Small Business

Junior’s Cheesecake owner Alan Rosen said Tuesday that the money the restaurant company has received through the Treasury Department’s small business loan program is not enough to immediately bring workers off furlough.  There is too much uncertainty about when the coronavirus pandemic will subside and when people will be comfortable to “sit shoulder to shoulder in our

Getty Images Millennials have been dealt two very bad economic hands during their lifetimes. First, they weathered the 2008 financial crisis brought about by reckless risk-taking in the financial sector. Now, they confront a much more severe economic calamity caused not by Wall Street’s misbehavior but by a malicious virus. Yet in both situations, the

CNBC’s Jim Cramer on Monday criticized the launch of the small business loan program passed by Congress last month, arguing delays are heaping more burden on business owners. “How many weeks do I have to front everybody?” Cramer said on “Squawk on the Street.”  Cramer owns two restaurants in Brooklyn. While saying he’s fortunate enough

A normally busy Main Street is deserted as the small businesses that line the business district remain closed after the governor instituted a shelter-in-place order in an attempt to curtail the spread of the coronavirus (COVID-19) on March 24, 2020 in Rockton, Illinois. Scott Olson | Getty Images Small businesses have applied for more than

Brandon Colbert Photography As markets careen in response to a near-unprecedented public health crisis that’s brought the U.S. economy to it knees, financial advisors are often the first place worried investors are turning — perhaps after favorite news outlets — for advice, information and solace. While calming clients and working with them to shore up

“When we got the order we were non-essential, that was the day we cleared house,” said Suzanna Cameron, 30, the owner of Stems, a flower shop in Brooklyn, New York. After her store was forced to close in response to the coronavirus pandemic, the single mom said she tried to pivot with virtual flower arranging

Cafe Meow Parlour in New York City. Sarah Whitten | CNBC Nestled in the Lower East Side of Manhattan is a shop with a unique table in the window. A simple wood ledge is balanced on four big white letters that spell out the word “MEOW.” On a typical day, New Yorkers walking the streets

Jetta Productions | Iconica | Getty Images As the economy craters, small businesses are among the hardest hit. When unemployment claims began to jump nationwide in March, layoffs among small business spiked 1,021% compared to the month before, according to exclusive data compiled by human resource provider Gusto, based on more than 100,000 small businesses nationwide.

U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images  Jesse Norris, 50, normally spends his time flying around the globe to do process auditing for aerospace industry clients at his one-man business, Norris Consulting.

Some small business owners waiting for a lifeline in the form of Paycheck Protection Loans under the $2.2 trillion stimulus package have held out hope that a second and smaller form of aid might keep them afloat in the meantime. But as demand spikes for federal funds, new guidance and stalled payouts from the Small