by Rob Larimer Published: October 12,2010
The Small Business Administration has resumed guaranteeing 90 percent of loans made through its flagship 7(a) program. The incentive was created to help SBA lending rebound after it cratered during the financial crisis of 2008. The 90 percent guarantee, up from the typical 75 percent, was first funded by the economic stimulus bill, which also [...] [...]
by Rebecca Tonn Published: October 6,2010
After months of backlog, all applications in the Small Business Administration’s loan queue have received final approval. The approval amounts to almost $970 million, or 1,939 loans, all because the Small Business Jobs Act of 2010 was passed Sept. 27. The act provided funding for the extension of increased guarantees and reduced fees in SBA’s two [...] [...]
by Rebecca Tonn Published: October 5,2010
Small Business Administration loans appear to have rebounded in fiscal year 2010. Loan enhancements first put in place under the American Recovery and Reinvestment Act of 2009, and extended last week in the Small Business Jobs Act of 2010, have driven SBA-backed lending. In the past fiscal year, SBA supported more than $22 billion, or [...] [...]
by Rob Larimer Published: May 17,2010
Tags: Affordable Care Act, Small Business, Small Business Administration
The Internal Revenue Service has issued guidance for small businesses to determine whether they are eligible for the health care tax credit under the Affordable Care Act. The guidance explains that small businesses that receive the state health care tax credits may still qualify for the full federal tax credit. And, the guidance allows small [...] [...]
by Rebecca Tonn Published: March 30,2010
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 [...] [...]
by Rebecca Tonn Published: March 13,2010
Incentives for Small Business Administration loans have been extended until March 28. The Temporary Extension Act of 2010 provides funds to eliminate or reduce fees on SBA 503 loans and temporarily restores the 90 percent guarantee on SBA 7(a) loans. Signed by President Obama, the extension authorizes higher guarantee levels. The fee relief is available [...] [...]
by Amy Gillentine Published: November 9,2009
Tags: Colorado Procurement Technical Assistance Center, Colorado Springs Chamber of Commerce, Small Business Administration
The Colorado Procurement Technical Assistance Center, a statewide organization designed to provide government contract assistance, opened this morning in Colorado Springs at 6 S. Tejon St, Ste. 850. About 60 people from the business community showed up at the Pikes Peak Center to celebrate its opening. PTAC’s goal is to increase the number of local [...] [...]
by Staff Writer Published: October 26,2009
The U.S. Small Business Administration is seeking nominations for its 2010 Colorado Small Business Week Awards. Statewide award winners will compete for regional and national honors. The national celebration is scheduled for spring 2010 in Washington, D.C. The nomination guidelines and forms are available at www.nationalsmallbusinessweek.com. The deadline for all nomination packages is Nov. 13. [...] [...]
by Rebecca Tonn Published: September 1,2009
Tags: Federal contracting online training course, Small Business Administration
The Small Business Administration has launched an online training course, “Recovery Act Opportunities: How to Win Federal Contracts,” to teach small businesses how to compete for federal contracts. As part of the federal initiative announced last month, the SBA and Department of Commerce are offering the course for small business owners. The course will help business [...] [...]
by Rob Larimer Published: August 26,2009
The U.S. Small Business Administration is using YouTube as part of its outreach. “With millions of visitors, most of them under 35, YouTube offers a prime opportunity to use current technology and the appeal of a popular online platform to further promote the agency’s programs and services,” SBA Administrator Karen Mills said. SBA said it [...] [...]
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