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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...
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H.I.G. Capital | December 23, 2021
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Digital Room, LLC (“Digital Room” or the “Company”) to an affiliate of Sycamore Partners. Terms of the transaction were not disclosed. Headquartered in Sherman Oaks, CA, Digital Room is a leading e-commerce provider of customized marketing products to small and ...
Business Wire | February 07, 2020
The CBIZ Small Business Employment Index (“SBEI”) showed companies hit the ground running with hiring in 2020, documenting a seasonally adjusted growth rate of 1.61% in January. This is the highest January reading since the metric’s inception in June 2009. The CBIZ SBEI tracks payroll and hiring trends for over 3,500 companies that have 300 or fewer employees, providing broad insight into small business trends. While January generally sees small businesses scale down their empl...
Business Wire | September 09, 2020
Hewlett Packard Enterprise (HPE) today announced the next generation of the HPE Modular Smart Array (MSA), HPE MSA Gen 6, helping small and medium sized businesses (SMBs) focus on growing their business with an entry-level hybrid-flash storage solution that delivers performance and automation for the tightest of budgets1. In today’s digital-first economy, technology spending is limited for most SMBs. With HPE MSA, SMBs can preserve cash with an updated entry storage solution that continues...
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