SMALL BUSINESS NEWS

Businesses Who Take ARRA’s Energy-Saving Steps This Year May Get Bigger Tax Savings Next Year
The recently enacted American Recovery and Reinvestment Act (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or create new energy sources.

SBA Honors National Small Business Champions
WASHINGTON, D.C. – Fifteen small business owners and leaders of small business support organizations were hailed today by the U.S. Small Business Administration for their outstanding support of entrepreneurs. The 15 Champion Awards were presented today in Washington, D.C., as part of the annual observance of National Small Business Week.

SBA Launches New 100-Percent Guarantee ARC Loan Program Help Struggling Businesses
WASHINGTON – Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced today by SBA Administrator Karen G. Mills.

SBA Honors Entrepreneurial Development Award Winners at National Small Business Week
WASHINGTON – The U.S. Small Business Administration today honored its resource partners for their achievements in advancing small business growth and development. A California SCORE Chapter, a New Jersey Women’s Business Center, and a Small Business Development Center in Oklahoma were recognized for their exceptional service and support of their regional small business communities.

Top SBA Financial Services Institutions Honored at National Small Business Week Credit Union and Co
WASHINGTON – Ten financial services institutions that focus on assisting small businesses were hailed as important resources for the nation’s economic recovery today at the annual National Small Business Week sponsored by the U.S. Small Business Administration in Washington, D.C.

SBA Expands Eligibility for 7(a) Loans To Spur Recovery Opportunities for Small Businesses
WASHINGTON – More small businesses will be eligible for U.S. Small Business Administration-backed loans, meaning greater access to much-needed capital in this tough economy, as a result of a temporary alternate size standard for the agency's largest lending program.

Recovery Act More Than Doubles Surety Bond Guarantee Ceiling for Small Businesses Move Could Help...
Recovery Act More Than Doubles Surety Bond Guarantee Ceiling for Small Businesses Move Could Help Spur Much Needed Construction Growth WASHINGTON – Effective today, small businesses that need surety bonds to compete for construction and service contracts can qualify for U.S. Small Business Administration-backed surety bonds of up to $5 million. The higher amount, a result of the Recovery Act, is more than double the previous $2 million maximum surety bond guaranteed by SBA.

Business.gov Launches First Government-Sponsored Online Community for Small Businesses
WASHINGTON – SBA’s Business Gateway Program announced today the launch of a new Web initiative – http://Community.Business.gov – the first government-sponsored online community built specifically for small businesses.

SBA Revises Standard Operating Procedure; Makes it Easier for Lenders to Refinance Existing Lines of

WIPP To Release Inaugural Edition of WBOs' Economic Blueprint

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