Tag Archives: Small business

Saved by online lenders in pandemic, small businesses say they’ll borrow again

The Biden administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees — the overwhelming majority of small businesses — can apply for the forgivable loans.  (Depositphotos)

Some small businesses forced to turn to online lenders for pandemic relief are making those niche players a bigger part of their financial game plan, and are even considering dumping their traditional banks altogether.

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5 ways to help small businesses recover from the pandemic

Sugar Bliss Bakery owner Teresa Ging prepares one of her bakery items in her shop in Chicago's famed Loop, Tuesday, May 4, 2021. In many downtown areas where companies closed their offices and commuting ground to a halt, sandwich shops, bakeries and other small businesses are waiting with guarded optimism for their customers to return. (AP Photo/Shafkat Anowar)

When the COVID-19 pandemic hit, communities around the U.S. rallied to help small businesses by launching “shop local” initiatives, purchasing gift cards and starting fundraising campaigns . Now that states have begun to roll back social distancing restrictions and vaccination ...

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Businesses face hard decisions on whether, when to hire

In this Tuesday, Nov. 27, 2018, photo, a bartender talks to a customer at the Gotham Bar and Grill in New York. The Manhattan upscale restaurant hopes to reopen by summer 2021 if government regulations permit, but will likely have just 35 staffers instead of the 100 the restaurant had before it closed in March 2020. (AP Photo/Mary Altaffer)

NEW YORK — As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go of ...

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Small business hiring lags behind larger companies, ADP says

Maryland Business Express, a website set up by the state of Maryland, is an effort to offer prospective small business owners one-stop shopping for forms, licenses and useful information. (Deposit)

New reports from payroll company ADP show that small businesses are lagging behind larger companies in hiring, a trend that’s not expected to change anytime soon. ADP’s monthly report on small business employment released last week showed companies with up ...

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