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Posts Tagged ‘Small Business Administration’

While many federal agencies will take a haircut in thThe Small Business Administration has emerged from the negotiations largely intact from Federal budget cuts.

If you are a small business owner, you may be pleased to learn that the Small Business Administration (SBA) dodged the budget-bullet last week. Despite bantering about a number of potential cuts, in the end, House and Senate negotiators agreed to restore the SBA appropriation to $433 million. The compromise spending bill includes a cut of 7 to 8 percent on total non-military discretionary spending. The SBA emerged, however, largely intact. Also, the business loan guarantee programs, which are financed through a separate account, also retained its 2010 funding of $236 million. Short-term, it looks like the SBA is still…

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Redefining the ‘Small’ in Small Business

This Portfolio.com article discussing proposals within the Small Business Administration to reassess, in many areas, expand the definition of a small business. A similar article can be found on Kiplinger  but the Portfolio.com article also discusses political action and severe budgetary cuts proposed by the House Small Business Committee. Another resource is the SBA website itself.

A little-known aspect of the Small Business Jobs Act of 2010 is the temporary waiver on fees for some loans guaranteed by the Small Business Administration (SBA).

A little-known aspect of the Small Business Jobs Act of 2010 is the temporary waiver on fees for some loans guaranteed by the Small Business Administration (SBA). The fees, which can range from two to 3.5 percent of the loan amount, can be substantial on high-value loans. While some business borrowers may not feel the pinch, since the fees are typically rolled-into the financing of the loan and not charged upfront, the fee waivers still account for significant savings – especially if the loan value is high. For example, consider a recent article in the Burlington Free Press, highlighting a…

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