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Created on February 28, 2013
Borrowers and lenders of loans backed by the U.S. Small Business Administration will have greater access to capital and less paperwork as a result of a proposed regulation aimed at streamlining the SBA application process, while also strengthening oversight and the integrity of the agency’s loan programs.
“Streamlining and simplifying has been a key focus of our agency over the last few years. The changes are the latest steps to reduce paperwork burden, with our eye on the larger goal of expanding access to capital and giving entrepreneurs and small business owners the financial resources to grow and create jobs,” said SBA Administrator Karen Mills. “Specifically, these proposed regulations will provide greater access to capital through our two largest loan programs, while also reducing risk to taxpayer dollars.”
The SBA proposes the new measures after extensive consultations with lenders and borrowers to identify the greatest challenges they face and find ways to reduce barriers to making and accessing loans, while still maintaining strict oversight.
Created on February 27, 2013
Do you sell bowling balls to Bangladesh? Or dish towels to Delhi? Maybe you send laser technology to Lisbon? If you export your goods or services around the world and have used a federal government program or assistance to get there, the U.S. Small Business Administration and Visa Inc. (NYSE: V) want to see your story. Enter the “2013 SBA-Visa Export Video Contest”, where participants will have a chance to win up to $10,000 in prize money. Eligible small business exporters are encouraged to submit a video that will highlight how the small business became a successful exporter, the benefits of exporting and government programs available to help them export.
Created on February 26, 2013
Earlier this week, we attended the Doing Business in Africa Forum at the White House. This was the first forum of the Doing Business in Africa campaign that the Commerce Department launched three months ago in Johannesburg, South Africa. Deputy Secretary of Commerce Rebecca Blank gave the opening remarks and focused on strengthening commercial ties between the United States and Sub-Saharan Africa. She emphasized that as the continent’s wealth increases, so does the demand for improved infrastructure, energy services, and high-quality consumer and agricultural products – all of which American companies are well positioned to provide.
Created on February 25, 2013
The name “Tennessee” originated from an old Yuchi Indian term "Tana-see" meaning "The Meeting Place". With the state’s long history of entrepreneurship and innovation, it’s no coincidence that an MBDA Business Center has made its home in Memphis.
|Created on February 25, 2013|
On February 12, President Obama delivered his annual State of the Union Address to a joint session of Congress. Last year when addressing the same body, the President laid out a blueprint of an economy built to last. One built on the idea that if we all play by the same rules and everyone is given a fair chance, America can succeed.
In the year since that speech, the United States has seen tremendous growth. The economy added 1.8 million new jobs. Exports reached record levels in 2012 of $2.2 trillion and the deficit shrank by $200 billion.
This year, the President outlined a path forward, continuing the progress made in 2012. He proposed fair and sensible tax reform that benefits small businesses and investments in manufacturing hubs across the country to foster continued growth in that sector. As he noted, the manufacturing sector has added about 500,000 new jobs during the past three years. Reinforcing the idea that "Made in America" is still the best brand around the world, companies like Caterpillar and Apple are bringing jobs back to America.