The SBA is issuing disaster loans for small businesses in the Mid-Atlantic region affected by the bridge collapse. SBA Administrator Isabel Casillas Guzman announced the program on April 3, 2024.
The announcement came after Maryland Governor Wes Moore wrote a letter requesting a disaster declaration on March 29, 2024. The declaration applies to small businesses, small agricultural cooperatives, small aquaculture
The Visa Mastercard $30 billion settlement is a legal agreement between Visa, Mastercard, and merchants that addresses antitrust concerns related to card transaction fees and pricing. The lawsuit resulting in the Visa Mastercard $30 Billion Settlement began in 2005, sparking a long legal battle.
Mom-and-pop shops are smaller businesses typically run by family members. They offer personalized service and unique products and stand out for their close-knit atmosphere and community connection.
Supporting mom-and-pop shops is crucial to helping them thrive in the competitive market, fostering local economies, and preserving authenticity. By choosing these businesses, customers contribute to the growth of their neighborhoods.
International Women’s Day is a global celebration that honors the achievements of women and advocates for greater gender equality. It serves as a reminder of the ongoing efforts to achieve gender parity in society with historical and national traditions.
Bank lending to businesses is declining for various reasons, including fear of a looming recession. This downturn in borrowing options from traditional lenders and the larger economic implications is a concern for small business owners. However, you still have plenty of funding options through alternative lenders and lending marketplaces.
PayPal is scaling down on business loans and merchant cash advances. This news will likely cause concern about the overall impact on small business financing. While the news isn’t good for PayPal merchants, it shouldn’t affect other borrowing options, at least not here at United Capital Source. It’s business as usual for our network of private lenders, meaning you still
It’s truly unfortunate that the program is being placed on hold due to bad actors trying to exploit it. It’s also frustrating that the IRS hadn’t taken more proactive measures to stop or prevent fraud prior to the rising concerns.
It’s now a waiting game for eligible business owners until the moratorium is lifted. In the meantime, you can review your
The Employee Retention Tax Credit was designed as an incentive to keep employees on staff during government-mandated shutdowns.
The refundable tax credit expired in October 2021, but businesses can still file for 2020 and 2021. However, you must know the deadlines to ensure you file on time.
Following the collapse of Silicon Valley Bank (SVB), regulators announced they were also shutting the doors on NY-based Signature Bank. The SVB-panic spread like a contagion to Signature, causing a similar bank run and subsequent collapse.
There is a simple answer and a complex answer to why the bank failed. The simple answer is that it experienced bank run and didn’t have the money on hand to cover withdrawals. A bank run is when many depositors withdraw their funds at the same time. When the bank couldn’t produce the funds to cover withdrawals, regulators stepped in