small business
Billions in PPP loan money remains untapped by small businesses
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in additional funding, the second funding round began April 27. More than a …
RoadPrintz Inc., with technology created at CWRU, secures additional funding to advance robotic street-painting
Following a fall 2019 license agreement between RoadPrintz Inc. and Case Western Reserve University, the company is now building a prototype street-painting vehicle to demonstrate to leading national industry partners that the technology can provide street-painting cheaper, faster and with significantly less risk to road-workers. RoadPrintz incorporated technology created at Case Western Reserve into a …
Firms that took a PPP loan under $2 million are about to get a break
Business owners who borrowed less than $2 million from the Paycheck Protection Program can breathe a little easier: They likely won’t face an audit from federal authorities. The PPP — a forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest and other expenses — was refilled …
This tax break is up in the air for employers who furloughed workers
Ranking member Sen. Ron Wyden, D-Ore., left, speaks with chairman Sen. Chuck Grassley, R-Iowa, during the Senate Finance Committee hearing on “The United States-Mexico-Canada Agreement” on Tuesday, July 30, 2019. Bill Clark | CQ Roll Call | Getty Images Companies that cover the cost of health insurance for their furloughed workers may miss out on …
How small businesses can survive coronavirus without federal loans
Situated on a Brooklyn city block lined with a dry cleaner, several eateries and a preschool is Woods Grove, a small storefront embellished with gold lettering. The modest exterior houses an eclectic mix of gifts and vintage items, from candles and soaps to scarves and jewelry. After two years in Brooklyn, Woods Grove’s business was …
Entrepreneurs’ relief tax break slashed by 90% in Sunak’s budget | Business
Entrepreneurs’ relief, a tax break which mostly benefits wealthy business owners, will be cut by 90% after the chancellor stopped short of scrapping the controversial policy. Rishi Sunak significantly scaled back the relief, which halves the capital gains tax paid when people sell their businesses, with immediate effect. Under the revamp, business sellers will pay …
The Guardian view on entrepreneurs’ relief: the UK’s worst tax break | Editorial | Opinion
The respected thinktank the Resolution Foundation calls it “the worst tax break” in the UK. Analysts at the Institute for Fiscal Studies can find no evidence that it does what ministers claim. Yet entrepreneurs’ relief has cost the public nearly £25bn in just over a decade. At next week’s budget, the first of Boris Johnson’s …
SmartBiz Loans® Named a Best Place to Work in Financial Technology 2020
SAN FRANCISCO–(BUSINESS WIRE)–Feb 5, 2020– SmartBiz Loans ® has been named one of the 2020 Best Places to Work in Financial Technology. This is the 3rd year in a row SmartBiz Loans has earned this distinction. SmartBiz Loans is the leading online bank marketplace for SBA loans. The company offers additional financial products for small …
U.S. Cellular offers technology tips ahead of Small Business Saturday | Business
CUMBERLAND — An estimated 104 million U.S. consumers reported shopping or dining at local independently owned businesses on Small Business Saturday in 2018. This year, the shop local celebration falls on Nov. 30 and U.S. Cellular wants to support small businesses and offer practical tips on how they can use mobile technology to attract customers. “The …
Beijing posts economic data amid trade war with US
A tourist guide holds an umbrella featuring a panda pattern in front of Tiananmen Gate in Beijing, China. Guang Niu | Getty Images China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its …
