SmallBusinessNewz

Small Business Administration Takes Its Ideas To Washington

The economy is on everyone's mind these days, and the implications of every economic decision are important to all, none more so than small business owners.This week, the Small Business Administration took to Washington to present some ideas to the White House about entrepreneurship and business growth. 

Small Business Administration Unveils New App

The US Small Business Administration wants to provide business owners with a quick, streamlined way to access resources to help them start up or grow.The app, developed and donated as gift from Palo alto Software, is a free app that will allows users to connect with SBA-affiliated advisers and mentors that can provide free small business advice and assistance. 

SBA Announces Grants In Effort To Promote Exports

Any small business owners interested in exporting goods (or exporting more goods, as the case may be) might want to consider moving forward with their plans in the near future.  Yesterday, the Small Business Administration announced a State Trade and Export Promotion (STEP) pilot grant initiative intended to distribute $90 million.

Small Business Administration Funding May Be Cut

The United States Small Business Administration - along with any business owner who planned to rely on its loans - may need to tighten its figurative belt in the near future.  A new report indicates that the SBA is itself facing a major funding reduction.

Morgan Stanley Commits To $500M Credit Initiative

Small businesses in need of loans may get some aid from financial giant Morgan Stanley before long.  Today, the organization committed to helping small businesses access as much as $500 million in credit, which should act as a pretty significant support mechanism.Fair warning: this isn't quite the same as Morgan Stanley reaching deep into its own pockets.  It sounds like a lot of the money will come straight from the government, with Morgan Stanley playing the role of matchmaker and/or mediator.

Big National Small Business Week Celebrations Planned

Small business owners are, with any luck, in for a great seven days.  Sunday, May 23rd marks the start of National Small Business Week this year, and all sorts of acknowledgments and ceremonies have been planned.  One will even benefit from the direct support of the U.S. Small Business Administration.

SBA: Signs of Improved Small Business Lending

The US Small Business Administration says they are seeing signs of improved small business lending. Loan volume has increased over 25% compared to the weeks before President Obama signed the American Recovery and Reinvestment Act (ARRA) into law. Since May 29th, the SBA has approved $3.15 billion in Recovery loans. It has also supported nearly $4.3 billion in lending to small businesses.

Is Your Small Business Struggling to Make Ends Meet?

Earlier this week the Small Business Administration (SBA) announced they would be providing interest-free loans to deserving small businesses. Small Business Administrator Karen G. Mills made the announcement during her National Small Business Week keynote speech.

New SBA Head Officially Confirmed

Whether you love it or hate it, the Small Business Administration has a new leader.  The U.S. Senate unanimously confirmed President Obama's nominee, Karen Gordon Mills, as the organization's administrator late last week.

Large-scale HUBZone Fraud Discovered

Small businesses in low-income communities have been unfairly deprived of federal contracts, according to a new report.  The Government Accountability Office found that the Small Business Administration's Historically Underutilized Business Zone program has sent money to unqualified (and dishonest) companies time and time again.