SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program
Press release from Small Business Administration WASHINGTON – Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major […]
Small Business Administration Urges Shoppers to Shop Locally This Holiday Season
The U.S. Small Business Administration, Delaware regional office, issued the following press release: Shopping Small® Finds New Footing this Holiday Season Last year, American consumers spent $19.6 billion at independent retailers and restaurants on Small Business Saturday. Behind that total spend were a 3 million year-over-year increase in number of consumers participating in Small Business Saturday and […]
Small Business Administration and Treasury Deparment Announce Simplified Process for Forgiving Smaller PPP loans
Businesses that received small loans under the federal Paycheck Protection Program will have an easier time having those loans forgiven under new rules announced Thursday. The U.S. Small Business Administration, in consultation with the Treasury Department, unveiled a simpler application for businesses seeking not to have to repay PPP loans of $50,000 or less. U.S. […]
Small business owners, keep an eye out for possible Coronavirus loan scams
With the Delaware Division of Small Business and the U.S. Small Business Administration launching loan programs to assist Delaware small business owners negatively affected by Coronavirus, it’s important to keep an eye out for possible scammers looking to prey on unsuspecting business owners. In fact, DSB has received multiple loan scam emails in the past […]
Sign up for Small Business Administration’s online workshops May 7-8
National Small Business Week is May 5-11. As part of the activities, on Tuesday, May 7 and Wednesday, May 8 the U.S. Small Business Administration and SCORE are hosting two days of webinars covering a variety of topics of interest to small business owners. The hour-long programs range from an explanation of SBA’s various funding programs to how to improve your […]
How Much Money Do You Need to Start a Business?
A recent article in Inc. magazine by editor-at-large Maria Aspan asks a crucial question for small business owners: how much money do you need to launch a business? The amount today is probably a lot less than the $31,500 average noted in a 2009 report published by the Ewing Marion Kauffman Foundation, says Aspan, the author of […]
SBA offers online guide for business taxes
Confused about which taxes to file as a small business owner? The U.S. Small Business Administration offers an online guide to business taxes. Generally, there are five types of business taxes, according to the guide: Income tax Self-employment tax Estimated tax Employer tax Excise tax One thing business owners will need to do, SBA says, is […]
