Showing 3 results for:

coronavirus relief fund

by Topic

All results

Just 5% of Small Business Owners Have Received PPP Money

Small business owners are anxiously waiting to see if Congress will inject more money into the Paycheck Protection Program (PPP), the federal rescue program that failed to reach the vast majority of small businesses it was intended to help the first time around. A new LendingTree survey found that just 5% of business owners have received a PPP loan, though 60% had applied for funding. Survey respondents were eager to submit their applications once the program opened, but many struggled to communicate with bankers as the entrepreneurs’ financial situations further deteriorated — and then the $349 billion emergency funding ran out of funds after 13 days. Many of the 1,260 small business owners surveyed expressed their frustrations. “I’ve kept my employees on payroll even though we closed because it is the right thing to do,” one respondent said. “Unemployment in our state is only $275 per month. They can’t live on that. Now, I’m in limbo waiting for the PPP money. I have no idea when,...

Apr 22, 2020

18-Year-Old Black Entrepreneur Launches Hand Sanitizer Company

Eighteen-year-old Kehlin “King” Farooq II had one wish for his birthday — to supply the masses with hand sanitizer. The aspiring engineer is the founder and creator of GermAtize , a hand sanitizer company located in Houston, TX. Farooq’s idea to create a hand sanitizer came about in 2019 after his mother, a pharmacist, began to have early conversations with her colleagues about the coronavirus. Not even a full calendar year later, COVID-19 has made its way to the United States, leading stores to quickly sell out of much-needed necessities, including hand sanitizer. Observing the lack of hand sanitizer, Farooq approached his dad and explained his idea of developing his own hand sanitizer product. His father reached out to a friend who owns a laboratory, and the rest is history. GermAtize is now a reality. According to its website, GermAtize is a hand sanitizer and soap that kills 99.9 percent of germs in 30 seconds or less. Check out how Farooq’s father took to his Twitter to spread...

Apr 17, 2020

Over 100 Athletes Donate Sports Memorabilia to Coronavirus Relief Fund

Amid the coronavirus outbreak, millions of people around the world are coming together to help those in need. Whether they’re giving back, donating supplies, or contributing to relief funds, companies and people are doing their part to support one another. Sports, in particular, is an industry that’s taken a heavy hit as many events and games have been suspended indefinitely. While all sports are on pause right now, some big-name athletes like Zion Williamson, Stephen Curry, and Kevin Love are digging into their wallets to pitch into the relief efforts. Most recently, sports agency Octagon has launched its own initiative, Athletes for COVID-19 Relief , as a fundraising tool for all athletes to show their support for those in need. View this post on Instagram A post shared by Nathan Adrian (@nathangadrian) Through this fund, Forbes reports that over 100 athletes from various sports have donated their signed memorabilia to help raise money to go towards supplies and other relief...

Mar 23, 2020