Toy shop owner Kim Mitchell placed her holiday orders months ago, but she has no idea what will make it to her store on time. Anything from Mattel and Hasbro is largely off the table, as are Ravensburger puzzles. The Lego sets that used to arrive on a pallet are coming in dribs and drabs:
No one can predict the future, but experts with instincts and experience can make very educated guesses on which business models are most likely to thrive in the post-COVID-19 world. GOBankingRates talked to a few professionals from a variety of backgrounds who did just that. The following is a glance at three industries and niches
The U.S. Small Business Administration (SBA) announced major modifications to the COVID-19 Economic Injury Disaster Loans (EIDL) program, including raising the loan cap from $500,000 to $2 million and adding business debt payments to the list of ways businesses can use the loan proceeds. In a news release issued late Thursday afternoon, the SBA said
In the first two weeks, the Small Business Administration’s (SBA) PPP loan forgiveness tool has accepted more than 340,000 submissions. And the SBA says the response has surpassed expectations. Are you one of the 340K small businesses that used the PPP loan forgiveness portal? If so, kudos for taking advantage of the simplified tool to
Interest rates are at record lows and banks flush with cash are eager to issue loans. The economy is expanding, inflation is on the rise, and the economic outlook is strong. On paper, now is a great time to borrow money to invest in your small business or buy a new business. But in reality,
There’s a growing debate over the need for vaccine passports. Nationwide, governors are calling on state employees to get vaccinated against COVID-19 or face weekly testing in order to work. But in New York City, Mayor Bill deBlasio has mandated that all businesses there only allow customers that can prove they’ve been vaccinated. Some believe
As the economy bounces back and the U.S. transitions out of the pandemic, small-business owners will need access to capital to both recover and grow. However, since federal relief from the Paycheck Protection Program ended on May 31, business owners may be wondering where to get financing or looking for new options after an unsatisfactory
The Small Business Administration this week will begin a push to accelerate the end of the nearly $1 trillion Paycheck Protection Program by making it easier for millions of employers to have emergency payroll loans forgiven. The SBA on Wednesday plans to outline a new initiative aimed at encouraging borrowers with loans of $150,000 or
Yahoo Small Business, a division of Verizon Business, today released the findings of the Yahoo Small Business 2021 Microbusiness Outlook Report, a new survey exploring the state of microbusinesses (businesses with five or fewer employees) in the U.S. and their outlook as they emerge from the COVID-19 pandemic. A highlight of the findings are as follows:
One of the most unexpected pandemic winners might just turn out to be new small businesses. Why it matters: The number of entrepreneurs starting a business easily hit a record high in 2020, according to a new analysis by University of Maryland economist John Haltiwanger. That’s a surprising result, given the severity of the crisis. The big picture: It’s
The COVID pandemic has forced many businesses to adapt their business model just to survive until customers feel comfortable shopping in person and going back to farmers markets. When those business owners go for loans, they’re often finding that lenders are getting creative when vetting a company to determine if it’s worthy of loan. “I’m
For the last year and a half, many of us have gotten used to doing everything — including shopping — from home. Now, it seems full reopenings are closer than ever in the U.S. as the CDC now says that fully vaccinated Americans no longer need to wear masks or social distance unless there is