Small Business News
Running a small business comes with its own unique challenges and opportunities. Our small business news category delivers the latest intelligence to help you stay competitive and informed. Discover trending topics, emerging best practices, policy changes, and success stories from fellow entrepreneurs navigating the small business landscape. Whether you’re launching a startup or growing an established venture, this is your source for the news and insights you need to thrive.
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Survey Finds Majority of Business Owners Feel Prepared for Another COVID-19 Wave
With autumn approaching, fears that the current coronavirus pandemic will worsen continue to grow. However, armed with more experience and some enhanced technologies, small business owners are feeling better about handling things this time around. According to a survey from Comcast Business, 78% of small business owners say their businesses are prepared to handle an…
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American Express Details “Coalition to Back Black Businesses” Grant Program
This past week, American Express continued its efforts to support small businesses during these turbulent times. In this case, the company turned its attention to the Black community, helping to form the Coalition to Back Black Businesses Grant Program. The Coalition is a collaboration between four other organizations: the National Black Chamber of Commerce, the…
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SBA’s 504 Loan Program Sees Record Lending Month
At a time when thousands of small businesses across the country are struggling to stay afloat, it seems that some entrepreneurs are investing in future projects. As the National Association of Development Companies notes, the Small Business Administration completed a record number of loans under its 504 loan programs in the past month. During that…
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National Restaurant Association Survey Finds 1 in 6 Restaurants Remain Closed
If you’ve noticed that a number of your local restaurants have stayed closed since the pandemic struck, you’re certainly not alone. In fact, 56% of Americans surveyed said that locations in their community had closed for good. Moreover, as the National Restaurant Association reports, these closures could worsen in the coming months. According to the…
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Paycheck Protection Loans Could Complicate Small Business Acquisitions
Earlier this year, as the coronavirus pandemic and the mandated closures that came with it battered the United States economy, Congress authorized the Paycheck Protection Program (PPP), which would be managed by the Small Business Administration (SBA). The idea was that entrepreneurs could obtain the funds necessary to keep their business afloat and keep their…
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Survey Finds Digital B2B Payments are On the Rise Among Small Businesses
It should come as no surprise that the COVID-19 pandemic has altered the way that many small businesses operate. From enhanced safety and cleaning measures to building out other sales mediums, businesses have been forced to quickly adapt to the changing landscape. It seems that this is also true when it comes to business to…
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SBA Lowers Interest Rates for 504 Loan Program
Small business owners looking to undergo major projects may now be able to borrow funds at a better rate. Last week, the U.S. Small Business Administration announced updated interest rates for their 504 loan program as offered by Certified Development Companies (CDCs). Now 20-year loans will carry a 2.214% rate while the 25-year option has…
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American Express Reportedly Pursuing Kabbage Acquisition
It looks as though American Express could soon be expanding its small business portfolio by purchasing a top FinTech lender. According to a report from Bloomberg, Amex is in “advanced talks” to buy small business lender Kabbage. Currently it is expected that the price tag on the deal could reach $850 million and would be…
