Coronavirus
WASHINGTON (BRAIN) — The Small Business Administration announced Thursday it has no more money to assist small businesses affected by the COVID-19 pandemic and can't accept any more Paycheck Protection Program or Economic Injury Disaster Loan applications.
More and more bike brands are manufacturing PPE or making other donations to aid in the battle against COVID-19. Here are some of the reports we've received this week.
WASHINGTON (BRAIN) — With the Small Business Administration nearing the limit of Paycheck Protection Program loans it can issue, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza jointly issued a statement Wednesday night calling for Congress to approve additional funding.
WASHINGTON (BRAIN) — The Small Business Administration said Tuesday that as of noon Eastern time it had approved $253 billion in forgivable loans during the program's first 12 days.
NEWBURY PARK, Calif. (BRAIN) — BRAIN checked in with Giant Group's U.S. general manager, John "JT" Thompson, this week to get his view of how the U.S. industry is handling the COVID-19 pandemic.
Talking to your landlord is one of the last things you want to do right now. Rent is likely your largest monthly expense and since you have a lease, it’s not going away.
WATERLOO, Wis. (BRAIN) — Sound financial advice is at a premium these days for bicycle retailers trying to survive the COVID-19 pandemic, and Andrew St. Clair has some to give.
Specialized, Santa Cruz and Saris have each revealed some details of their efforts to help the fight against COVID-19.
WASHINGTON (BRAIN) — The Federal Reserve infused the Paycheck Protection Program and others with $2.3 trillion in loans Thursday to further support small businesses in the wake of the COVID-19 pandemic.
BOULDER, Colo. (BRAIN) — In the newest Bicycle Retail Radio podcast from the National Bicycle Dealers Association, Lester Binegar, the general manager of University Bikes in Boulder, talks with Ray Keener about shop operations during the COVID-19 response.
WATERLOO, Wis. (BRAIN) — Trek president John Burke says "The big question for the industry is: What's going to happen as we exit this?"
FRIEDRICHSHAFEN, Germany (BRAIN) — The organizer of the Eurobike trade show says he is still uncertain whether the trade show will be held as planned in early September, and said the show has dates in late November reserved as a "Plan B" in case the COVID-19 crisis forces a postponement of the September show.
BROOMFIELD, Colo. (BRAIN) — Vail Resorts, the ski resort, real estate and retail giant, told Colorado officials Wednesday that it has furloughed 65 employees at its Bicycle Village stores in Aurora, Boulder and Littleton, Colorado.
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