Featured Articles in Small Business News

Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates once more

Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs. A flurry of headlines in recent weeks has suggested a credit crunch – meaning the availability of lending gets scarcer – is already happening. That’s in large part brought on by the actions of Read More…

Consumer protection agency looks to increase transparency for small business loans

The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a loan. The rule would help regulators learn how entrepreneurs Read More…

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Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates once more

Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs. A flurry of headlines in recent weeks has suggested a credit crunch – meaning the availability of lending gets scarcer – is already happening. That’s in large part brought on by the actions of Read More…

Consumer protection agency looks to increase transparency for small business loans

The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a loan. The rule would help regulators learn how entrepreneurs Read More…

Biden’s $80 billion plan to beef up IRS audits may target wealthy small business owners

President Joe Biden is asking for $80 billion to help the IRS crack down on tax avoidance from wealthy Americans and big corporations. The proposal seeks a boost in enforcement staffing, technology and additional bank reporting, measures that may generate an estimated $700 billion in tax revenue over the next decade. However, some financial experts say the Read More…

SBA launches $5B grant program for small businesses. See who gets the money

Small businesses and nonprofit groups hardest hit by the coronavirus pandemic now are eligible for additional support under a $5 billion Small Business Administration program The new round of Economic Injury Disaster Loan assistance, known as Supplemental Targeted Advances, is available for up to 1 million small businesses and nonprofits with no more than 10 employees. Here’s Read More…

Small businesses expect longer, milder impact from pandemic

The Census Bureau released new phase two data from its Small Business Pulse survey last week, showing some of the sectors most impacted by the coronavirus pandemic. What they found: Hiring and rehiring have slowed and businesses now broadly say they expect recovery from the pandemic to take much longer than previously thought. 44% of respondents expect recovery will take Read More…

9 Montana Communities Awarded Main Street Program Grants

HELENA, Mont. – Nine Montana communities will share $118,000 through the Montana Main Street Program to support historic preservation, wayfinding, and revitalization plans for their downtowns. “Montana’s vibrant and charming towns are what attracts visitors, keeps residents and encourages downtown business growth,” Montana Department of Commerce Director Tara Rice said. “These Montana Main Street Program grant dollars Read More…

GTUIT Gets EcoStar Award

GTUIT, LLC, Billings, MT was awarded the EcoStar Pollution Prevention Award for 2019. The award was presented at a reception hosted by Governor Bullock at the State Capitol Rotunda in Helena. The award recognizes GTUIT for taking environmentally responsible steps to reduce air emissions in oil producing regions, maximize upstream oil and gas operation efficiencies, conserve Read More…

NFIB Joins Suit on Climate Change

NFIB (National Federation of Independent Business) has filed a friend-of-the-court brief in Juliana v. United States—urging dismissal of a controversial lawsuit, which seeks to compel the federal government to more aggressively address climate change. The brief was filed in conjunction with the Texas Public Policy Foundation and other concerned businesses and business groups. The case Read More…

What Every Small Business Owner Needs To Know About Online Review Feedback

When you’re running a small business, you fight for every customer, client and sale. That’s why it’s frustrating whenever something unexpected throws a wrench in the works. One of those unexpected wrenches for many small businesses is online reviews. Positive reviews can springboard your business toward success, while negative reviews can seriously poison the well. Read More…