Business

I started my bridesmaid-for-hire business with $2,500

5 days ago
  • When I decided to start my bridesmaid-for-hire business, I wanted to save $2,500 to get it going.
  • I needed the cash for things like a website, business cards, and advertising.
  • While working full-time, I took on side gigs and saved aggressively to gather the cash I needed.
  • Visit Personal Finance Insider for more stories.

When I finally decided to become an entrepreneur, I was determined to start my own business without tapping into my savings account. I wanted to minimize risk and try out my business idea with as little cash as possible. Since my business was service-based — I’m

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Natural Gas Battles Local Climate Efforts : NPR

6 days ago

Tyler Hollon, who works for a construction company in Utah, says eliminating natural gas from apartment buildings can reduce costs. Hollon’s company now shares its designs and budgets with other builders. “The reason we’re giving it away is to clean up the air,” Hollon says. “We want everybody to do it. It’s everybody’s air that we’re all breathing. Makes my mountain bike ride that much easier.”

Kim Raff for NPR


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Kim Raff for NPR

Facing the rising threat of wildfire and extreme drought, Flagstaff, Ariz., unveiled an ambitious effort two years ago to cut the heat-trapping

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Biden announces changes in loan program aimed at aiding small and minority-owned businesses

6 days ago

WASHINGTON — President Joe Biden announced changes Monday to the Paycheck Protection Program aimed at ensuring more small and minority-owned business are able to qualify for federal assistance as a result of the economic turmoil caused by the coronavirus pandemic.

The changes are intended to facilitate loans for contractors and self-employed people, noncitizens who are lawful U.S. residents and business owners with previous nonfraud convictions, Biden said. It will also open a 14-day window starting March 9 for businesses with fewer than 20 employees to apply for relief.

Biden had previously criticized the small-business loan program, which was started during

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Biden changes PPP loan rules, only small firms can claim for 2 weeks

6 days ago
  • Biden is changing PPP rules so that only businesses with fewer than 20 employees can claim loans.
  • The restriction will last two weeks from Wednesday.
  • The president is expected to formally announce the changes on Monday.
  • Visit the Business section of Insider for more stories.

President Joe Biden is set to change the main US coronavirus aid program for small businesses on Monday to try to reach smaller, minority-owned businesses and sole proprietors left behind in previous rounds of aid.

Biden administration officials said that for two weeks starting on Wednesday, the Small Business Administration would accept applications for forgivable

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Businesses face Minnesota tax hit from PPP loans

7 days ago
article

Employees work at JIT Powder Coating in Farmington, Minnesota. The owner is dealing with an unforeseen issue with his PPP loan.

FARMINGTON, Minn. (FOX 9) – Tim Milner saw the federal money as a godsend last spring.

Milner, who owns JIT Powder Coating in Farmington, got a $500,000 forgivable loan through the federal Paycheck Protection Program last spring as his sales plummeted during the pandemic-fueled recession. 

Struggling business bailed out with PPP loans facing state taxes on money

Small business who received PPP loans to survive the COVID-19 pandemic are now getting surprised as they learn they will face

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Fed sees ‘considerable’ risk of ongoing U.S. business failures

7 days ago

WASHINGTON (Reuters) – The risks of ongoing business failures in the United States “remain considerable” even as the economy emerges from the coronavirus pandemic, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress.

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

Business borrowing “now stands near historic highs,” the U.S. central bank said in the report. Even though large cash balances, low interest rates, and renewed economic growth may dampen problems in the near term, “insolvency risks at small and medium-sized firms, as

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