The federal government’s Paycheck Protection Program concluded, but as businesses recover, they may find a continued need for affordable financing.

Tagged with: COVID-19 loans PPP small business administration

The number of vaccinated Americans of all ages is climbing, schools are reopening and social gatherings are on the rise. But for many small businesses, the pain and havoc caused by COVID-19 is far from over. A June survey by ...

Tagged with: Maryland business COVID-19 small business administration

A Hagerstown small-business owner hammered by the pandemic-related store closures can reapply for an emergency federal loan after a U.S. agency eased its rule against extending loans to convicted felons on parole, a federal judge has ruled. U.S. District Judge ...

Tagged with: CARES Act criminal history federal loans PPP small business administration

SILVER SPRING — The Trump administration says a recent rule change allows small business owners convicted of felonies to apply for government loans to help them weather the COVID-19 pandemic, but civil rights groups claim the program revision doesn’t go ...

Tagged with: American Civil Liberties Union COVID-19 Federal and State Aid COVID-19 small business administration

The federal government intentionally discriminated against minority- and woman-owned businesses in its recent distribution of nearly $350 billion in loans to save small companies desperate to survive amid the United States’ pandemic-induced economic freefall, struggling Maryland businesses allege in a ...

Tagged with: equal protection Frost Law gender bias Paycheck Protection Program PPP racial bias sba small business administration

The Maryland Technology Development Corporation (TEDCO) was awarded a grant of up to $125,000 Tuesday by the U.S. Small Business Administration under its Federal and State Technology (FAST) Partnership Program. The program’s objective is to improve outcomes for underrepresented entrepreneurs ...

Tagged with: small business administration TEDCO

One thing that’s critical for growth in a capitalistic economy and that’s capital. Small businesses, which have created two out of three new jobs in this country in recent years, are the ones with big capital needs. The good news ...

Tagged with: big banks lending Small business small business administration

Baltimore must do more to attract venture capital and other financing for its small businesses and startup companies, a new report from Johns Hopkins University’s 21st Century Cities Initiatives found. While available capital and financing has improved over the last ...

Tagged with: small business administration small business loans venture capital

Small Business Administrator Linda McMahon wants businesses and entrepreneurs to know that her agency does more than loans and can be a resource and advocate for the small business community. McMahon stopped in north Baltimore at B-More Kitchen as part ...

Tagged with: Linda McMahon small business administration

WASHINGTON — The Senate has confirmed former wrestling entertainment executive Linda McMahon to lead the Small Business Administration. The vote was 81-19 on Tuesday. Senate Majority Leader Mitch McConnell of Kentucky says McMahon will “prioritize growing jobs over growing government ...

Tagged with: Linda McMahon small business administration