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DENVER – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, today re-opened the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers. To promote access to capital in underserved communities, only community financial institutions (Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and Microloan Intermediaries) will initially be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP L...
Small Business Saturday is a relatively new American tradition. While Black Friday has been an informal holiday for more than 60 years, it wasn’t until 2010 that the Saturday after Thanksgiving earned its official title, designating it as a day to shop local and support hometown retailers. In a year where businesses have faced profound challenges due to the COVID-19 pandemic, this year’s Small Business Saturday may be more critical than ever before. In fact, many locally owned retailers earn upwards of 50 percent of annual revenues during the p...