NEWS

January 29, 2019

NOTE: Article was written prior to Govt. shutdown being lifted. 

With each new day of the government shutdown, hundreds – as many as 300 a day – small business owners are left without a crucial course of capital. And the backlog is getting bigger by the day.

The Small Business Administration halted its program supporting 7(a) loans for working capital and 504 loans for commercial properties on December 22, the day the government shutdown began. Usually, the SBA manages about 200 loans for working capital and 120 loans for commercial properties per day, amounting to roughly $200 million worth of loans every day for small and midsize businesses. Currently, only funds for disaster-related loans remain active. As the longest government shutdown in U.S. history drags with no clear end in sight, small business advocates are urging the President to restart the SBA's lending program.

"It is important that small businesses who apply for loan guarantees that they are able to get their money," Nydia M. Velázquez, chairwoman of the House Committee on Small Business told The Washington Post. "This is going to have a direct impact on the operation of their businesses."

Linda McMahon, head of the Small Business Administration, has plans to expedite loans as soon as the government reopens.

SOURCE: Inc.com, 1/14/19

December 27, 2018

UK neuroscientists measured brain activity of participants who attempted to solve difficult puzzles as quickly as possible while connected to sensors.

December 27, 2018

Three cheeky raccoons jolted a Toronto, Ontario, Canada, woman awake when they broke into her kitchen.

December 27, 2018

Here are some tips for leveraging social media to get faster service on your next trip:

December 27, 2018

New York Times magazine (12/2/18) asked its readers: “If you could double the capability of one of your senses, which would you choose?” 

December 27, 2018

The Martin County (Florida) Sheriff’s Office has received repeated calls about a man in a Stuart neighborhood who conducts chores around the outside of his house in the nude.

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