Small Business

Junior’s Cheesecake owner Alan Rosen told CNBC on Monday that restaurants would be in serious financial trouble if they have to reopen then close back down due to the coronavirus pandemic.  “This opening and closing could be the death knell of restaurants in this country,” Rosen said on “Power Lunch.” ”When people are buying up food, then
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Natasha Alipour Faridani | DigitalVision | Getty Images The government’s release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans. The data released by the Small Business Administration and Treasury
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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
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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
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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
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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
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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
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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
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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
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