Small Business

Robert De Niro (L) and chef Nobu Matsuhisa appear during a preview for the Nobu Restaurant and Lounge Caesars Palace on February 2, 2013 in Las Vegas. David Becker | Getty Images The Nobu group of luxury sushi restaurants and hotels took 14 loans from the U.S. small business relief program for as much as

Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. Carlos Barria | Reuters The

Sam Lyon likes a good challenge.  And when his new job fell through because of a coronavirus hiring freeze, Lyon wanted to aim high. That’s when Lyon, 26, decided to create what he calls the “Uber Eats Challenge.” The Salem, Oregon, resident committed to doing deliveries for 12 hours per day, every day, for the

Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019. Bill Clark | CQ Roll Call | Getty Images Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they

People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer.  Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19

Billionaire global investor Barry Sternlicht told CNBC on Tuesday that the U.S. could end up in a downward spiral of economic pain if the businesses cannot get back to operating due to the coronavirus.  “If we don’t get people back to work and the enterprises back to getting revenues and profits, there is going to be extreme

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images The Paycheck Protection Program is ending, meaning ailing small businesses will need to look elsewhere for funding. But where to turn? While there are other options that may be of help to entrepreneurs during

Jacy and Seth Boyack reopened their Arizona massage spa earlier this month from pandemic-driven closures. But they shut Citrus Massage back down after four days, citing safety concerns from the Covid-19 outbreak.  In an interview Monday on CNBC’s “The Exchange,” Jacy Boyack said that even working the front desk, she felt concerned.  “I’m not a massage

The administrator of the Small Business Administration, Jovita Carranza, looks on during the daily briefing on the coronavirus outbreak. Mandel Ngan | AFP | Getty Images The speedy rollout of the Paycheck Protection Program put cash into the hands of business owners — and it may have also paved the way for fraud. Those were

Many businesses are using “the pandemic as a cloak” to cut jobs that they had wanted to cut even before the coronavirus outbreak, “Shark Tank” investor Kevin O’Leary told CNBC on Wednesday.  “Their jobs will never come back,” O’Leary said on “Squawk Box.” ”This is great for earnings in the S&P. It’s not great for employment.”  O’Leary said that

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may

A sign is seen at the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. ANGELA WEISS/AFP via Getty Images Roughly 14% of business owners who received a loan through the Paycheck Protection Program expect to lay off workers once they deplete their funds, according to a

People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema experience on June 16, 2020 in the Brooklyn Borough of New York City, amid the novel coronavirus pandemic. Angela Weiss | AFP | Getty Images More than 700 cities across the U.S. plan to delay or cancel planned infrastructure

A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images It’s the banking world’s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since

During the pandemic, Shelly Marshall knew she’d have to pivot quickly to stay afloat. Marshall co-owns Brooklyn-based Island Pops with her husband, Khalid Hamid, selling Caribbean-inspired ice cream. “You come to a shop, sit down and have an ice cream cone and hang out with friends — that wasn’t possible during Covid,” Marshall said. “Customers

10’000 Hours The IRS won’t let you write off those home-office expenses on your 2020 taxes, but your state just might. It’s been about three months since state governments put in place stay-at-home orders to mitigate the spread of coronavirus. Indeed, employees who have the option to work remotely are getting used to it. More

Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC In late March, with the coronavirus pandemic forcing mom-and-pop shops across the country to shut down indefinitely, small business lender Kabbage furloughed a “significant number” of employees and paused its lending operation, anticipating the contraction in its customer base. But CEO Rob Frohwein, who co-founded the

U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said on Monday he will be talking with the Senate and others on a “bipartisan basis” about striking a balance between protecting the

Founders: Rob Frohwein (CEO), Kathryn Petralia, Marc GorlinLaunched: 2009Headquarters: AtlantaFunding: $489 millionValuation: $1.1 billion (PitchBook)Key technologies: Artificial intelligence, machine learningIndustry: Credit, financial services, lendingPrevious appearances on Disruptor 50 List: 2 (No. 14 in 2019) George Kavallines Among the biggest headaches any small business faces is cash flow. Kabbage, headquartered in Atlanta, is a data and technology company providing small businesses with

As retail sales pick up again, National Retail Federation CEO Matthew Shay said he wants to make sure small and mid-sized stores and restaurants can make a comeback, too. “They get hit harder and they get hit first and so we need to bring them back quickly,” he said on CNBC’s “Squawk Box.” Retail sales