*LOANS*PANDEMICSThe article discusses several issues pertaining to the emergency federal loans offered to U.S. small businesses as the country faces nationwide shutdowns due to the COVID-19 pandemic, particularly the U.S. Small Business Administration's Paycheck Protection Program, as of May 2020.De La Garza, AlejandroTime
(The Program-Federal Government Helps Minority Business)Federal efforts to aid minority businesses began in the 1960's when the Small Business Administration (SBA) began making federally guaranteed loans and government-sponsored management and technical assistance available to minority business enterprises. ...
"Cataclysmic" impact of pandemic on minority-owned small businesses01:36 Kanye West's clothing and sneaker brand Yeezy received a loan from thefederal government's pandemic rescue fundworth between $2 million and $5 million, helping it save 106 jobs, according to data released by the U.S. ...
Los Angeles County homeowners, renters, businesses and nonprofits impacted by devastating wildfires over the past week are all eligible for low-interest disaster relief loans through the Small Business Administration. Whilefederal assistance grants are available, the U.S. government is...
Over 220 companies applied for $870 million in PPP loans The PPP does not require recipients to identify themselves publicly, and the federal government is not revealing their names. However, a number of publicly traded companies have disclosed that they received the loans in financial ...
The Fall of Federal Loans You can trace government guarantee and federal loan woes all the way back to the Great Depression. Regarded as one of the most severe economic catastrophes in the world, this well documented era in American history is now being re-examined as lenders, economists, ...
But loans cannot offer capital on as favorable terms as equity investment, so avenues for federal equity participation in minority enterprise should be developed. One such avenue might be MESBICs, through government purchase of (nonvoting) stock. This change in the MESBIC program may create a ...
1,250 employees and still be considered a small business. A used car dealer must have annual receipts totaling less than $27 million. A commercial bank, though, is measured by assets, and can’t have more than $600 million, or the US government doesn’t consider it a small business.[1...
Term Loans:Navy Federal’s term loans are a popular choice for small business owners who need a lump sum upfront and prefer fixed monthly payments. These loans come with flexible repayment terms and competitive interest rates. Business Lines of Credit:A business line of credit is a flexible fi...
A majority of small business owners on Main Street say they support more financial relief from the federal government, but the resolution of the battle in Congress last week over the spending bill for the federal government shows that it may not be coming. ...