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Small Business Administration: Steps Needed to Address COVID-19 Loans' Susceptibility to Fraud - Government Accountability Office Small Business Administration: Steps Needed to Address COVID-19 Loans' Susceptibility to Fraud - Government Accountability Office Posted: 25 Mar 2021 09:15 AM PDT What GAO Found In April 2020, the Small Business Administration (SBA) quickly implemented the Paycheck Protection Program (PPP) and expedited the processing of Economic Injury Disaster Loans (EIDL) and a new EIDL advance program. These important programs have helped businesses survive during the very challenging COVID-19 pandemic. In an effort to move quickly on these initiatives, SBA put limited internal controls in place, leaving both programs susceptible to fraud. GAO found the following: PPP oversight. Given the immediate need for PPP loans, SBA implemented limited safeguards for approving PPP loans. Because ongoing oversight is

7 profitable business ideas to start in 2021 - TechRadar 7 profitable business ideas to start in 2021 - TechRadar Posted: 30 Mar 2021 11:10 PM PDT Small business ideas are easy to find, but some are total duds. To be your own boss, you need a business that will make you money and make you happy. Luckily, this list is packed with profitable, scalable business ideas.  Whether you want to launch a dropshipping store or flex your skills with a website design business, you can find a customer base in 2021. Why should you start a small business now? It takes confidence to start a business, but entrepreneurs have a lot to gain by going it alone. Here are some of the big perks running a small business can bring you: Independence - Small business owners can do things their own way, from the business plan and marketing to services or products sold.  Flexibility - Although starting a business takes a decent amount of effort, the payoff i

Ontario Doubles Small Business Support Grant - Cornwall Seaway News Ontario Doubles Small Business Support Grant - Cornwall Seaway News Posted: 28 Mar 2021 10:26 AM PDT CORNWALL, Ontario – The Ontario government is providing additional support to eligible small businesses to help with the ongoing costs of the COVID-19 pandemic. Confirmed eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000. "One of the most significant inequities of the pandemic has been the impact on small business owners and their employees who have faced significant restrictions," said Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board. "That's why in the Budget yesterday we announced a second payment of the Ontario Small Business Support Grant — so that eligible small

Exporters have temporarily halted sales to EU, says small business group - Evening Standard Exporters have temporarily halted sales to EU, says small business group - Evening Standard Posted: 28 Mar 2021 04:01 PM PDT A lmost one in four smaller firms which export goods have temporarily halted sales to European Union, new research suggests. Around one in 25 have decided to stop selling into the EU permanently after new trading rules came into force at the start of this year, the study indicated. The Federation of Small Businesses (FSB) said some exporters have established, or are considering setting up a presence within an EU country to ease their exporting processes. One in 10 are thinking about securing warehousing space in the EU or Northern Ireland said the report. Most importers and/or exporters have suffered shipment delays when moving goods around the EU in recent weeks, said the FSB, with one in three lo

These women? Their place is at the top - Berkshire Eagle These women? Their place is at the top - Berkshire Eagle Posted: 28 Mar 2021 07:30 PM PDT BOLA granola, Gammelgarden Farm and Battenkill Wholesome Foods have something in common. Yes, their local products are delicious. And, yes, their wares can be found at hundreds of stores across the region. And, notably, they are all successful businesses conceived and run by women. In honor of Women's History Month, Berkshire Food Co-op and Wild Oats have sponsored this special look at three women who put everything into their businesses, adding jobs, commerce and flavor to the regional economy at the same time. Michele Miller is the founder of BOLA granola, in Great Barrington.  Eagle File Photo Michele Miller, of BOLA granola An independent type, Michele Miller has been creating and running her own businesses since 1975. "I had a revelation recently, and I