When an entrepreneur comes up with an idea for a new company, the next step in business formation is coming up with a name for it. But Entrepreneur magazine reports that coming up with a solid name can be a complicated process.
The U.S. Small Business Administration says it will be making more than $7 million available to regional development clusters to help create job growth and new small business formation.
The interest rate on loans made through the U.S. Small Business Administration’s 504 loan program have now reached their lowest point of the year, which should spur business formation and expansion.
While teens have often made up a significant portion of summer workers as they take a break from school, some students are rejecting traditional summer jobs and starting their own businesses, according to the Indianapolis Star.
Entrepreneurs looking to create a corporation in Massachusetts are now seeing some encouraging signs. Small business lending and new business formation is on the rise in the state, according to the Boston Globe.
Two River Community Bank in Middletown, New Jersey, says it has formed an SBA lending division to help support new small business formation and job growth.
Credit union activists are trying to encourage lawmakers raise the credit union lending cap – a move that could allow credit unions to give out $10 billion in additional loans for business formation and other uses.
House lawmakers could begin debate as early as Thursday on a bill that would eliminate capital-gains taxes on many small business investments and create a $30-billion small business loan fund.