A business starts with an idea. The idea concerns a product or service that can be sold to a consumer. The good ideas make the life of the customer easier, better or allow him/her to do new things. The Small Business Administration defines a small business as an enterprise having fewer than 500 employees. There […]
As of this writing, it looks like the Federal government will be closing due to the budget impasse. In our world, that means the Small Business Administration offices will be closed and therefore most small business loans will not be going forward as there will be nobody there to process them. Here is the SBA’s […]
At the SBDC, we frequently find that partners run into disagreements with each other at one time or another. We strongly recommend a partnership agreement early in the relationship that spells everything out. A good partnership clearly states ownership percentages, how salaries and withdrawals will be handled, what happens when one partner wants out, an […]
We at the Small Business Development Center at the University of North Florida look forward to some convenient and helpful video content as announced by the U.S. Small Business Administration. Keep in mind that this series is not intended to replace live workshops and we continue to encourage clients to attend classes like the ones […]
“The SBDC at UNF is the first place I turned when I started my business, where I looked when my business needed to be evaluated for growth potential, and now that my business is going into a new stage of growth… I look forward to utilizing the SBDC now more than ever to help me […]
Rachel Witkowski writes in the Jacksonville Business Journal this week that not all banks are jumping on the ARC loan bandwagon. We are seeing a lot of activity and have been providing technical asssistance to applicants daily. Check the UNF Small Business Blog often for program updates. Most bankers have either turned down or tiptoed […]
Doug Page, writing for the Dayton Daily News discusses the real secret to a cities economic development success, small businesses. Far too often community leaders go for the big headline in providing incentives and support for big box companies and forget about the little guy who is still there as big firms come and go. […]
Jeff Ostrowski , a writer for the Palm Beach Post has some new information on possible bank participation in the SBA ARC Loan program. Bailout plan offers small businesses up to $35,000 After spending billions to bail out banks, taxpayers are poised to offer a much smaller amount for loans to struggling small businesses. Starting […]
On June 8, the SBA will publish regulations for its new ARC loan program. On June 15, 2009, SBA will formally open the new temporary loan program. ARC loans of up to $35,000 can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small […]
Tucker Echols Staff Reporter Small Business Administration Administrator Karen Mills is filling out her management team. Mills, who was confirmed by the Senate on April 3, has named a baker’s dozen of executives to help run the agency. Heading Mills’ executive team will be Ana Ma as chief of staff. Ma has served as chief […]
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