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Lending Spigots for Small Businesses Are Starting to Drip

March 24, 2011 by Barbara Weltman with 54 views

One of the main gripes heard during the Great Recession was lack of access to capital for small business.  Access to capital now appears to be gaining on a number of fronts. New SBA programs The Small Business Administration’s Advantage Loan Initiatives expands access to capital for small businesses and entrepreneurs in undeserved... [read more]

President’s Budget Proposal: How Small Business Fares

February 17, 2011 by Barbara Weltman with 333 views

On February 14, 2011, President Obama released his $3.73 trillion budget proposal for FY 2012. How does small business make out in expenditures, tax changes, and other proposals in the budget? Here are some good and bad aspects of the proposal. Cuts in the SBA Bad. The government agency that is exclusively for small business—the U.S.... [read more]

New Sources of Financing for Small Business

November 19, 2009 by Barbara Weltman with 184 views

On November 18, 2009, Goldman Sachs announced it was investing $500 million to provide grants and loans to thousands of small business. The program, called the “10 Small Business Initiative,” is a charitable effort on the part of Goldman Sachs. It will include $200 million in funding for grants through community colleges, universities... [read more]

What are the Characteristics of the Self-Employed?

August 27, 2009 by Steve King with 147 views

The quick answer is most are male, white, married and over the age of 45.  The longer answer comes from The 2009 Small Business Economy, the SBA Office of Advocacy's annual report to the President on how the small business sector of the U.S. economy fared in the prior year. The report contains a lot of information and quite a bit... [read more]

Ongoing Credit Crunch for Small Business and Startups

August 18, 2009 by Zane Safrit with 405 views

Where do startups and small business find their financing? This is not a rhetorical question. Startups and small business will drive us out of this recession with the new jobs they will create. Their new jobs replace the hundreds of thousands eliminated at the large global brands whose solutions fell behind. And without access to... [read more]

Small Business Administration ARC Loan Program Rules to be published June 8th

June 6, 2009 by Tushar Mathur with 246 views

On June 8, the SBA will publish regulations for its new ARC loan program, and on June 15, it will formally open the new temporary loan program. ARC loans of up to $35,000 can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months.... [read more]

SBA Emergency Funding for Small Businesses

May 20, 2009 by Barbara Weltman with 254 views

If you’re in a cash crunch because of debt servicing, there may be relief available. The SBA has announced a new American Capital Recovery (ARC) program under which small businesses can borrow up to $35,000 interest free. Loan proceeds can be received over a six-month period; repayment of principal is deferred for 12 months after... [read more]

SBA Study on Small Business Innovation

March 17, 2009 by Steve King with 171 views

Over the last few years the SBA Office of Advocacy has funded several studies examining the patent activity of small businesses.  All show that small businesses outperform larger corporations in the issuance of patents on a relative basis, meaning that per employee or per dollar of revenue small businesses produce more patents than big... [read more]

New Financing Help for Small Businesses

March 8, 2009 by Wayne Wilson with 139 views

The credit freeze continues to squeeze the finances ofmost businesses especially small and mid-sized companies who have fewerfinancing alternatives than large companies.The recently passed economic stimulus bill [1]contains financing good news and bad news for small business owners.The good news – the bill authorizes an additional $... [read more]

Not that one could call it a pleasure...

November 3, 2008 by Robin Carey with 182 views

Not that one could call it a pleasure, but I’ve been knee-deep in the effect the current down-turn is having on the economy, thanks to SAP.  The global software company, as evidence of its commitment to small and growing businesses, has been conducting a web-based conversation on “Weathering the Economy,” with leading experts... [read more]

Reinventing the SBA

June 9, 2008 by Steve King with 89 views

Bizjournals has an in-depth story looking at the role of the Small Business Adminstration in today's world.  The question the article asks is "can an agency created during the Eisenhower administration serve the needs of small businesses in the 21st century?"  According to the article many, including the vast majority of... [read more]

Recession-Proof Your Business and Get J.K. Lasser’s Small Business Taxes 2008 FREE

February 13, 2008 by Robin Carey with 190 views

Whether there or not we are in a recession is open to debate but it wouldn’t hurt to prepare for the worst by looking at ways to cut expenses where you can without disrupting your business. On the other hand, the combination of the recently signed Economic Stimulus Package and lowered interest rates present some intriguing advantages... [read more]

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