Small Business

CNBC’s Jim Cramer on Thursday praised the Federal Reserve‘s latest moves to help keep afloat a U.S. economy that’s been battered by the coronavirus pandemic. Before the stock market opened, the Federal unveiled details of its much-anticipated Main Street lending program and other initiatives, a total of $2.3 trillion in loans to help businesses and municipalities.

There are now about 20,000 shops on Etsy selling face masks, CEO Josh Silverman told CNBC on Wednesday.  “Our sellers are able to produce hundreds of thousands of masks per day,” Silverman said on “Closing Bell.” Etsy began to see “overwhelming demand” for masks from shoppers last week after the Centers for Disease Control and Prevention began

Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg | Getty Images Banks are scrambling to process a growing backlog of applications for the

Weddings are largely considered recession-proof.  From flowers to photography, celebrations of marriage are a $74 billion industry, according to market research firm IBISWorld. Even as more millennials delay marriage, those who do decide to tie the knot are spending more on their big day. Until now. Amid a global pandemic, tens of thousands of couples have

Andrew Harrer | Bloomberg | Getty Images In the 11 weeks since the novel coronavirus first made its way to the U.S., Americans have been forced to conform to sweeping changes as schools and businesses made the move to shut down and governments enforced lockdowns, stating individuals must be confined to their homes to stop

Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg | Getty Images Small businesses are clamoring for funds from a new forgivable loan program to combat the economic toll of the coronavirus pandemic. But

A Monopoly club at a library is used to teach financial literacy to teenagers. ASTRID RIECKEN | The Washington Post | Getty Images Americans are still receiving a failing grade at personal finance, according to the latest results from an annual study. And it could not come at a worse time, with the coronavirus pandemic

Jen Morrow is eagerly awaiting an update from her community bank, Sandy Spring, on a $30,000 loan request for her book store, Bards Alley, in Vienna, Virginia. Since the start of the coronavirus outbreak, Morrow has gone from 12 employees to a staff of just three, including herself, as her bookstore — typically filled with book

A framing art gallery is closed in Venice Beach, California’ during the COVID-19 novel coronavirus. APU GOMES/AFP via Getty Images Some small-business owners are growing increasingly worried that loan money being distributed as part of the coronavirus relief package will run out before they can access funds. The Paycheck Protection Program, which is being overseen

People use a Bank of America automated teller machine in Washington. Nicholas Kamm | AFP | Getty Images Bank of America said Monday that it’s seen fierce demand for emergency rescue loans with current applications already accounting for nearly 10% of the entire amount allocated by Congress. The bank confirmed that it has received applications

Protective masks for sale are displayed in a store in the Bushwick neighborhood of Brooklyn on April 2, 2020 in New York City. Stephanie Keith | Getty Images As the fight against the coronavirus continues, states are emphasizing the shortage of personal protective equipment for their health-care and front-line workers. Companies like Apple, AB Inbev and

Ursula von der Leyen, incoming president of the European Commission, left, speaks during news conference at the European Parliament, in Strasbourg, France, on Tuesday, July 16, 2019. Bloomberg | Bloomberg | Getty Images European tech industry groups are stepping up their lobbying efforts to ensure the EU supports start-ups hit hard by the coronavirus crisis.

Jourdain Degarmo, CEO of Mr. Muggles’ Dogs Joe Drypolcher Jourdain Degarmo had to lay off all seven employees from his doggie day care in San Francisco last month after California’s shelter-in-place order required non-essential workers to stay home. Degarmo has continued paying salaries with his cash on hand but needs help from the government to keep

Daniel Chan is among a number of small-business owners who rely on the tech industry’s parties and conferences and are now staring at blank calendars with no idea of when they will be able to return to their livelihoods. Courtesy of Daniel Chan Daniel Chan makes a good living doing magic shows around the San

Leaning on his experience as a restaurant owner, CNBC’s Jim Cramer said Friday the U.S. government has an obligation to aid small businesses that are shut down during the coronavirus pandemic. “I had a business that was closed. It was doing great, and then one day I learned I was closed,” Cramer said on “Squawk on the Street.”

Film producer Jeffrey Katzenberg said Friday he doesn’t think the movie industry has to choose between releasing movies on the big screen or debuting them on streaming services.  “I don’t think these things are mutually exclusive,” the co-founder of DreamWorks Animation said on CNBC’s “Closing Bell.”  In fact, Katzenberg said he believes the film industry

Carlina Teteris Business owners have been eagerly anticipating a $349 billion loan program meant to cushion the economic blow of the coronavirus pandemic. Some will have to wait a little longer. The Paycheck Protection Program, which officially opened for borrowers Friday morning, provides up to $10 million in forgivable loans to small businesses with 500

A view of an empty restaurant is seen at Grand Central Station on March 25, 2020 in New York City. Angela Weiss | AFP | Getty Images Barry O’Donovan opened his Irish pub across from a  railroad station used by Wall Street commuters just five days before Lehman failed. His business survived the Great Recession. 

As small business owners await a much-needed lifeline Friday in the form of a massive expansion of the Small Business Administration’s 7(a) lending program, new data show just how dire the situation is for Main Street as questions circulate about the program’s readiness. The National Federation of Independent Business’ Research Center is out with a

Companies throughout the country trying to keep employees informed about coronavirus are facing another threat in the form of a flood of malicious emails, authorities say. In a U.S. Secret Service alert sent this week to law enforcement and banking officials, the U.S. Secret Service warns corporate America about fraudulent emails that contain malicious attachments.