One reason why Black-owned businesses have fared worse in the pandemic: weaker banking relationships

Aug 4, 2020
That leaves them restricted access to capital, according to a study by the New York Fed.
A beauty product booth at a Black-owned business expo in Florida. The number of Black business owners in the U.S. fell more than 40% between February and April, according to a New York Fed study.
Octavio Jones/Getty Images

Republicans have rolled out a COVID-19 relief bill. Here's what it includes.

One major difference from the Democrats' bill is a sharp decrease in the amount of money for pandemic unemployment assistance.
Despite having a bill, Senate Republicans themselves remain divided on issues of spending and policy.
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Expanded unemployment benefits help small businesses, too

Jul 27, 2020
They have been a lifeline for laid-off workers. They also boost demand and enable businesses to focus on staying afloat.
A hostess at a Miami restaurant waits for customers behind a partition. The expanded unemployment benefits helped small businesses make decisions early in the pandemic.
Joe Raedle/Getty Images

A busy year for tax accountants, even with a July 15 filing deadline

Jul 15, 2020
They've been processing PPP loans, and also simply helping clients navigate a tough financial climate.
The tax season is far from over, too. Some are applying for the Oct. 15 extension.
Tim Boyle/Getty Images

Lifeguards, veterinary assistants and architects: a look at some of the jobs protected by PPP loans

Jul 13, 2020
About 75% of small businesses sought Paycheck Protection Program loans and about 72% of them got PPP loans, according to the Census Bureau.
Seattle Veterinary Associates is among the millions of businesses that have received loans through the federal Paycheck Protection Program.
Courtesy of Seattle Veterinary Associates

Who got PPP loans? Trump administration releases the data.

It's clear the loans went to some enterprises that are once again prompting questions about who really needed the government aid.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
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PPP loans deadline passes, but not before Senate approves extension

Congress and the Trump administration have not yet agreed on a plan for distributing the unused $130 billion remaining in the program.
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Why some business owners are applying for PPP loans at the last minute

Jun 29, 2020
The deadline for Paycheck Protection Program loan approvals is Tuesday. Some haven't been clear about their eligibility. Others have been trying since the beginning.
A woman makes a purchase at a Nevada coffee shop. Some small business owners are applying for PPP loans now because they weren't sure whether they were eligible before.
Ethan Miller/Getty Images

Which businesses got PPP loans? Probably those that needed them the least, researchers say.

Because loan amounts were based on how much companies pay their employees, lower-income workers got less money.
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Some businesses now have an easier way to apply for PPP loan forgiveness

Jun 18, 2020
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
A restaurant owner waits for customers in Key West, Florida.
Joe Raedle/Getty Images