Small Business News

| New York Post

John Arensmeyer, CEO of the Small Business Majority, lauded the release of the data, but said that it was still “a far cry from an accurate picture of the program.”

“Serious questions remain about whether PPP funds were equitably distributed to minority-owned businesses, and there is an alarming rate of small-dollar loans,” he said.

“Moving forward, SBA must revise the information to include the amount requested by a borrower and the amount received, and publicly commit to reporting revised data on a rolling basis now, and through the forgiveness process,” he added.

| Bloomberg

Back in March, when the pandemic started to transform life in the U.S., bookings plummeted for Beechnut Kennels, a nearly 50-year-old business spread across nine acres outside of Annapolis, Maryland. Work from home also meant that suddenly, people didn’t really need pet daycare or boarding services, says Beechnut owner Melissa Medick.

| MarketWatch

The June jobs report offered hope for workers in some industries in the U.S. economy — but the news was much less hopeful for small businesses.

| Chicago Tribune

This week, applications for the Paycheck Protection Program closed with more than $100 billion left in funds. Many small businesses like mine have applied for and received some funding, but are still struggling to stay afloat. The shutdown has lasted much longer than anticipated when the paycheck program was created. The PPP as initially devised wasn’t created to aid small businesses for this length of time, and many small businesses will run out of money before the economy strengthens to the point where we can support ourselves. This is why Congress must revisit the concept of PPP.

| Yahoo! Finance

Small Business Majority Vice President of Entrepreneurship Brian Pifer joins Yahoo Finance’s Zack Guzman to discuss how small businesses are coping amid coronavirus disruptions.

| Chris Coons

The P4 Act is endorsed by Small Business Majority, Page 30 Coalition, Association of Women’s Business Centers, Association for Enterprise Opportunity, U.S. Black Chambers, Inc., Small Business Roundtable, America’s SBD, National Restaurant Association, Third Way, American Hotel and Lodging Association and the International Franchise Association.

| Business Insider

"We need to be focused on keeping as many businesses viable as possible so as the economy reopens — we can see that's already going to happen in fits and starts — that they are able to start to regrow and repurpose themselves," John Arensmeyer, head of the Small Business Majority advocacy group, told The Wall Street Journal.

| Advertising Specialty Institute

“We need to be focused on keeping as many businesses viable as possible so as the economy reopens — we can see that’s already going to happen in fits and starts — that they are able to start to regrow and repurpose themselves,” John Arensmeyer, chief executive of advocacy group Small Business Majority, told The Wall Street Journal.

| New York Daily News

“It was a flawed structure to begin with,” said John Arensmeyer, CEO of Small Business Majority, an advocacy group. “It favored established businesses. It was set up to give money to people with strong banking relationships.”

| CNN Business

Cliff Hodges, founder of California-based Adventure Out LLC, which provides lessons and retreats in surfing, rock climbing, mountain biking and other outdoor adventures, has been having a survivalist adventure of his own since March, when he had to temporarily shut operations down.


"It's an extra PR nightmare," said Ann Leadbetter, who owns Meriwether Cider in Boise, Idaho, with her husband and two adult daughters. Her business includes a tap room and a cider house from which they sell their own hard ciders.

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