Minnesota is in hot water. The Small Business Administration (SBA) has put a freeze on nearly 7, 000 loans. Why? Because there's a big fraud scandal brewing. These loans, worth up to $400 million, were given out during the COVID-19 pandemic. The idea was to help small businesses, but it seems some p
The Department of Justice (DOJ) recently revealed a significant fraud case involving COVID-19 relief funds. A total of 18 individuals were indicted, with 14 arrests made in the Los Angeles area. This group is accused of stealing over $25 million in COVID-19 relief funds and federal small business lo
Starting a business is a big challenge. It is even more difficult when you have to deal with high costs. These costs include rent, labor, and taxes. Living near the coasts in the U. S. can make it even harder. This is because costs are generally higher in these areas. A recent study highlighted the
The Federal Reserve is poised to make a crucial decision - cutting its key interest rate, which has been widely anticipated since the Covid-19 pandemic. The rate cut serves as a benchmark for borrowing costs across the economy, and investors are eagerly waiting to see how big the cut will be. While
