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Wednesday, October 28, 2020  Spokane, Washington  Est. May 19, 1883
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Small firms less apocalyptic as 60% see survival past 6 months

America’s small businesses are slightly more bullish about their own survival than five months ago, with a majority now saying they expect to be operating beyond six months even if current conditions persist, according to a new survey.

Size mattered: Big companies got coronavirus loans first

Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had their loans approved and disbursed more quickly. There is now evidence to back up those complaints.

Watchdogs: Treasury too secretive on small business loans

The Trump administration has relented to public pressure and pledged to provide more details about which small businesses received loans from a $600 billion-plus coronavirus aid program. But government watchdogs say even more transparency is needed to get an accurate picture of who was helped, and who was left out.

Senate passes fix for small-business coronavirus relief

The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program that’s been a central part of Washington’s response to the corresponding economic crisis.

US firms return virus loans as Treasury threatens penalties

More than 40 public companies are pledging to return money to the government’s small business coronavirus fund now that Treasury Secretary Steven Mnuchin is threatening criminal prosecutions for violating the rules of the program.

SBA for first time makes disaster loans available to farmers

Federal officials this week have reserved a disaster loan program, which traditionally had been used for things like hurricane recovery, to give exclusive access to agriculture-related businesses to ensure that farmers get a chance to secure funds from the national relief program.

Fed expands Main Street Lending Program for businesses

The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses struggling to cope with the economic disruptions caused by the coronavirus pandemic.