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Small businesses

U.S. commercial bankruptcies up 33% year to date

U.S. commercial bankruptcies up 33% year to date

Source: Reuters
Date of Publication: October 5th, 2020
U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed.
Lowe's launches 'Shark Tank'-like effort for small businesses

Lowe’s launches ‘Shark Tank’-like effort to get products from diverse small businesses on shelves

By: Melissa Repko
Source: CNBC
Date of Publication: September 15th, 2020
Lowe’s CEO Marvin Ellison said the company is launching a pitch contest for small businesses.
Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners - WSJ

Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners

By: Inti Pacheco
Source: The Wall Street Journal
Date of Publication: September 8th, 2020
E-commerce platform has tapped into small businesses needing websites, doubling its revenue.
5 storytelling lessons from Square’s COVID-19 campaign - PR Daily

5 storytelling lessons from Square’s COVID-19 campaign

By: Ted Kitterman
Source: Ragan's PR Daily
Date of Publication: August 24th, 2020
The payment company asked business owners to share their stories of managing through the trials of an unprecedented pandemic—creating a support hub for entrepreneurs in the fight of their lives.
Coca-Cola ends ad spend hiatus with campaign calling for a ‘better normal’

Coca-Cola ends ad spend hiatus with campaign calling for a ‘better normal’

By: Charlotte Rogers
Source: Marketing Week
Date of Publication: July 30th, 2020
After pausing all advertising in April due to the coronavirus crisis, Coca-Cola is back with a new campaign advocating for a better life post-pandemic and a package of marketing support for the hospitality sector.
As outbreak spreads beyond big cities, Lowe's looks to help rural small businesses and serve customers in new ways

As outbreak spreads beyond big cities, Lowe’s looks to help rural small businesses and serve customers in new ways

By: Melissa Repko
Source: CNBC
Date of Publication: July 16th, 2020
Lowe’s said it will donate $25 million toward small business grants in rural communities, in addition to $30 million in grants for minority-owned businesses.
PPP recipients can apply early for loan forgiveness, SBA says

PPP recipients can apply early for loan forgiveness, SBA says

By: Jeff Drew
Source: Journal of Accountancy
Date of Publication: June 23rd, 2020
New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money.
Small businesses expect to fail. Here’s what will happen to their PPP loans.

Small businesses expect to fail. Here’s what will happen to their PPP loans.

By: Greg Iacurci
Source: CNBC
Date of Publication: June 24th, 2020
Small businesses have received nearly $630 billion in combined funding through the Paycheck Protection Program and the Economic Injury Disaster Loan program. Nearly a quarter of small businesses are considering closing permanently due to Covid-19, one survey found. All PPP loans and EIDL loans of less than $25,000 have terms that are relatively favorable to borrowers if they need to close.
These entrepreneurs are just about out of their paycheck protection funding. Here’s what’s next

These entrepreneurs are just about out of their paycheck protection funding. Here’s what’s next

By: Darla Mercado
Source: CNBC
Date of Publication: June 14th, 2020
The Paycheck Protection Program offered forgivable loans to entrepreneurs whose businesses were affected by Covid-19. Originally it was intended to cover up to eight weeks of payroll costs, rental expenses, utilities and more.
Businesses that received money in April are coming up on the end of their eight-week period. For restaurants and other businesses, it means they’re out of aid before they’re up and running.
Senate Democrats have proposed a new lifeline to allow the hardest-hit firms to apply for a second injection of PPP funding.
As the Pandemic Unfolds, Big Alcohol Brands Plan for the Future as Others Fight for Survival_Adweek

As the Pandemic Unfolds, Big Alcohol Brands Plan for the Future as Others Fight for Survival

By: Kathryn Lundstrom
Source: Adweek
Date of Publication: May 28th, 2020
Conglomerates learn important lessons, while small breweries and distilleries just try to stay alive