Tag: small business examples

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

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Sauna Blanket FAQ – Maria Mind Body Health

Saunas have been a popular way to relax and detoxify for centuries, but not everyone has access to one. Sauna blankets offer a convenient and affordable way to enjoy many of the same benefits of a traditional sauna in the comfort of your own home.

Sauna blankets are essentially portable saunas that use heat and far-infrared rays to promote relaxation, detoxification and weight loss. They come in a variety of shapes and sizes, but they all work in essentially the same way: by trapping heat and sweating close to the body, which helps to open up the pores and release

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Women are changing the tone in Washington: We’re all better for it

“Hey, I’m a governor, too,” she joked. I had struck up a conversation with New York Gov. Kathy Hochul (D) at the annual dinner hosted by the journalistic organization, the Gridiron Club and Foundation, earlier this month, only to be warmly interrupted by Kansas Gov. Laura Kelly (D).

Later in March, I had the privilege of attending the White House Women’s History Month celebration, and this past week I went to President Biden’s announcement in support of women small business owners and a subsequent panel of women CEOs moderated by Small Business Administration administrator Isabella Guzman .

Perhaps it took

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Should I invest in a small business? Here are the numbers.

QUESTIONS: A friend asked me to buy 20% of his small business for $100,000. I’m sure that 20% of the company is worth that much today. Still, I’m worried. Are there things I should think about when it comes to making an investment like this one?

ANSWER: You are right to be concerned. Making a minority investment in a privately held company is risky, but we’ve done it successfully. We’ll share what we’ve learned about how to mitigate the risk. You’ve said that based on the company’s current value, it’s a sound financial investment. That’s a good first step.

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‘Nothing is impossible for me’

Business owner rebuilds after massive fire

A devastating fire destroyed a small business inside a South Fulton warehouse back in September. Six months later the CEO is back in business and in a new location.

ATLANTA – A devastating fire destroyed a small business inside a warehouse in South Fulton last September.

“Nothing is impossible for me and I think that is the true phrase for Play Pits post-fire,” Chantel Powell said.

Powell, who is the CEO of Play Pits, still remembers the 3 am phone call that changed her life in early September 2022.

“I could see the smoke

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Small Business Hosting Workflows

In today’s digital age, small businesses need to be able to keep up with the ever-changing environment in order to remain competitive. This is why many of them have turned to new hosting solutions that provide innovative ways for them to streamline their workflows and maximize their productivity. Small business hosting services can be done through a variety of platforms, such as cloud computing and virtual private servers (VPS).

Cloud computing allows businesses to access their data from anywhere and at any time, while VPS allows them to scale up or down depending on their needs. Both of these solutions

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Small business owners invited to free panel discussion – Port Arthur News

Small business owners are invited to a free panel discussion

Published 12:42 am Saturday, March 4, 2023

The LSCPA SBDC is located at 1401 Procter Street. (Monique Batson/The News)

A champion of small business development in the region is putting on a free panel discussion next week in Port Arthur.

The Small Business Development Center coverage area includes Port Arthur, Groves, Nederland and Port Neches, as well as Bridge City, Orange and Vidor.

The SBDC is hosting “Is Your Business Financially Healthy?” Tuesday. Space is limited, and refreshments will be served from 3 to 5 pm at the Ruby Fuller

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