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

October 26, 2018

In Didcot, England, known as the country’s “most normal town,” one resident creatively tried to change people’s perceptions with additions to road signs along local highway A4130.

October 26, 2018

An Eastern Michigan University student filled a pothole in Trenton with a whole box of Lucky Charms and a gallon of milk.

September 17, 2018

Drop a hammer off a high-rise and the impact could be deadly. Stretch a subcontractor out too long on payments and it could have a similarly devastating effect.

According to a recent survey by TSheets, more than a third of construction contractors experience cash problems at least once a month. That’s not surprising considering a 2018 study of working capital by PriceWaterhouseCoopers found that half of construction subcontractors are waiting 84 days or more to get paid – the longest wait of any industry measured.

...

November 15, 2016

It’s not uncommon for frustrations to arise every now and then at work. Sometimes it’s regarding a technical difficulty. Other times it’s because your coworkers beat you to the free donuts in the morning. And a lot of times, it has something to do with a client. Maybe it was something they did. Or maybe it was something they said (or didn’t say).

They’ll help ease your frustration and cultivate healthier client relationships.

Listen.

November 15, 2016

You can never be too organized, especially if you’re a business owner. With improved organizational skills, you can use your time as efficiently and effectively as possible. More organization means more productivity — and ultimately, profitability.

Hone your business organization skills today with these 5 simple tips.

Go Paperless.

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