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Sacramento could fund another $5 million in relief loans for local businesses

Back in March, a similar program for zero-interest loans received an overwhelming response from businesses in need of financial relief......»»

Category: topSource: bizjournalsMay 22nd, 2020

Sacramento announces businesses selected for COVID-19 economic relief loans

Using $1 million it set aside a few weeks after the COVID-19 outbreak, the city of Sacramento has awarded 101 small local businesses with loans. “While these 101 businesses are going to get help, there is still a tremendous amount of need out .....»»

Category: topSource: bizjournalsApr 2nd, 2020

Outer-borough businesses snubbed by city virus relief fund

City Council members blasted the de Blasio administration's distribution of local Covid-19 aid after officials said just 1% of loans for have gone to the Bronx. Councilman Mark Gjonaj, whose... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

Philadelphia, Goldman Sachs announce $10M PPP fund for small businesses

The City of Philadelphia and Goldman Sachs announced a $10 million initiative to provide Paycheck Protection Program (PPP) loans for local small businesses.  The loans will be focused on small businesses in the region's urban communities, includin.....»»

Category: topSource: bizjournalsApr 24th, 2020

Philadelphia awards $9.2M in Covid-19 relief funds to small businesses

The City of Philadelphia has awarded $9.2 million in grants and loans to small businesses from its COVID-19 Small Business Relief Fund.  Half of the 1,145 grant and loan awardees are located in low- and moderate-income Census tracts, Mayor Jim Kenn.....»»

Category: topSource: bizjournalsApr 20th, 2020

Alabama small businesses can apply for emergency relief through TruFund $5M fund

A national nonprofit community development financial institution has launched a $5 million small business emergency relief fund, and Alabama businesses are eligible for assistance. TruFund Financial Services Inc. is offering loans to disadvantaged m.....»»

Category: topSource: bizjournalsApr 7th, 2020

Tax Guy: As 30 public companies vow to keep $100 million in CARES Act loans, here are tax changes America needs right now

Better-targeted tax relief would help businesses and employees. MarketWatch readers are invited to weigh in......»»

Category: topSource: marketwatchMay 22nd, 2020

Tax Guy: As 30 public companies vow to keep $100 million in CARES Act loans, here are tax changes America needs to right now

Better-targeted tax relief would help businesses and employees. MarketWatch readers are invited to weigh in......»»

Category: topSource: marketwatchMay 22nd, 2020

Greensboro Virus Relief Fund passes $2 million in grants

The Greensboro Virus Relief Taskforce exceed the $2 million mark in grants when it gave $187,604 to nine local nonprofits in its latest weekly allocation. The funds were allocated from the Greensboro Virus Relief Fund, which was established by .....»»

Category: topSource: bizjournalsMay 18th, 2020

Phoenix officials putting final touches on $15M small business relief fund

City of Phoenix officials are putting the final touches on a new grant program that will give upward of $15 million to Phoenix-based small businesses, including sole proprietors and independent contractors. Plans call for going back to the City Counc.....»»

Category: topSource: bizjournalsMay 14th, 2020

City and County of Honolulu to launch $25M small business relief and recovery fund

The new $25 million fund — which uses money from the $387 million Honolulu County received through the CARES Act — can be used by eligible Oahu small businesses to mitigate some of the loss related to the Covid-19 pandemic......»»

Category: topSource: bizjournalsMay 12th, 2020

Mnuchin says large relief loans will be audited

Treasury Secretary Steve Mnuchin said all loans of more than $2 million in a government relief program for small businesses will be audited to ensure they were justified. Large public companies and... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

$33M in grants doled out to Gibney Dance, Mark Morris, Martha Graham and others

New York City's Covid-19 Response and Impact Fund announced Thursday that it has awarded $44 million in grants and interest-free loans to 276 nonprofits across the five boroughs. The relief money,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

An inside look at how three local businesses scored PPP loans

The owners of a Boston surveying firm, a Marblehead gourmet food business and a well-known Cambridge restaurant landed a combined $1.2 million in PPP loans. Here's how they got it and what they plan to do with it......»»

Category: topSource: bizjournalsApr 17th, 2020

How small businesses in suburbs can access zero-interest loans, other financial relief

Businesses in Austin aren't the only ones that can benefit from new local loan programs. Cities around the Austin-Round Rock metro are aiding or creating loan programs for businesses hurt by the COVID-19 pandemic. Here's a rundown of some of tho.....»»

Category: topSource: bizjournalsApr 15th, 2020

Recovery fund for Charlotte"s smallest businesses gets green light from City Council

Charlotte City Council on Monday night approved a $1 million recovery program for the city’s smallest businesses with a limit of $10,000 per recipient. It marks the latest response by local government to help businesses left reeling after the novel coro.....»»

Category: topSource: bizjournalsApr 14th, 2020

Seven coronavirus relief loans, grants for local businesses to apply for

Governments and nonprofits at the federal, state and local levels are pitching in to help small businesses as their revenue is cut short......»»

Category: topSource: bizjournalsApr 9th, 2020

Rancho Cordova to offer $1 million for small business relief; Elk Grove weighs similar program

Both cities would provide $1 million in zero-interest loans for businesses that are struggling during the coronavirus pandemic......»»

Category: topSource: bizjournalsApr 7th, 2020

Bank of America pledges $250M for small business loan program

Bank of America Corp. (NYSE: BAC) has pledged $250 million in capital to fund loans through the Coronavirus Aid, Relief and Economic Security Act's Paycheck Protection Program. Charlotte-based BofA will funnel the capital to community development fi.....»»

Category: topSource: bizjournalsMar 31st, 2020

Bank of America pledges $250M for CARES Act small business loan program

Bank of America Corp. (NYSE: BAC) has pledged $250 million in capital to fund loans through the Coronavirus Aid, Relief and Economic Security Act's Paycheck Protection Program. Charlotte-based BofA will funnel the capital to community development fi.....»»

Category: topSource: bizjournalsMar 31st, 2020

Prosper Portland establishes $2 million small business relief fund

Prosper Portland's board on Thursday approved the creation of a relief fund for small businesses affected by coronavirus. The fund comes from $1 million from the city of Portland and $1 million from Prosper Portland's existing budget. Half of the.....»»

Category: topSource: bizjournalsMar 26th, 2020