KHD Buzz – SBA Loans Are Downsized, Retail Sales Plummet in March and More

KHD Buzz – SBA Loans Are Downsized, Retail Sales Plummet in March and More

April 20, 2020 Off By Koehler Home Decor

SBA Loans to Small Businesses To Be Scaled Down

The Small Business Administration confirmed in an email to loan applicants that a promised advance of up to $10,000 will be considerably smaller for some businesses.

The email was sent to business owners who applied for the Economic Injury Disaster Loan, in response to being asked to shutter businesses in the face of COVID-19. Read More

Walmart CEO On Changing Lockdown Purchasing Trends

In an interview with the Today show, Walmart CEO Doug McMillon detailed the ways shoppers are changing their purchase patterns as lockdowns continue, with hair color, hair clipper and hair product sales increasing while the demand for hand sanitizers and toilet rolls decreases, as people adjust to ‘life indoors’. Read More

Retail Sales Fell Record 8.7 percent in March

According to the Commerce Department, US retail sales fell a record 8.7% in March 2020, leading to a stock free fall for some retail players and a lack of confidence on Wall Street in the retail sector in general. Read More

Some Online Stores Thriving Despite COVID-19 Restrictions

As you might expect some online stores are thriving in the midst of the coronavirus crisis, and in a recent interview the CEO of one of those companies, pet supplies clearinghouse Chewy.com discussed what measures have to be taken to keep online stores fulfilling orders safely. Read More

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