Posts tagged Small Business Administration

We learned a little bit more about Maria Contreras-Sweet, President Obama’s SBA chief pick, when she testified before the Senate Committee on Small Business and Entrepreneurship on February 13:

[She] is the founder of a Los Angeles bank and once served in the cabinet of California’s state government. She’s made loans backed by the SBA and run a state agency that dwarfs the SBA in number of employees and annual budget. She’s also a native of Mexico who adds to the cabinet’s diversity and has roots in the fast-growing community of Hispanic entrepreneurs.

Learn more about SBA chief nominee Maria Contreras-Sweet on businessweek.
(Official White House Photo by Chuck Kennedy)

We learned a little bit more about Maria Contreras-Sweet, President Obama’s SBA chief pick, when she testified before the Senate Committee on Small Business and Entrepreneurship on February 13:

[She] is the founder of a Los Angeles bank and once served in the cabinet of California’s state government. She’s made loans backed by the SBA and run a state agency that dwarfs the SBA in number of employees and annual budget. She’s also a native of Mexico who adds to the cabinet’s diversity and has roots in the fast-growing community of Hispanic entrepreneurs.

Learn more about SBA chief nominee Maria Contreras-Sweet on businessweek.

(Official White House Photo by Chuck Kennedy)

The dawn of Facebook business page rankings and anonymous, negative online reviews has made small business owners more vigilant about their company’s reputation online. The Small Business Administration has partnered up with Yelp to offer two, hour-long webinars on how to “engage with online reviewers and manage their online reputation,” covering:

  • Best practices for getting started with online review sites
  • An overview of how small businesses can join the conversations that are happening about their businesses online
  • Tips on how to handle critical feedback and respond to reviews
  • Ways to generate more buzz by creating exciting promotions and monitoring customer leads 

The first webinar starts February 11, 2 p.m. EST. For more information, visit SBA.gov.

President Obama named his nominee for the Small Business Administration: Maria Contreras-Sweet. Contreras-Sweet, who has experience in community banking and public administration and contracting, may signal a new direction for the SBA: to focus more on boosting business ownership in disadvantaged communities.
Via OPENForum.com “Obama’s SBA Administrator Pick Suggests New Focus for Agency”
Photo credit: Wikimedia Commons

President Obama named his nominee for the Small Business Administration: Maria Contreras-Sweet. Contreras-Sweet, who has experience in community banking and public administration and contracting, may signal a new direction for the SBA: to focus more on boosting business ownership in disadvantaged communities.

Via OPENForum.com “Obama’s SBA Administrator Pick Suggests New Focus for Agency

Photo credit: Wikimedia Commons

5 Secrets For Landing a Whale of a Client
        
        According to a study
 by the Small Business Administration, nearly 70% of U.S. sole 
proprietorship companies earned just $25,000 in 2010.  If 
you’re among that group, you are likely missing out on one of the most 
lucrative opportunities available to small businesses: selling to 
corporate America. Here are five surprising tips to make selling to corporate clients a little easier:1. Take the road less traveled2. Timing is everything3. Don’t try to sell them anything4. Approach sales conversations like a toddler would5. Don’t try to be a mind readerRead More
        (via 5 Surprising Secrets for Selling to Large Corporate Clients | Inc.com)
5 Secrets For Landing a Whale of a Client

According to a study by the Small Business Administration, nearly 70% of U.S. sole proprietorship companies earned just $25,000 in 2010.  If you’re among that group, you are likely missing out on one of the most lucrative opportunities available to small businesses: selling to corporate America. Here are five surprising tips to make selling to corporate clients a little easier:

1. Take the road less traveled
2. Timing is everything
3. Don’t try to sell them anything
4. Approach sales conversations like a toddler would
5. Don’t try to be a mind reader

Read More

(via 5 Surprising Secrets for Selling to Large Corporate Clients | Inc.com)

A Small Business Guide to the Presidential ElectionBoth Democratic President Obama and Republican challenger Mitt Romney pledge to create jobs and kickstart the economy, but differ on their methods. For those still on the fence, here’s a summary of their stances on issues affecting small business. Read MoreRelated posts:1. Presidential Candidates Spar Over Small Business (Again)2. Obama’s Plans for Small Business3. Poll: Small Business Owners Slowly Shifting to Obama4. Will Election Year Politics Destroy Your Culture?5. Top 5 Business Lessons from the Presidential Debates
        (via A Small Business Guide to the Presidential Election - OPEN Forum :: American Express OPEN Forum)
A Small Business Guide to the Presidential Election

Both Democratic President Obama and Republican challenger Mitt Romney pledge to create jobs and kickstart the economy, but differ on their methods. For those still on the fence, here’s a summary of their stances on issues affecting small business. Read More

Related posts:
1. Presidential Candidates Spar Over Small Business (Again)
2. Obama’s Plans for Small Business
3. Poll: Small Business Owners Slowly Shifting to Obama
4. Will Election Year Politics Destroy Your Culture?
5. Top 5 Business Lessons from the Presidential Debates

(via A Small Business Guide to the Presidential Election - OPEN Forum :: American Express OPEN Forum)

Low-Interest Loans Available for Small Businesses Impacted by Sandy

Small-business owners that need financial assistance due to hurricane Sandy should tap disaster recovery loans from the Small Business Administration. The low-interest loans may be used to repair or replace real estate, machinery, equipment, inventory and other business assets that have been damaged or destroyed in a “declared disaster”. The two main types of disaster recovery loans for small businesses are “Business Physical Disaster Loans” and “Economic Injury Disaster Loans”. The maximum amount of assistance available for each type of loan is $2 million. For businesses that have no other access to credit the maximum interest rate is 4 percent and the repayment term can be as long as 30 years.

Learn more at SBA.gov.

Other Resources for Small Businesses:

SBA Web Chats to Aid Female Entrepreneurs

During October, the U.S. Small Business Administration is hosting a series of weekly, live Web chats for female entrepreneurs.

The series, part of National Women’s Small Business Month, features live Q&As with SBA experts who will offer women advice on how to assemble a business plan, find funding sources, learn about government contracting, obtain mentors and build a profitable business.

To read more and get the web schedule, click here.

Despite conventional wisdom, a new study shows that small banks aren’t always the best option when looking for a small business loan.
        (via Why Small Banks Aren’t Always Best for Small Business Loans | Fox Small Business Center)
Despite conventional wisdom, a new study shows that small banks aren’t always the best option when looking for a small business loan.

(via Why Small Banks Aren’t Always Best for Small Business Loans | Fox Small Business Center)