As COVID-19 recedes, a tide of new U.S. businesses rolls in

A record number of new businesses are being created in the U.S. as the COVID-19 pandemic wanes and the economy reopens. The pace of applications for new businesses from the second half of 2020 through May 2021 marks the greatest on record dating back to 2004, according to a recent report from the National Bureau […]

Financial help available for restaurants, bars starting Monday

Financial help is on the way for restaurants and bars that took a major hit when they had to close and limit customer capacity throughout the pandemic. The Small Business Administration will start taking applications Monday for payments to recoup some of those losses. The $29 billion Restaurant Revitalization Fund is part of the latest […]

small business saturday

Small Business Saturday means even more during the pandemic

The Saturday after Thanksgiving has been deemed Small Business Saturday since 2010. It’s a way to help out your local small business and boost the local economy. Cape Coral WINK News Reporter Brea Hollingsworth was out in Cape Coral today to see where people were shopping. The Cape Coral Farmer’s Market is just one of […]

The Fed is finally starting its lending program for small and medium-sized businesses

Small and medium-sized businesses are finally getting some much-needed help from the Federal Reserve. The Fed’s highly anticipated Main Street Lending Program is launching more than two months after it was announced at the beginning of April. While the central bank won’t lend to businesses themselves, it will encourage banks to lend to struggling companies by taking the […]

SWFL small businesses scramble to get funding after state bridge loan runs dry

Business owners are scrambling to get their hands on funding and the state’s bridge loan is one of the wells that’s run dry. Fort Myers Brewing Company is quiet. Usually, they’re selling to crowds in their taproom and supplying kegs to around 700 businesses. “Each tap line means at least one keg a month,” said […]

Wells Fargo stops taking applications for Paycheck Protection Program loans

Wells Fargo is bowing out of a new federal program aimed at helping small businesses retain workers and pay bills during the coronavirus pandemic. The bank announced late Sunday that it would no longer accept new loan applications under the government’s Paycheck Protection Program, which launched last week as part of Washington’s $2.2 trillion economic […]