In the News: Billions Still Available in COVID Relief Money for Small Businesses

COVID Relief Money for Small Businesses

Small businesses are still struggling because of the multitude of challenges the pandemic has created. So when Small Business Administration (SBA) Administrator Isabella Casillas Guzman says there are still billions of dollars available for small businesses, it is a piece of very welcomed news. In this week’s roundup SBA Administrator Says “Billions” Still Available in COVID Relief Money for Small Business article, Guzman says small businesses can still capitalize on the different pandemic stimulus programs the federal government still offers.

Not only are there more funds, but Guzman also wants small businesses to apply for the loan forgiveness program. This will not only alleviate the burden of paying the loan back, but lenders will also have more money to make additional loans. Guzman wants all of the $800 billion PPPs to get back in the marketplace.

On similar topics, this week’s roundup also highlights the SBA’s effort in continuing to provide more resources to small businesses across the country. This includes the articles, SBA Says Supplemental Grants Available for SVOG Recipients and Women’s Business Centers Get $2.7 Million in SBA Grants. On a different note, Restaurants Still Battling a Chicken Shortage in 2021 looks at some other challenges businesses are facing when it comes to supplies.

Small Business News Roundup – September 03, 2021

Here is the rest of the news in this week’s roundup:

Twitter Super Follows Lets Some Users Make Money from Their Content

The launch of Twitter’s Super Follows is going to allow users with at least 10,000 followers to make money from their content. With this feature, these users can charge people for access to content with a subscription. Make Money with Twitter Super Follows In addition to the 10,000 followers, users must be at least 18 years of age, in the U.S.

Small Businesses Add 81,000 Jobs from July to August

The labor market saw a downshift in recovery during August, compared to significant job growth during the first half of 2021. Private sector employment increased by 374,000 jobs from July to August 2021, which includes 86,000 small business gains. That’s according to stats from the ADP August 2021 National Employment Report.

Small Business Deals

57% of Small Business Employees Concerned for Their Mental Health

More than half (57%) of small business employees have expressed concern over their mental wellbeing. This was the finding of a report by MetLife, providers of insurance, annuities and employee benefit programs.

Restaurants Still Battling a Chicken Shortage in 2021

Poultry is scarce and that has restaurants fighting back against a chicken shortage this year. Record-breaking winter storms in the south-central US are behind the issue. Higher pandemic demand has also dented supply for favorites like chicken wings. Small Business Trends reached out to restaurant owners to find out how they’re coping with the chicken shortage.

SBA Says Supplemental Grants Available for SVOG Recipients

The Small Business Administration (SBA) says awards for supplemental funds for Shuttered Venue Operators Grant (SVOG) recipients will begin going out within two weeks. As an awardee of the SVOG, you can now apply for supplemental SVOG funds to alleviate any additional financial hardships brought on by the pandemic.

McDonald’s May Close Dining Rooms Again Due to Rising COVID Cases

Just as some McDonald’s restaurant franchise owners got to finally re-open their dining rooms to customers for the first time in more than a year, they may be closing again.

The Second Most Popular Online Marketplace May Surprise You

It is easy to guess the most popular online marketplace as they have made a few headlines here and there, but the second most popular might not be so obvious. The answer is surprising because it is an eCommerce site that focuses on handmade or vintage items and craft supplies.

Women’s Business Centers Get $2.7 Million in SBA Grants

The Small Business Administration (SBA) has issued 14 grant awards to organizations across the US in a drive to improve delivery, training and support to women-owned businesses impacted by Covid-19. Each grant awarded equated to up to $200,000.

Auto Chip Shortage Has New Car Lots Empty, Boom for Used Car Dealers

A shortage on auto chips or silicone microchips necessary for the production of new automobiles has left many dealer lots empty nationwide. Conversely, that auto chip shortage has led to a boom for used car businesses. Small Business Trends contacted one local used car business to find out how they’re dealing with the current situation.

38% of Remote Workers Routinely Work from Their Bed

A new survey from CraftJack reveals 38% of remote workers are working from their beds regularly. And while working from bed might have its benefits, the disadvantages far outweigh them. This specific data set shows many remote workers still haven’t put together a proper workspace or home office.

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4 Reactions
  1. This ppp loans is getting out of hand…you tell ss people that ss will go broke yet yall keep giving people this money that don’t even have a business with employees..wake up government.
    Yall are just your research

  2. The reason that there’s so much money still available is because SBA is denying so many legitimate applications for foolish reasons. You go through months of waiting and it’s very discouraging. Many have had to close their businesses and you hear of someone that’s never had a business being approved. IRS is so behind with providing required documentation and at times its blank and you repeat the steps again.

  3. I am so tired of seeing these deceiving headlines about the SBA! Sure they’re “saying” that these funds aren’t being sought or after none is aapplying, blas blaa blaa but the truth is probably closer to my experience which is road block after road block. In November when I first applied they just straight up ignored me until it expired. Then their system was down, then…on & on. What is so difficult about telling the truth or helping out your fellow human?

  4. It’s so sorry to see then seemly brag about how much is remaining after they have failed to meet so many of our needs in the southern parts of the United States because we lived in certain communities we did not qualify or because they could not obtain a tax transcript for 2019 . Must of us face circumstance that does not allow us to afford accountants or bookkeepers. Your job was to help us get back on our feet because of a disaster, you failed and now our doors are closed. WOW!!!! AND THE PRESIDENT DOES NOT HELP EITHER