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Obama Pushes Congress to Pass Small Business Plan

WASHINGTON – President Barack Obama pushed the Senate on Tuesday to pass legislation he says will benefit small businesses and generate jobs, and called on Republicans to back what he described as a plan similar to programs they had supported in the past, reported Reuters. The plan includes a $30 billion fund to invest in … Read More »

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Senate Clears Way for $30 Billion Small Business Fund

Washington is poised to launch its most direct attempt to revive small business lending since the financial crisis with a plan to invest up to $30 billion of federal money in small banks and give them incentives to re-lend that money to Main Street companies, Bloomberg reported. The Small Business Lending Fund, outlined by President … Read More »

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How to Get a Small Business Loan

Before you apply for any kind of small business loan — be it with the Small Business Administration, a bank or even family or friends — be prepared by gathering up all your bookkeeping, financial and other records. It will make the business loan application process less stressful and more likely to be approved by … Read More »

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CareerBuilder: Small Businesses Plan on Hiring

The latest survey from online human capital management company CareerBuilder found that small businesses plan to be hiring in the second half of 2010. Thirty-two percent of companies with 500 or fewer employees plan to add new employees in the months of July through December, the survey found, while 21 percent will hire full-time, 11 … Read More »

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The Wrong Fix for Small Business Lending

In a speech last week, Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. Bernanke implored community banks to lend more to small businesses, saying they are “crucial to America’s recovery,” FORTUNE reported. Reading the speech, Dr. William Dunkelberg, the chief economist at the … Read More »

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Small Businesses Go After Offshore Tax Havens

Offshore tax havens have a new critic: small businesses. On Tuesday, hundreds of these businesses will join in the announcement of a grass-roots campaign against tax avoidance that has already drawn support from a prominent lawmaker, The New York Times reported. The campaign, Business and Investors Against Tax Haven Abuse, is backed by Senator Carl … Read More »

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