As the economy begins to pick up, more banks are once again using the U.S. Small Business Administration to help give loans to small business owners looking to create a corporation.
More banks rejoining SBA lending program
Wyoming seeing a major boom in small business loans
Small businesses in Wyoming are showing strong signs of small business formation and growth.
Small businesses take teens’ summer jobs to the next level
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.
Growing number of entrepreneurs using retirement savings to finance a small business
Many entrepreneurs are exploiting a tax law loophole by rolling over their 401(k) retirement accounts to help finance their new small business.
New Jersey community bank will now support SBA lending
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.
Proposed House bill would spur small business formation
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.
New Jersey entrepreneurs see signs of recovery
Officials in New Jersey are seeing signs of the economic recovery through an increase in business incorporations and small business loans over the past year, according to the New Jersey Times.
Economists push for more federal aid for small businesses
Recently, the Obama administration supported legislation that would bring nearly $30 billion worth of funds to community banks to increase small business lending, but some officials believe more needs to be done to boost small business formation and – hopefully – hiring rates.