Banking

Superior prepays a $ 2.6 million loan from Kestrel Aircraft

The Upper City Council closed the chapter on Kestrel Aircraft Company on Tuesday, March 2. The company had hoped to revolutionize the general aviation industry by building its K-350 – a carbon composite turboprop aircraft – at Superior, creating 600 jobs. Kestrel announced that it would build its manufacturing facility …

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Dutch government suspends bailout loan to KLM | New

The restructuring plan proposed by KLM was rejected by the Dutch government for failing to secure crucial union commitments, and the airline will not be allowed to draw more on the loans offered to support the carrier. The Dutch Ministry of Finance informed Parliament that the first drawdown of the …

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Here’s why a nightmarish tax season awaits small businesses

Westend61 | Westend61 | Getty Images A hellish tax season is fast approaching for small businesses that have received assistance under the CARES Act. “The provisions of the CARES Act are all useful for small businesses, but they will complicate tax planning efforts over the next two years,” said Holly …

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