US Failed to Stop Fraud in COVID Loan Program, Panel Chief Says
At least $80 billion distributed from the $400 billion program could have been fraudulent, much of it in scams using stolen identities. read more >
At least $80 billion distributed from the $400 billion program could have been fraudulent, much of it in scams using stolen identities. read more >
A study suggests that the program — commonly known as PPP — was troublingly expensive per job saved and the payments mostly benefitted business owners. read more >
Rodrigo Salas, EforAll’s executive director, said in a news release that the SBA offers many tools and resources but many minority business owners aren’t aware of them. read more >
The money will go toward specialized training, mentoring, and technical assistance for research and development-focused small businesses. read more >
Winrock International’s Arkansas Women’s Business Center in El Dorado has been awarded a $200,000 grant to improve service delivery, training and support to women-owned businesses affected by COVID-19. read more >
Isabella Casillas Guzman, administrator of the Small Business Administration, on Friday told northwest Arkansas business owners that the agency is ready to continue helping them and wants to know about their current experiences as well as the future challenges they expect to face. read more >
The Paycheck Protection Program (PPP) has been extended and expanded to provide more funding for first-time borrowers and to allow some existing borrowers the opportunity to receive additional help. read more >
Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program. read more >
The U.S. Small Business Administration, in consultation with the Treasury Department, recently released a simpler loan forgiveness application for Paycheck Protection Program loans of $50,000 or less. read more >
The Little Rock Regional Chamber announces a new partnership with the local SCORE chapter of Little Rock. read more >
The Arkansas Small Business & Technology Development Center at the University of Arkansas at Little Rock recently received $200,000 to support innovative small businesses. read more >
Arkansas’ performance exceeded the national average and includes a 34 percent increase in numbers of loans, the SBA said. read more >
Untapped international markets represent a viable opportunity for expansion and diversification for many Arkansas companies, including small ones. However, the narrow view of too many business owners is that exporting is an option only for larger companies or manufacturers. read more >
Arkansas Capital Corp. of Little Rock will no longer work with state government to provide small-business loans. For the first time in the organization’s almost 60-year history, its funding model is changing. read more >
The U.S. Small Business Administration (SBA) Arkansas District Office named Edward Haddock as the new deputy district director. Haddock’s responsibilities will include helping boost economic development by ensuring the delivery of loan programs and business development services. read more >
Arkansas small businesses have three weeks left to apply for U. S. Small Business Administration loans because of the drought that began last July. read more >
WooHoo! snack mix is founder Melinda Smith’s second foray into the specialty food industry after her accidental debut. read more >
Good news for the state’s small business environment: The number of loans from the U.S. Small Business Administration is increasing nationwide, and Arkansas is no exception. read more >
Mountain Pure LLC of Little Rock and several of its employees said federal agents crossed the line when they executed a search warrant at the plant in January 2012. read more >
U.S. Small Business Administration says Jay Coles has been named deputy district director of SBA's Arkansas District Office. read more >
