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Start Your Business Now ... SeriouslyWith unemployment up, consumer spending down and the housing market still uncertain, now probably doesn't seem like the best time to branch out and start your own business. A recent study from the Ewing Marion Kauffman Foundation found, however, that more than half of the companies on the 2009 Fortune 500 list were launched during a recession or bear market. That's in addition to nearly half of the firms on the 2008 Inc. list of America's fastest-growing companies. |
Pico Rivera's Endpak Thrives, Despite EconomyEndpak Packaging Inc., the Pico Rivera company is gearing up to move from its 44,000-square-foot Paramount Boulevard location to an 89,000-square-foot facility on Perkins Street. |
SBA Loan Program Not a 'Slam Dunk'The Small Business Administration has unveiled a new government-guaranteed loan program to allow dealers to finance expanded selections of autos, recreational vehicles, motorcycles, boats and manufactured homes. One problem with the plan: Dealers don't seem interested. |
Stimulus Summit for Small Businesses in El Paso, TXMinority small-business owners can meet next week with government officials and small-business lenders to learn more about opportunities for work, financing and resources through the American Reinvestment & Recovery Act. |
SBA Issues Loan Refinancing ChangesEasing current rules, the U.S. Small Business Administration said Wednesday that small businesses will be able to refinance existing loans used to purchase real estate and equipment. |
SBA Changing Rules for Expansion LoansThe U.S. Small Business Administration announced changes Wednesday to a loan program that will help companies that want to expand. |
Credit Access Remains Difficult for Small BusinessesSmall, rural businesses have been battered by tight credit in the past year, and the outlook is uncertain despite some favorable signs, according to a report from the Federal Reserve Bank of Kansas City, Mo. |
Quick Credit Tight for Small BusinessesThe number of small U.S. businesses relying on credit cards to cover operational costs has risen, the National Small Business Association said. With bank loans harder to get, at the end of 2008 about 44 percent of small businesses were relying on credit cards, The New York Times reported Friday. |
Texas Gov. Rick Perry Signs Off on Tax Cut for Small BusinessesNearly 40,000 small businesses would see their state franchise taxes go away for at least the next two years -- an average annual savings of $2,200 -- under legislation Gov. Rick Perry approved Tuesday. |
When Your Business Loan Affects Your Personal CreditSmall business borrowing is generally not reported on owners' consumer credit reports unless they fail to pay on time. But with banks facing rising defaults, at least one lender is moving to add small business loans to borrowers' consumer credit files, meaning small business owners could soon find that their business debts are affecting their personal credit. Any debt that owners personally guarantee -- including many business loans and credit cards -- could be reported. |
Battle Rages Over Venture Capital's Role in Federal Small Business ProgramThe eligibility of venture capital-funded small businesses to receive federal funds intended for small businesses is being called into question. In the past, taxpayer-funded federal programs designed to help the little guy have been abused to line the pockets of what effectively amounted to branches of big companies. The discovery ended the practice of allowing venture capitalists to own companies participating in the Small Business Innovation Research program. Now, a battle is brewing on Capitol Hill over whether the federal government should invite more venture capitalist |
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