President Joe Biden hosted the Small Business Administration’s (SBA) Women’s Business Summit in Washington D.C. At the event, President Biden announced new resources for women business owners and expansion of the SBA’s Women’s Business Center network.
The recent wave of bank failures in the country has many small business owners evaluating their current banking arrangements. Some are opening accounts at larger financial institutions, while others are focusing on community banks.
Entrepreneurs, who created their businesses on TikTok, are nervous about a potential ban on the social media app in the United States. The Biden Administration is seeking to force a sale of TikTok by its owner since it’s a Chinese company,
Source: LA Times.com
Fraudsters are targeting small businesses on Facebook with claims that company owners can gain free money from government agencies. The false ads tell owners they must pay a fee to apply for the grants, which is not required.
JP Morgan Chase announced it would award a $500,000 grant to several San Antonio-based nonprofits who serve small and minority-owned businesses in the area. The grants will help the organization scale up their efforts, including helping companies to reach international markets.