Tag: small businesses

Small Business

Readout of Roundtable on Capital Access for Small Businesses

Yesterday, the Administrator of the Small Business Administration (SBA) Isabel Guzmán, the Deputy Secretary of the Treasury Wally Adeyemo, American Rescue Plan Coordinator Gene Sperling, and Deputy Director of the National Economic Council Bharat Ramamurti were joined by US Senator John Hickenlooper (D -CO) and small business leaders, advocates, and mission lenders with particular expertise in reaching minority small businesses to discuss the Biden-Harris Administration’s small business agenda to expand capital access, including newly proposed rules from the SBA and historic investments by the Treasury Department in CDFIs. The group includes non-profit mission lender groups, Community Development Financial Institutions (CFIs),…
Small Business

Walmart Adds More Time-Saving Benefits For Small Businesses

Cell Phone with Walmart Business app Photo courtesy Walmart Six months ago, Walmart WMT introduced a special program for small businesses and non-profit organizations designed to make it easier to shop for their needs at Walmart. It is called Walmart Business. Today the company reveals a new app with more benefits for small businesses. Walmart Business is aimed at helping all small and medium businesses, not limited to retailers. It makes his/her life easier and hassle-free with new fast delivery and pick-up options. Walmart also unveiled several services that respondents in a survey commissioned by Walmart Business and conducted by…
Small Business

US small business sentiment edges up in May, NFIB says

WASHINGTON (Reuters) – US small business confidence rebounded in May, but worries about the economy’s outlook and inflation remained, according to a survey released on Tuesday that also showed businesses still eager to hire more workers. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose 0.4 point to 89.4 last month. It was the 17th straight month that the index stayed below the 49-year average of 98. The share of owners expecting better business conditions over the next six months slipped one point to a net negative 50%. A net negative 21% expected higher inflation-adjusted…
Small Business

Opinion: Saskatchewan needs to end small business tax, not restore it

Breadcrumb Trail Links columnists The Canadian Taxpayers Federation wants Saskatchewan’s small business tax, set to be restored July 1, to be permanently eliminated. Published June 13, 2023 • Last updated Jun 13, 2023 • 3 minute read Finance Minister Donna Harpauer holds an embargoed news conference regarding the 2023-24 Budget at the Legislative Building on Wednesday, March 22, 2023 in Regina. TROY FLEECE / Regina Leader-Post Photo by TROY FLEECE /Regina Leader-Post Article content On Canada Day, small business owners in Saskatchewan will pay higher taxes. Advertisements 2 This advertisement has not been loaded yet, but your article continues below.…
Small Business

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…
Small Business

Do all banks offer small business loans?

SDI Productions/Getty Images Whether you want to purchase new equipment, expand to a new location or buy additional inventory, you may someday need a bank loan for business. But, do all banks offer small business loans? The short answer is that most banks include business loans among their products. Exceptions include investment banks like Goldman Sachs and especially small banks and credit unions. With thousands of options, how do you choose the right bank? Your choices range from large national banks like Bank of America; to tiny, local banks like Oakwood Bank of Texas, possibly the smallest bank in the…