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Paycheck Protection Program

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COVID Fraud: An Education (Hunter Field Editor’s Note)

I’m not ready to call PPP a total failure, but there are lessons to be learned. read more >
Legal / Small Business

2 Arkansans Charged With Defrauding COVID Loan Programs

Authorities said they knowingly submitted applications that contained false information on revenue, monthly payroll and number of employees. read more >
Joe Ehrhardt’s applications are useful because he knows bankers’ problems, Signature Bank COO Brant Ward says.
Banking & Finance / Business Services

Teslar Builds on Pandemic SuccessLock Icon

The fintech company, which helped simplify the PPP loan forgiveness process during the pandemic, has its sights on new projects. read more >
Arvest Bank headquarters in downtown Fayetteville 
Banking & Finance / Government & Politics / Legal

Ex-Arvest Employee Banned From IndustryLock Icon

The Federal Reserve took action after she allegedly used “materially false and fraudulent representations” to obtain two Paycheck Protection Program loans. read more >
Banking & Finance / Business Services / Construction / Energy / Government & Politics / Health Care / Insurance / Nonprofits / Restaurants & Food / Retail / Small Business / Transportation

Taking the Chill Off Emergencies (Lance Turner Editor’s Note)

Seasons change, fortunes turn and disaster strikes. That’s why it’s more important than ever for businesses to get serious about setting up an emergency reserve. read more >
Banking & Finance / Government & Politics / Technology

Teslar Simplifying SBA Loans

Teslar Software of Springdale provided the software used to process more than 1.3 million — more than one-fifth — of the Paycheck Protection Program loan applications that received funding this year. read more >
Joe Ehrhardt
Business Services / Investments

Tech Firm Touts 10x ReturnsLock Icon

Teslar Software of Springdale says it recently offered a 10x return to round one investors who were willing to be bought out. read more >
Banking & Finance / Government & Politics

SBA Opens Online Portal For PPP Forgiveness Apps

The U.S. Small Business Administration opens a portal allowing certain businesses that received PPP loans to apply directly for forgiveness. read more >
Bradley Riggs, chief executive officer of Bike Rack Brewing of Bentonville, said his company has emerged from the COVID-19 pandemic stronger.
Banking & Finance / Government & Politics / Manufacturing / Real Estate / Restaurants & Food / Retail / Small Business / Tourism

As Sales Signal Rebound, Arkansas Brewers Discuss Lessons LearnedLock Icon

If philosopher Friedrich Nietzsche was right — if, in fact, that which does not kill us makes us stronger — then the Arkansas craft brewers who weathered the pandemic storm of 2020 appear to be tackling 2021 in good shape. read more >
Black Apple cider tender Broox Piggee hands an order to customer Jody Burkett.
Agriculture & Poultry / Banking & Finance / Government & Politics / Health Care / Manufacturing / Media & Marketing / Restaurants & Food / Retail / Small Business / Tourism

Arkansas Distilleries, Wineries Cheer Customers’ ReturnLock Icon

After a year in the barrel, spirit makers in Arkansas welcome tasters and tours. read more >
Benton County Judge John Scott is ready to hear court cases in person after the winding down of pandemic restrictions.
Government & Politics / Health Care / Legal

Courts Tackle Cases Delayed by PandemicLock Icon

The Arkansas Supreme Court said jury trials could resume at the beginning of May, meaning a stack of criminal cases finally have their chance to see resolution. read more >
Government & Politics / Restaurants & Food / Retail

Small Business COVID-19 Relief Program Runs Out of Money

The Small Business Administration says the Paycheck Protection Program has been exhausted. read more >
French Hill
Government & Politics / Restaurants & Food / Retail

French Hill Touts Bill to Help Businesses Qualify for PPP Loans

U.S. Rep. French Hill says he’ll introduce a bill next week to help more businesses qualify for the second round of Paycheck Protection Program loans. read more >
Terry Amstutz
Business Services / Government & Politics / Health Care / Insurance / Media & Marketing

Hospital Sees Turnaround in McGehee

Terry Amstutz came to McGehee Hospital in January 2019 to help it turn around. So far, his efforts are working. read more >
Sam Walls III, president and COO of Arkansas Capital Corp., and Rush Deacon, CEO of the community development financial institution
Banking & Finance / Health Care / Investments / Nonprofits / Retail / Small Business

Arkansas Capital Corp. Eyes More Interstate OpportunityLock Icon

After stepping up during the COVID-19 pandemic, nonprofit Arkansas Capital Corp. sees “a banner year for loan volume” as lending activity gets busy. read more >
Sherece West-ScantleburyPresident & CEO of the Winthrop Rockefeller Foundation
Banking & Finance / Business Services / Investments / Public Companies / Small Business

Report Shows Gaps in Lending to Minority Businesses in Arkansas

Minorities and women do not have the same access to capital as their white male counterparts, a systemic issue that can be addressed, a panel of Arkansas bank leaders and a small-business owner says. read more >
Molly Rawn, CEO of Experience Fayetteville, says outdoor activities have been a bright spot in tourism in the wake of the pandemic.
Business Services / Government & Politics / Media & Marketing / Restaurants & Food / Retail / Tourism / Transportation

Arkansas Hospitality Tax Receipts Plunge in 2020

The COVID-19 pandemic sent hospitality tax collections in Arkansas plummeting last year, and the blow to some tourism bureaus in the state, which rely on the taxes for revenue, was even worse than those figures show. read more >
Banking & Finance / Business Services / Government & Politics / Legal / Small Business / Tourism

Better PPP Terms for Hospitality Industry (Robert Smith Commentary)

With the hospitality industry being disproportionately impacted by the economic devastation of the COVID-19 pandemic, some welcome relief may be available under the most recent federal stimulus package. read more >
Banking & Finance / Government & Politics

Biden to Boost Pandemic Lending to Smallest Businesses

President Joe Biden is targeting federal pandemic assistance to the nation's smallest businesses and taking steps to further equity in what is known as the Paycheck Protection Program. read more >
Cary Martin, president of Little Rock Coaches, sits behind the wheel of one of his buses.
Banking & Finance / Government & Politics / Small Business / Tourism / Transportation

Winter Storms Another Blow to Motorcoach Industry

As Cary Martin of Little Rock Coaches prepared for a full schedule of charters, Mother Nature decided to dump a season’s worth of bad weather on Arkansas in one week. read more >