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Beyond PPP and EIDL: Other ways the SBA – and the right lender – can help grow your business

2 years 5 months ago
Many businesses are still reasonably well-capitalized after taking advantage of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). These lending programs, which were backed by the Small Business Administration (SBA), provided a crucial lifeline for many business borrowers during the worst of the COVID-19 pandemic. However, pandemic lending programs were never meant to be permanent. As PPP and COVID-19 EIDL loans begin to wind down, business owners should be aware of…
Chris Davis

Record number of workers quit hospitality jobs, experts cite mental health as common reason

2 years 5 months ago
Many of us know someone who has left their job during the pandemic in search of another position. A new study says more workers quit their jobs in September than ever before. According to the U.S. Labor Department, more than 4.4 million workers quit their jobs voluntarily in September. That number is up from the 4.3 million people we saw leaving their jobs in August 2021. Almost 1 million workers quit in the leisure and hospitality industry alone. KSDK 5 On Your Side talked with a restaurant…
Sydney Stallworth, KSDK

Inside Arch Grants' fundraising strategy that's brought in millions

2 years 5 months ago
This story is part of a series looking at the impact of St. Louis' Arch Grants startup investment program after 10 years. For more, go here. Arch Grants founder Jerry Schlichter says he’s noticed plenty of nonprofits that “wither on the vine” after they’ve launched. The reason: fundraising. Many nonprofits face a tension between trying to balance their annual budgets and pursuing their long-term ambitions, Schlichter said. He wanted Arch Grants to chart a different path. Since its founding…
Nathan Rubbelke

St. Louis restaurant wins world's best burger award

2 years 5 months ago
The St. Louis food scene is getting international recognition this week. The World Food Championships crowned their winners Tuesday evening in Dallas, and two St. Louis-area restaurants took home top prizes. Hi-Pointe Drive-In beat the competition to win the title of burger champion with a vegan take on its classic cowboy burger. Along with the title, Hi-Pointe owner Mike Johnson and executive chef Adam Pritchett also received a $7,500 check. “Shout out to the burger man himself, Executive Chef…
Kayla Wheeler, KSDK