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Mnuchin | April 29, 2020

The United States will audit government-backed loans intended to relieve small businesses hit by the coronavirus to ensure they weren't taken out by large companies, Treasury Secretary Steven Mnuchin said on Tuesday, April 28. The Paycheck Protection Program (PPP) was part of a $2.2-trillion stimulus package passed by Congress late in March to blunt the pandemic's impact on the economy, and is supposed to lend money to businesses with fewer than 500 employees. But the initi...

Global News | April 21, 2020

The pursuit of a craft beer during the pandemic inspired a pair from Saskatoon’s tech industry to help local businesses affected by COVID-19. Kyle Gunderson, a project manager at a local software firm and University of Saskatchewan graduate, said the conversation about finding beer led himself and Elden Dutton to create Support Saskatoon. The online directory lists Saskatoon-specific businesses and non-profits. “Every business in the world seems to be struggling [during the pandemic]...

CNBC | February 20, 2020

Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade deal with China and the signing of the USMCA. This is a sharp turnaround from the lows seen last summer as trade turmoil weighed on Main Street’s outlook. The Small Business ...

Small Business Advice

Atom, Funding Circle | May 31, 2021

UK-based small business loan platform Funding Circle and Atom, the UK’s app-based bank, have announced a lending partner that will provide £300 million of new funding to small businesses. With £350 million already lent through the Funding Circle platform, this latest commitment brings Atom’s total lending with Funding Circle to £650 million. Lisa Jacobs, Europe managing director of Funding Circle, said, “We are excited that Atom bank has strengt...