At the Federal Level

With Congress still on its “spring break”, it has been relatively quiet from a legislative and regulatory perspective at the federal level, but we noted a few items we wanted to apprise our readers of. The Small Business Administration (SBA) is celebrating Small Business Week the week after next, April 30 – May 5 with…

Read More »

DOL Prepares for New Overtime Rule

The DOL new overtime rule has been enjoined by a federal court in Texas pending final disposition of 2 distinct legal challenges – one brought by 21 states and the other filed by a number of business (the two cases have since been consolidated in State of Nevada v U.S. Department of Labor).  Notwithstanding that…

Read More »

SBA Webinars Scheduled

Maybe it stems from WikiLeaks dropping a bunch of private emails in this election cycle or maybe it’s just coincidence, but either way, the Small Business Administration (SBA) is getting active in trying to educate small businesses about technology issues.  Actually, the SBA has a number of webinars scheduled for next Thursday, October 27 that…

Read More »

DOL Overtime Rule Sent To OMB

Without boring you with all the painful governmental details, the new Department of Labor mandated overtime rules have been sent to the White House Office of Management and Budget (OMB) for their final review before becoming effective.  OMB review typically takes a month or two to complete, but with the prospect of the Congressional Review…

Read More »

CFA Asks for Help on Franchise Relations Bills

The Coalition of Franchisee Associations (CFA) has asked franchisees across the country to reach out to their Congressmen and ask for their support of two bills filed by Representative Keith Ellison (MN – 5th District).  H.R. 3196, The Fair Franchise Act of 2015 will prohibit unfair and discriminatory practices by franchisors and require all parties…

Read More »

SBA Advocate Asks for More Comment Time on Overtime

With the Obama administration moving full bore on implementing its new overtime rules under the Fair Labor Standards Act, the business advocate’s office within the Small Business Administration has formally requested that DOL allow more time for concerned individuals and small businesses to comment on the proposal.  DOL’s Wage and Hour Division has proposed more…

Read More »

Urge Congress To Support Franchise Bills

We advised you a couple of weeks ago that Congressman Keith Ericson (D-MN) had filed two bills beneficial to franchise owners in the Fair Franchise Act of 2015 (H.3196) and the Small Business Franchise Loan Transparency Act (H.3195).  Now, it is incumbent upon us all to urge our own representatives in Congress to sign on…

Read More »

SBA Reviewing Franchise Loan Eligibility

The Small Business Administration, which last year alone guaranteed some $6 Billion in loans to franchisees, is reviewing their current franchise eligibility procedures with an eye on improving the process.  The SBA Loan Guarantee program has been criticized by some members of Congress who do not believe the government should be in the business of…

Read More »

SBA Waives Fees on Small Loans

Earlier this month, the Small Business Administration (SBA) announced some very good news for those looking to borrow up to $150,000 as the agency announced it will continue its program of waiving fees on its Section 7 (a) loan program.  In Fiscal 2014, which ended September 30, through the 7a program, the SBA had approved…

Read More »

Temporary 504 Loan Refinancing for Eligible Small Business Assets Under the Jobs Act Expires 9-27-2012

From time to time DDIFO is pleased to present Guest Commentary from valued contributors. Guest commentaries feature the views, and opinions of the contributor and are not necessarily the opinions of DDIFO and it’s Board of Directors. The following is information submitted by Barbara Arena, Vice President of Granite State Development Corporation (GSDC) 131 Whitman Street, Hanson, MA 781-294-2244, barbara@granitestatedev.com, www.granitestatedev.com, regarding refinancing opportunities thru the SBA’s Temporary 504 Loan Refinancing Progam.

Read More »