Showing posts with label small businesses. Show all posts
Showing posts with label small businesses. Show all posts
Monday, January 23, 2012
Dean Ethridge: 8 Reasons to Start a Home-Based Business in 2012
Dean Ethridge discussed Robert Kiyosaki's Business of the 21st Century and 8 benefits and reasons to start your own business this year. Check out the full article at Dean's blog
Monday, October 3, 2011
Local banks enticed with funds for small business loans
Local banks enticed with funds for small business loans
By Josh Flory
Billy Carroll, president and CEO of Pigeon Forge-based SmartBank, acknowledges that the regulatory climate is tougher than it used to be, but said that banks still want to loan money.
'If we can't grow assets we can't make money,' he said. 'We can't generate a return for our shareholders.'
SmartBank's parent company was approved recently for $12 million through the federal Small Business Lending Fund, and Carroll said the bank is working on a couple of small-business loans that he thinks were generated by its participation in the program.
The funding, he said, allows the bank to price its loans a little more competitively, to grow its asset base 'and not have to worry about going out and immediately trying to raise capital behind that.'
SmartBank is among a handful of Tennessee community banks that have been on the receiving end of money from the $30 billion program approved by Congress last year.
See the full article at the Knoxville News Sentinel web site: http://www.knoxnews.com/news/2011/oct/03/local-banks-enticed-funds-small-business-loans/
By Josh Flory
Billy Carroll, president and CEO of Pigeon Forge-based SmartBank, acknowledges that the regulatory climate is tougher than it used to be, but said that banks still want to loan money.
'If we can't grow assets we can't make money,' he said. 'We can't generate a return for our shareholders.'
SmartBank's parent company was approved recently for $12 million through the federal Small Business Lending Fund, and Carroll said the bank is working on a couple of small-business loans that he thinks were generated by its participation in the program.
The funding, he said, allows the bank to price its loans a little more competitively, to grow its asset base 'and not have to worry about going out and immediately trying to raise capital behind that.'
SmartBank is among a handful of Tennessee community banks that have been on the receiving end of money from the $30 billion program approved by Congress last year.
See the full article at the Knoxville News Sentinel web site: http://www.knoxnews.com/news/2011/oct/03/local-banks-enticed-funds-small-business-loans/
Monday, July 25, 2011
Women-Owned Small Business Federal Contract Program
Latest News Release: February 1, 2011 – SBA Expands Access to Federal Contracting Opportunities for Women-Owned Small Businesses
Memo from the Administrator:
On October 7, 2010, the U.S. Small Business Administration published a final rule effective February 4, 2011, aimed at expanding federal contracting opportunities for women-owned small businesses (WOSBs). The Women-Owned Small Business (WOSB) Federal Contract program authorizes contracting officers to set aside certain federal contracts for eligible:
Women-owned small businesses (WOSBs) or
Economically disadvantaged women-owned small businesses (EDWOSBs)
http://www.sba.gov/content/contracting-opportunities-women-owned-small-businesses
Memo from the Administrator:
On October 7, 2010, the U.S. Small Business Administration published a final rule effective February 4, 2011, aimed at expanding federal contracting opportunities for women-owned small businesses (WOSBs). The Women-Owned Small Business (WOSB) Federal Contract program authorizes contracting officers to set aside certain federal contracts for eligible:
Women-owned small businesses (WOSBs) or
Economically disadvantaged women-owned small businesses (EDWOSBs)
http://www.sba.gov/content/contracting-opportunities-women-owned-small-businesses
Thursday, May 26, 2011
Advice for business: Hire an attorney (Tennessean)
A small business just starting out needs a "strong three-legged stool to support it," columnist Jeff Cornwall writes. "The three legs should consist of a strong attorney, a CPA and a business banker." Cornwall explains why it's best not to do-it-yourself when it comes to these jobs.
Chris Sloan, an attorney with the Nashville office of Baker, Donelson, Bearman, Caldwell & Berkowitz, weighs in saying that the best way to avoid a nasty business breakup later is with an agreement that addresses issues like decision-making, dispute resolution, what happens if someone dies or wants to leave, and how and when to shut or sell the business. "With a good agreement, you accomplish two things," Sloan says. "First, you avoid a dispute down the road, and second, you have a chance to preserve the personal relationships."
Read the full story at the Tennessean's website: http://www.tennessean.com/article/20110509/BUSINESS/305090019/Startup-entrepreneurs-need-good-business-attorneys
Chris Sloan, an attorney with the Nashville office of Baker, Donelson, Bearman, Caldwell & Berkowitz, weighs in saying that the best way to avoid a nasty business breakup later is with an agreement that addresses issues like decision-making, dispute resolution, what happens if someone dies or wants to leave, and how and when to shut or sell the business. "With a good agreement, you accomplish two things," Sloan says. "First, you avoid a dispute down the road, and second, you have a chance to preserve the personal relationships."
Read the full story at the Tennessean's website: http://www.tennessean.com/article/20110509/BUSINESS/305090019/Startup-entrepreneurs-need-good-business-attorneys
Friday, March 18, 2011
Two New Loan Initiatives Announced by Small Business Administration
Two New Loan Initiatives Announced by SBA: Small Loan Advantage and Community Advantage 7(a) Loan
SBA is committed to expanding access to capital for small businesses and entrepreneurs in underserved communities so that we can help drive economic growth and job creation. In line with that, SBA is rolling out two new initiatives on February 15, 2011, aimed at increasing the number of loans in these communities.
SBA and U.S. Department of Commerce studies have shown the importance of lower dollar loans to small business formation and growth in underserved communities. With that in mind, and building on the agency's "Advantage" platform, both Small Loan Advantage and Community Advantage will offer a streamlined application process for SBA 7(a) loans up to $250,000.
Published by the Tennessee Small Business Development Center, referencing:
http://www.sba.gov/advantage.
See also:
http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/sba-loan-programs/7a-loan-program.
SBA is committed to expanding access to capital for small businesses and entrepreneurs in underserved communities so that we can help drive economic growth and job creation. In line with that, SBA is rolling out two new initiatives on February 15, 2011, aimed at increasing the number of loans in these communities.
SBA and U.S. Department of Commerce studies have shown the importance of lower dollar loans to small business formation and growth in underserved communities. With that in mind, and building on the agency's "Advantage" platform, both Small Loan Advantage and Community Advantage will offer a streamlined application process for SBA 7(a) loans up to $250,000.
Published by the Tennessee Small Business Development Center, referencing:
http://www.sba.gov/advantage.
See also:
http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/sba-loan-programs/7a-loan-program.
Tuesday, March 30, 2010
Small Business Advocate created within Tennessee's Office of the Comptroller
The Senate Commerce Labor and Agriculture Committee has voted to create a small business advocate within the Office of the Comptroller of the Treasury, utilizing existing personnel.
Senate Bill 3484 calls for the advocate to mediate and assist with resolution of issues concerning small business owners and state departments and agencies. The bill also requires the small business advocate to prepare an annual report on their office's activities, findings and recommendations to the governor, members of the General Assembly and the heads of the affected departments and agencies to make sure officials are notified about any problems or concerns.
Senate Bill 3484 calls for the advocate to mediate and assist with resolution of issues concerning small business owners and state departments and agencies. The bill also requires the small business advocate to prepare an annual report on their office's activities, findings and recommendations to the governor, members of the General Assembly and the heads of the affected departments and agencies to make sure officials are notified about any problems or concerns.
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