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Small Business News

Idaho Expands Small-Business Grant Program

Idaho Expands Small-Business Grant Program

BOISE — Idaho has already approved more than $26 million in “Idaho Rebound” cash grants for 2,608 small businesses impacted by the coronavirus, and is expanding the program to also
Magic Johnson offering $100 million in loans to minority-owned businesses left out of PPP loans

Magic Johnson offering $100 million in loans to minority-owned businesses left out of PPP loans

The Los Angeles Lakers great partnered with MBE Capital Partners to offer loans to minority- and women-owned companies.
How to qualify for PPP forgiveness: 11 expert answers to small business owner questions

How to qualify for PPP forgiveness: 11 expert answers to small business owner questions

Mark Schmidt, CEO of Fun-Ex Solutions Group, a non-bank small business lender, helped interpret the latest guidance on the Paycheck Protection Program.
As deadline looms, companies rush to return small business funds

As deadline looms, companies rush to return small business funds

The attempt to discourage businesses from seeking the loans if they have access to other funding sources has angered some lawmakers.
Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks

Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks

Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?
Bankers scold SBA as coronavirus relief loan system crashes in flood of applications

Bankers scold SBA as coronavirus relief loan system crashes in flood of applications

Minutes after a $310 billion aid program for small companies opened for business Monday, the online portal for submitting applications crashed. And it kept crashing all day, much to the frustration of bankers around the country who were trying — and failing — to apply on behalf of desperate clients.
Defiance group using social media to support small businesses

Defiance group using social media to support small businesses

The Support Defiance Facebook group is quickly growing and helping to support small businesses in the town.
Phunware, a data firm for Trump campaign, got millions in coronavirus small business help

Phunware, a data firm for Trump campaign, got millions in coronavirus small business help

Public company whose board chair is a former top JPMorgan Chase executive received nearly $3 million from the bank.
U.S. Chamber of Commerce providing $5,000 grants to small businesses

U.S. Chamber of Commerce providing $5,000 grants to small businesses

The U. S. Chamber of Commerce has started its Save Small Business Grant Fund, which will provide $5,000 supplemental grants to economically-vulnerable businesses with between three and 20 employees. Qualifying businesses must be located in an economically vulnerable community, and must have been harmed financially by the COVID-19 pandemic.
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Scott Geye

Scott Geye

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Fanbank

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Sam Abrahamson

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Mitch Jacobs

Fanbank Founder and CEO

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Fanbank founder, financial technology entrepreneur, and Main Street expert. View (0) Answers

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Rachel Williams

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Results-driven finance and operating executive with 20+ years of experience across a wide range of industries. View (2) Answers

Small Business Resources

New York, NY
(888) 269-4246

At OnDeck, we make small business a big deal. Our passion for Main Street and the cutting-edge technology we use to evaluate businesses based on their actual performance, not solely ... more>

409 3rd St, SW Washington, DC 20416
(800) 827-5722

Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. As the nation's only go-to resource and voice for ... more>

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Fanbank technology is the first commerce automation platform created specifically for the sales needs of Main Street Businesses. Built from forty years of payments infrastructure, twenty years of mobile and ... more>

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The business leaders of Salisbury, Maryland banded together on March 4, 1920 to form the Chamber from the Salisbury Business Men’s Association. This changed the character of the organization from ... more>

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Voices from the Community

Fanbank answered: April 13

What resources are available to help main street businesses struggling from lost sales due to coronavirus?

In addition the small business relief program offered by Fanbank, here are some good expert tips. G

Guide to federal small business loans: 9 expert tips on coronavirus relief funds

https://www.syracuse.com/back-in-business/2020/04/guide-to-federal-small-business-loans-9-expert-ti...

Susan (Community Support)
Susan (Community Support) published: March 20

Small businesses and rent problems amid coronavirus crisis

Many small businesses may need to think about how to control rent costs in the face of the COVID-19 crisis. An article from Axios provides a good starting point for thinking about the issue.  See ...more

Susan (Community Support)
Susan (Community Support) published: March 13

PSA: #Seattle Business? City to offer grants of up to $10K to small businesses impacted by novel coronavirus outbreak (#COVID-19)

Seattle will spend $1.5 million on grants of up to $10,000 to small businesses affected by the novel coronavirus outbreak, Mayor Jenny Durkan announced Thursday.

Seattle’s Office of Economic Developme ...more

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