Posts tagged as:

small business

Entrepreneur holding a crystal globe

Entrepreneurs represent an essential — and exciting — part of our economy. These innovators keep pushing us through new ideas in business, technology and society, finding better ways to make money, as well as bringing interesting products to market. Many of us would like to entrepreneurs, but do not always know where to begin. Look [...]

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Entrepreneur Working at Home

Being an entrepreneur can be extremely rewarding. After all, you get to build something of your own — and possibly watch it grow. However, when you are an entrepreneur you have a great deal to do. Personal time for entrepreneurs is constantly in short supply. When you are your own boss, you can’t take vacation [...]

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What Does the Future Hold for Small Business Lending?

Money
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Small business lending has been in a funk for some time now. Small businesses play a crucial part in our economy, and the credit crunch has made it difficult for some entrepreneurs to get the money they need to keep up operations (or even get started). Banks are reluctant to loan to small business — [...]

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State of the Union: Can Barack Obama Kickstart the Economy?

Opinions

Even though people are revved up now, and even though all of the economic stimulus ideas sound nice, the real question is this: Will Obama’s policies help the economy? The reality is that Obama is likely to find himself a frustrated president unable to do much of real impact for the economy while partisan bickering continues as each party worries more about taking the other down than actually attending to the people’s business.

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The Economic Recession has Badly Damaged Entrepreneurship in America

News

In a comprehensive look at the effects of the economic recession, Scott Shane writing for the American Enterprise Institute finds that the entrepreneurship culture in America has been badly damaged.
We are constantly reminded how bad the recession has been for the large and mid sized businesses. The effects on the small business has been worse. [...]

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CIT Bankruptcy and New Health Care Plan to Hit Small Business Hard

News

CIT is teetering on the verge of bankruptcy. Feds have deemed the company as not ‘too big to fail’ and as a result with no federal help forthcoming, the company has run out of options.
CIT may not be too big to fail in numbers, but it is a critical part of the small business economy [...]

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Emergency Small Business Loans to be Available June 15th

News

photo credit: henrybloomfield
Authorized as part of the Stimulus Bill, SBA guaranteed emergency small business loans (ARC loans, or America’s Recovery Capital loans) are slated to start June 15th. These loans will allow struggling businesses to get $35,000 in funding at no interest with principal repayments to start one year later. The small business will [...]

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Small Business to Suffer as Advanta Shuts Down Credit Card Lending

News

photo credit: orphanjones
Advanta’s uncollectible debt reached 20% as of March 31 prompting the small business credit card issuer to shutdown new lending as of June 10th to preserve capital. Advanta is offering 65 to 75 cents on the dollar to its securitized debt holders.
The shutdown in credit by Advanta will affect as much as [...]

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Franchise Smart – 10 Tips Before you Start a Franchise

Money

For many budding entrepreneurs, franchising a business is an attractive option. It allows them to become a business owner using processes and systems which have been shown to work in the field, reducing risk and cost. However, before you start a franchise business, you need to be aware of the pitfalls and find way to [...]

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Obama releases new plan to ease small business credit

News

President Obama released a new plan to ease small business credit. Small business lending has declined as the banks continue to hoard money and it is hoped that this new plan will help the small business sector that generates 70% of all jobs in the country

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