Category: 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.
Small Business News
SBA Announces $349 Billion Paycheck Protection Program is Tapped Out
by Fioney Staff
As part of the $2 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed by Congress and signed by the President, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) meant to help small business owners and their employees. These low-cost loans were not only meant to help businesses stay afloat at a time when local and state restrictions are asking non-essential businesses to shutter but also...
Small Business News
OnDeck Now Accepting SBA Paycheck Protection Program Applications
by Fioney Staff
When Congress voted to pass a more than $2 trillion dollar stimulus package meant to support the economy during the COVID-19 crisis, the element that stood out to most Americans was the $1,200 direct payments that would be sent to some taxpayers. However, for small business owners, it was the Paycheck Protection Program (PPP) that garnered the most interest. Unfortunately the program has seen a bit of a rocky start...
Small Business News
GoDaddy Supporting GoFundMe's Small Business Relief Initiative with Donation, Widget
by Fioney Staff
With the COVID-19 pandemic requiring most Americans to shelter in place, the majority of small businesses have seen severe impacts. In fact a recent survey found 87% of owners saying that their businesses have been hurt during this time, with 35% warning that they could be forced to close permanently if things didn't change within the next three months. Given the current situation, the popular crowdfunding site GoFundMe recently launched...
Small Business News
87% of Small Businesses Say COVID-19 is Hurting Their Business
by Fioney Staff
When turning on the news these days, you're likely to be hit with a barrage of numbers — from stats regarding the latest COVID-19 infections and deaths to the astounding unemployment figures. Although this data might not always be encouraging, it does help paint a picture of what's currently happening in our country. With that in mind, the finance site WalletHub recently conducted a survey of small business owners to...
Small Business News
Plastiq Raises $75 Million For Stronger Pivot to Small Business Owners
by Fioney Staff
Even in the midst of an unprecedented pandemic, it seems that deals are still getting done. This week Plastiq announced it had raised a whopping $75 million as part of its latest round. The Series D was led by B Capital Group, while existing investors Accomplice, Kleiner Perkins, Top Tier Capital Partners, and Khosla Ventures also participated. Previously the company saw a $27 million Series C in late 2018 and...
Small Business News
Facebook Establishes a $100 Million Small Business Grant Program
by Fioney Staff
For as much grief as Facebook often gets from regulators, politicians, and everyday citizens alike, the company has proven itself to be strong allies of small businesses nationwide and globally. Thus, in this time of unprecedented challenge to entrepreneurs, the social network is stepping up to help. Last week Facebook announced that it formed a new grant program that will give $100 million to small businesses. As TechCrunch reports, the...
Small Business News
Uber Eats Supporting Local Restaurants with Waived Delivery Fee, More
by Fioney Staff
In the past week, the situation surrounding COVID-19 has severely escalated in the United States. Not only have government advisories suggested that citizens refrain from forming groups larger than 10 — making dining out all but impossible — but other cities and states have ordered restaurants to close, excluding take-out and delivery service. As these developments threaten to hurt thousands of small businesses across the nation, Uber Eats has announced...