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…

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Obama Care Issues Back in News

As we get closer to January 2015 and the implementation of the employer mandate, we’re seeing more items surrounding the Affordable Care Act surfacing across the country.  We remind our members that the effective date for the employer mandate, which had been delayed several times, is now January 1, 2015 meaning that employers with 100…

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Betting on the Vegas Economy

It’s been called Sin City and the Entertainment Capital of the World, but six years ago, many described Las Vegas a different way. “It was nasty and bleak,” says Arvind Menon, president and CEO of Meadows Bank in Las Vegas. According to Menon, when the U.S. economy crashed, Vegas “looked like a battle zone. A…

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Maine Fair Franchising Work In Progress

The Small Business Investment Protection Act, LD1458, was the subject of a committee work group meeting just yesterday, so we don’t have a full report on which to advise you yet.  Suffice it to say that the Maine legislative page reports that the matter was tabled, but we’ll have more information later today.  We apologize…

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More Changes with ACA (Affordable Care Act or “Always Changing Act”?)

It seems each week is full of news, issues – and changes – involving the Affordable Care Act, also known as Obama Care, and this week is no exception.  First as you no doubt have read, in response to the outcry of policy cancellations, the President again announced a change in the implementation schedule, now…

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Small Business to Drop Insurance Within Five Years

The difficulties we’ve seen with the development and roll-out of the ACA are having an impact and now in a study published by Mercer, as many as 1/3 of small business respondents report they expect to terminate their health insurance for employees within the next five years. And the medical profession isn’t much more friendly…

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Sunny Outlook In Florida As Small Business Upbeat on Future

In the wake of many business groups reporting continuing declines in business confidence across the country, there appeared to be breaks in the clouds from the Sunshine State, where the Tampa Bay Business Journal reported on a survey by the American Express OPEN Small Business Monitor that had 83% of the small business respondents saying…

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Chicago Adds $1 Million to Business Microlending

Chicago franchisees should check into the city’s program for microlending to assist small businesses.  Chicago Mayor Rahm Emanuel announced this week that he was adding $1 Million to the Chicago Microlending Institute for the lending program.  To date, the city reports having helped some 110 small businesses in Chicago with over $900,000.

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Small Business

Small Business Confidence Drops As Own Sales Outlook Brightens

Small business lacks confidence in the overall economy, but maintains a favorable outlook on their own sales/profits.  In the recently released NFIB Index of Small Business Indicators, which was conducted before the government shutdown, the index on confidence dropped 0.2 points from the prior month of August to 93.9.  Despite the lack of confidence overall,…

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Photo by Gary Haber

Baltimore Pushes Small Business Loans

Franchisees in Baltimore may want to check BaltimoreMICRO, a small business lending program being pushed by Baltimore Mayor Stephanie Rawlings-Blake.  The program is being touted by municipal officials as a great option for small business owners to avail themselves of loans from $5,000 to $30,000.  The program, open to businesses with less than $1 Million…

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