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During the past two years, the SBA has been working directly with the private and public sector lending community to prepare loan products that are more responsive to the needs of small business. In particular, we exchange ideas with banks, credit unions, certified development companies, chambers and various lender associations, resulting in products that simplify… Continue Reading Small Business Administration simplifies loan process

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The Small Business Administration has simplified the electronic loan application process, making it easier for businesses to apply for disaster recovery assistance. “Our goal is to provide support for those rebuilding after a disaster, and we wanted to make the process more user-friendly,” said SBA Administrator Karen G. Mills. “Whether it’s a hurricane, tornado, earthquake… Continue Reading SBA simplifies loan application for disasters

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Mi Casa Resource Center is closing its Pueblo Women’s Business Center on June 30 after 12 years operating in the community. Ending the program is a result of a difficult economic environment, according to an email sent by the agency. “Many of the foundations, corporations and government agencies that Mi Casa has depended on for… Continue Reading Mi Casa to close Women’s Business Center in Pueblo

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ITT Exelis Information Systems is the U.S. Small Business Administration’s pick for best prime contractor. The company’s main headquarters are in Herndon, Va., and its mission systems division is headquartered in Colorado Springs. ITT Exelis Information Systems was selected by SBA as the national winner of the 2012 Dwight D. Eisenhower Award for Excellence, Research… Continue Reading ITT Exelis named by SBA a top prime contractor

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Small businesses will soon have a new weapon in their arsenal – a free, online training curriculum for new and aspiring business owners. Sponsored by the Federal Deposit Insurance Corp. and the U.S. Small Business Administration, the program is known as “Money Smart for Small Business.” The training curriculum provides an introduction to day-to-day business… Continue Reading SBA, FDIC team up for new small biz training course

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A new public-private partnership will allow small businesses access to more than $300 billion in supply chain spending. The partnership involves 15 of the United State’s largest corporations and the U.S. Small Business Administration, according to a press release about the new collaboration. Called the Supplier Connection, the effort was created by the IBM Foundation… Continue Reading Public-private partnership offers small biz opportunity

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Seven Colorado banks and credit unions have signed up to participate in the Small Business Administration’s Export Express loan guaranty program. It means more access to capital for small businesses interested in beginning or expanding their export services. Seven private lenders, covering most counties in Colorado, have signed agreements to participate in the program. SBA… Continue Reading SBA creates express loan program for exporters

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Black Friday kicked off the season of the part-time worker. The National Retail Federation predicts that nationwide retailers will hire about 500,000 seasonal employees this holiday season. Dan Hannaher, Small Business Administration regional administrator whose region includes Colorado, said, “hiring extra help for the hoped-for push should be thought out more than ever.” He offers… Continue Reading Small businesses should have a plan for seasonal hiring

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Colorado small businesses were loaned more money in 2011 through the U.S. Small Business Administration loan program than in years past. The state had record breaking numbers SBA backed loans in 2011, which follows a national trend of increasing SBA-backed lending. “Due to the Small Business Jobs Act and a return to pre-recession lending levels,… Continue Reading Colorado sees record lending to small businesses in SBA loan program

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The U.S. Small Business Administration wants to adjust the size definition of small businesses in the transportation and warehousing sector. The SBA says raising the revenue limits to qualify as a small business reflects changes in the marketplace in the transportation and warehousing sector. The suggested change will affect 22 industries in that economic sector.… Continue Reading SBA ratcheting down on standards to be called ‘small business’

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