US Small Business News Round-up – 09/06/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the United States:

  • Small Businesses Hit By Credit Environment: The Small Business Administration’s most popular small-business loan is down 19 percent nationally in volume from the same time a year ago, based on agency data. According to the St. Louis Post-Dispatch “The reason for the dip is twofold: Some banks are making fewer loans, and fewer entrepreneurs are seeking them.” Often, small business owners will use their homes as collateral for borrowing money for their operations. With many homes worth less than their mortgages, the practice is disappearing. The news points to another set of circumstances undermining the growth of smaller companies, which employ a large part of the…
  • Treasury wants EIB to take on more risk: LONDON: The government on Tuesday will call on the European Investment bank to shoulder more of its partner commercial banks’ risks for lending to small businesses in order to help them bear the brunt
  • Cigna HealthCare of Arizona launches more small-business insurance options: Cigna HealthCare of Arizona announced Tuesday it is adding more health plans targeting small businesses.
  • Once home-based business returning to nest: When a small business graduates from being home-based to having premises of its own, it’s quite an accomplishment. But in this economy, some small company owners are deciding it makes more sense to move back home again.
  • Small business sentiment still shaky: The majority of small business owners think the U.S. economy is getting worse, though sentiment showed some improvement in May from its recent lows, according to a survey released on Tuesday.
  • FAU cuts funding for small-business center: For 30 years the Small Business Development Center at Florida Atlantic University has been helping entrepreneurs launch and grow businesses. Now the institution — which provides free counseling and training — is fighting to keep its own doors open.
  • Small Businesses Take Advantage of Valuable Resources: One culprit in untapped small-business funding is lack of awareness. “A lot of people, both men and women, are probably unaware that money is available, and based on the small sum of women who applied for funding last year, I would assume many didn’t know about these types of programs and organizations,” said Andrea Korogi.
  • Speakeasy Unveils Ethernet Offer for Small Business: Seattle-based Speakeasy (News – Alert) today announced a new data service called Business Ethernet, which will offer small businesses 10 Mbps by 10 Mbps symmetrical bandwidth. Unlike most cable andDSL offerings, which provide high download speeds but slower upstream connections, this new service offers 10 Mbps in both directions, up and down, which is of critical
  • VEDA to release low-interest small business loans: MONTPELIER – The Vermont Economic Development Authority announced Monday that starting next month it would begin releasing low-interest capital loans aimed at small businesses in the state looking to expand during shaky economic times.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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