Microloans are a great way for small business owners to open up their own business. If you only need a few thousand dollars to get started this is a great option for you. There are many people out there who are searching for business funding loans that are not getting approved because of a lack of credit or experience. Microloans are backed by the Small Business Administration, so it… Continue reading
SBA recovery lending extended through April
Small Business Administration recovery lending has been extended through April. Signed by President Barack Obama on Friday, the legislation will enhance the SBA’s two largest small business loan programs. First made available under the American Recovery and Reinvestment Act, the enhancements include fee relief and a higher guarantee on some SBA-backed loans. The $40 million extension will …
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Geithner: Commercial real estate loans problematic
Mounting losses from commercial real estate loans will continue to be a problem for the U.S. and especially smaller banks, but it can be managed, Treasury Secretary Timothy Geithner said Monday.
Read more on AP via Yahoo! News
SBA Disaster Loan Deadline is April 26; There is Still Time to Apply
ATLANTA—-The U.S. Small Business Administration is reminding small businesses and most private non-profit organizations that April 26 is the filing deadline for federal economic injury disaster loans available in New York as a result of hail that began on June 12, 2009.
Read more on Business Wire via Yahoo! Finance
SBA Warns Against Lending Scam
The U.S. Small Business Administration is warning against scams offering to help small businesses apply for SBA loans for a fee, in some cases promising to secure the loan.
Read more on Hartford Courant
SBA recovery lending is extended again
WASHINGTON | President Barack Obama signed legislation Friday extending through April the U.S. Small Business Administration’s ability to provide enhancements in its two largest small business loan programs. The enhancements, first made available under the American Recovery and Reinvestment Act, include a higher guarantee on some SBA-backed loans…
Read more on The Lexington Dispatch
In the midst of the global economic crisis, many small businesses are on the brink of closing down if not enough capital infusion is found. It is now even more difficult to get small business loans from banks, though. Ironically, the exact reasons why small businesses need such small business loans – the fact that business has slowed down and profitability has plummeted – are the same reasons why… Continue reading
Running small business is no small feat, considering that one has to handle so many daunting tasks. From getting the business up and running, to planning, financing, marketing, managing employees and accounting, it adds up to a huge task. To top it all off, all of the responsibility falls on squarely on the lap of the small business owner.
Running a Small Business
Above all else, we need to answer two… Continue reading
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