Biden Administration Begins Initiative to Expand Access to Capital for Small Businesses
The Biden administration is looking to strengthen the small business sector by expanding access to capital, investments, technical assistance and services required to support the companies’ growth initiatives.
As part of the initiative, the administration has proposed rules to diversify the network of private funds and managers that provide long-term debt or equity investments to small businesses and extend additional licenses to nonbank lenders and community development financial institutions, the White House said Tuesday .
The Small Business Administration is also proposing to update regulations governing certain loan programs to ease processing burdens for small business borrowers.
In December 2022,…
ChatGPT, AI, Walmart robots and other news.
CHINA – 2023/02/21: In this photo illustration, a ChatGPT logo is displayed on the screen of a … [+] smartphones with the OpenAI logo in the background. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
Here are five things in tech that happened this week and how they affect your business. Did you miss them?
1 – Small businesses use ChatGPT as a personal assistant.
DC News Now recently highlighted a story about a working mom of three – Alexandria Allison – who is using ChatGPT for her professional coaching business. Allison said she…
A Guide on Getting Started In Property Development
Image credit: ThisIsEngineering vis Pexels.com
Property development (or real estate development) is a hot topic right now. And rightly so, real estate development can be highly lucrative and rewarding. And women are proving that property development isn’t just a man’s world anymore. Real estate is a great option for women and statistics show that the number of women in the industry is steadily increasing.
So what is property (or real estate) development? Simply put, property development is about adding value to real estate or real estate assets by renovating, re-leasing, and reimagining the property. This process involves many activities that…
The CanadianSME Small Business Magazine is thrilled to announce the fourth edition of Small Business Expo 2023, a one-day event for small business owners and entrepreneurs to showcase the latest innovations in technology: Empowering Small Businesses to Thrive in the Digital Era
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Published June 13, 2023 • 4 minute read
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The CanadianSME Small Business Expo 2023 is a continuation of our dedication to supporting Canadian SMEs. The theme of Small Business Expo 2023 is “Leveraging Technology For Small Business Growth.”
MISSISSAUGA, Ontario, June 13, 2023 (GLOBE NEWSWIRE) — CanadianSME Small Business expo will welcome several experts sitting…
Why Turning 40 is the Best Thing That Could Ever Happen to a Woman
I was 36 when I got married for the first time and I didn’t have any children. You can imagine how many times from ages 22-36 I was asked “when are you going to get married”.
When I graduated from high school, I just knew I was going to meet my soulmate in college and get married right after graduation. We were going to own a house with a white picket fence and had 2.5 children, the average in 1999.
Six years later, I graduated with my master’s degree, still single, and had no idea what I wanted to do…
US SMBs Are Distinctly Optimistic Among Their Global Peers
US SMBs are more optimistic than their global counterparts, a third (33%) are ‘very confident’ in their business currently
Technology adoption is the key to productivity and growth for US SMBs in 2023, over half plan to accelerate their tech investment, and are open to emerging technologies such as AI
ATLANTA, May 08, 2023 (GLOBE NEWSWIRE) — Sage’s annual survey of almost 12,0000 business leaders globally – ‘Small Business, Big Opportunity’ – finds that despite a challenging 2022, where rising costs and pressures on cash flow impacted profitability, American SMBs are distinctly confident among their global peers.
Out of the…
Stop tech hopping: How to select the right tech to sustainably run your business
How often have you seen a new tech platform that can help you grow your business or streamline your systems, and feel that twinge of excitement?
Okay, sometimes it can come with a touch of overwhelm too. But how many times have you wanted to abandon ship from your current CRM, course platform, or funnel builder for something new that looks better in some way? Sometimes it has more features, sometimes it looks more elegant, and sometimes it comes down to investment levels — but in working with more business owners than I can count, most entrepreneurs are ready to…
SBA Lifting Moratorium on Licensing Lending Companies
Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans.
Effective May 12, the agency is lifting the moratorium on licensing new Small Business Lending Companies (SBLCs), adding a new type of lending entity called a Community Advantage SBLC and removing the requirement for a loan authorization in the 7(a) and 504 loan programs, according to a final rule published Wednesday (April 12) in the Federal Register.
The 7(a) loan program provides SBA-guaranteed loans to small businesses.
The number of SBLC licenses has remained unchanged at 14 since 1982, so the only way for a new…
