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SBA loans jump in fiscal 2010

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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… Continue Reading SBA loans jump in fiscal 2010

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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… Continue Reading IRS answers small biz questions about Affordable Care Act

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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… Continue Reading SBA recovery lending extended through April

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SBA extends incentive period

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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… Continue Reading SBA extends incentive period

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  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… Continue Reading PTAC opens to assist businesses gain government contracts

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SBA seeks Colorado businesses for awards

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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.… Continue Reading SBA seeks Colorado businesses for awards

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SBA offers help in getting federal contracts

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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… Continue Reading SBA offers help in getting federal contracts

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Tune in to the SBA on YouTube

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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… Continue Reading Tune in to the SBA on YouTube

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If your  business needs a small infusion of cash to stay afloat, an opportunity has arrived. Small business loans are now available through America’s Recovery Capital, a temporary loan program. The Small Business Administration is accepting loans of up to $35,000, which are designed to keep small businesses open. Businesses must be for-profit to qualify. The deferred-payment… Continue Reading SBA launches new small business loan program

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