US Small Business News Round-up – 01/12/2008

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:

  • Peerless Technologies looks to grow with designation: Defense contractor Peerless Technologies Corp. has become a certified small business, which will allow it to bid on contracts set aside for small companies.
  • WinWeb’s OnlineOffice is Entrepreneurs Online Support Service: The Belfast Telegraph writes about entrepreneurs and small business owners needing services and support at an affordable cost. Small business is most venerable during times of recession and credit crunch, receiving affordable support is essential if these small businesses are to survive in this harsh economic environment.
  • Feds hope to unfreeze SBA, consumer lending: The Federal Reserve Board announced plans Tuesday to create a $200 billion lending facility aimed at unfreezing secondary markets for Small Business Administration loans and consumer loans.
  • The Tax Club Teams Up With My Essential Plans to Help Small Business Owners Solve the Credit Crisis:In a turbulent economy that is placing a squeeze on the pocketbooks of small business owners, The Tax Club is providing a way out through innovative funding solutions.
  • Government has no coherent economic plan:The Irish Small & Medium Enterprises Association (ISME) has today criticised the Government in the face of increasing negative economic sentiment.
  • Chains aim to bully small shops off Web: Everyone is talking about the tough times that have hit our economy. For small business owners, tough times have been here for awhile. The credit crunch is just the latest assault on the mom-and-pop shops that make up the backbone of our economy.
  • Credit card companies quick to raise rates, fees: Greg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April.
  • New tax rules add to anxiety for small businesses: Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head.
  • Small Business Profile: Fear can be helpful adviser, motivator: Anyone who has contemplated forsaking the perceived, if not real, security of employment to start a business has come face-to-face with the real possibility, as well as the dangers, of failure. Indeed, countless prospective owners discontinue their entrepreneurial pursuits for fear of losing too much, the risk being just too great.
  • Credit crunch hits small firms: Ann St. Peter, who owns Pinwheel Bakery in Ferndale, always figured that people would cut out the $100 dinners at fancy restaurants in trying economic times.

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

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