior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it’s time to plan. Although many financial plans

CNBC’s Jim Cramer on Tuesday criticized banks for approving small business loans to larger companies that were not meant to benefit from the federal Payroll Protection Program. “I just want to know who made the bad loans. Somebody did,” Cramer said on “Squawk on the Street,” suggesting the names of the banks who facilitated the

[The stream is slated to start at 3 p.m. TIME ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump on Tuesday is slated to deliver remarks on the Paycheck Protection Program. The government relief program offers forgivable loans to small businesses that keep employees on

Subway CEO John Chidsey on Wednesday defended the company’s franchisees who applied for small business loans to help offset the economic impacts from the coronavirus pandemic.  “We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece,” Chidsey said on CNBC’s “Squawk on the Street.”  “We are the ultimate mom-and-pop, if

Dr. Laura Heisler is hoping that the new round of congressional funding for the Payroll Protection Program will provide a lifeline to keep her practice afloat. The chiropractor has gone from seeing 15 patients a day to an occasional emergency case over the last month, since the coronavirus pandemic hit her community in New Rochelle,

Sen. Amy Klobuchar (D-MN) speaks during a campaign rally at the Altria Theatre on February 29, 2020 in Richmond, Virginia. Zach Gibson | Getty Images Sen. Amy Klobuchar and 21 other senators on Monday urged the Trump administration to take more steps to ensure the small businesses devastated most during the coronavirus pandemic do not

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