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.
Small businesses in Wyoming are showing strong signs of small business formation and growth.
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.
Many entrepreneurs are exploiting a tax law loophole by rolling over their 401(k) retirement accounts to help finance their new small business.
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.
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.
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.
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.