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Browns Honor Cleveland MBDA Business Center Luis Cartagena with NFL Hispanic Heritage Leadership Awards

Blogged By: 
MBDA
Created on October 3, 2014
 

NFL Hispanic Heritage Leadership Award to Luis CartagenaThe Cleveland Browns presented the NFL Hispanic Heritage Leadership Award to Luis Cartagena, a business development specialist with the Cleveland MBDA Business Center on Sept. 21.

Exciting Opportunities to Expand Your Business

Blogged By: 
MBDA
Created on October 3, 2014
 

Trade MissionThe Department of Commerce’s trade missions help U.S. firms explore and pursue exporting by meeting directly with potential clients in their markets. Each year the department organizes trade missions that target specific countries or groups of countries with promising export opportunities.

Below is a list of upcoming trade missions:

Executive-Led Ports and Marine Technology Mission to India

February 2-6, 2015
Application deadline is October 20, 2014.

Affordable Care Act 101 Webinars for Employers

Blogged By: 
MBDA
Created on October 1, 2014
 

Health Care WebinarEmployers can learn the basics of the Affordable Care Act and what it means for their organization and employees at free weekly webinar.

Topics covered include cost containment, the Small Business Health Care Tax Credit, the new Health Insurance Marketplace, and Employer Shared Responsibility.

Webinar content will generally be the same each week. Below are the registration links for upcoming webinars in English.

SBA to Extend no Upfront-fee Loans Offer to Borrowers Seeking $150K or Less

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SBA News
Created on October 1, 2014
 

Business Loan Application Form

Veterans Advantage program also extended, expanded to loans up to $5 million

Good news for entrepreneurs seeking SBA financing to purchase or grow a small business. The SBA will continue its provision to eliminate the upfront fee paid by all borrowers for the guaranteed portion of 7(a) loans of $150,000 or less, and will expand the no upfront-fee program for veteran-owned small businesses, through Sept. 30, 2015. 

Before this change, borrowers using the SBA guarantee through participating lenders would pay up to two percent of the guaranteed portion on these loans, which would cost a small business owner up to $2,700 in fees.

However, if two or more SBA guaranteed loans are approved within 90 days of each other, the guaranty fee is determined based on the aggregate amount of the loans. Thus, if the total amount of multiple loans approved within 90 days is greater than $150,000, the normal fees will apply. Lenders are not permitted to split loans for the purpose of avoiding fees for their small business borrowers.

Participating lenders also will continue to see a break; the SBA will eliminate the servicing fee paid by them each month on loans $150,000 or less. The servicing fee paid by lenders each month on 7(a) loans greater than $150,000 will drop to 0.519 percent on the guaranteed portion of the outstanding balance beginning Oct. 1, 2014.

Supporting Manufacturers on Manufacturing Day and Every Day

Blogged By: 
MBDA
Created on September 30, 2014
 

Greg Sizemore is the Director of the International Trade Administration’s U.S. Commercial Service team in North Carolina.

This post originally appeared on the Tradeology, the ITA Blog

 

Robots In a Car FactoryManufacturing is more than just a cornerstone of the U.S. economy; it’s a cornerstone of modern life.

The screen you’re reading this on is a manufactured commodity. The radio you’re listening to, the car you drove to work, the smartphone your kids keep staring at – your refrigerator, your TV, your medicine – all manufactured goods.

Many headlines about U.S. manufacturing are negative, focusing on increased global competition in the sector, but the fact is that the U.S. manufacturing industry is growing, it’s supporting jobs, and it is supporting higher quality of life here in the U.S. and around the world.

Manufacturing is also a major source of U.S. exports, and the International Trade Administration estimates that one in four U.S. manufacturing jobs is supported by exports. That’s huge for our economy and I’m glad that we’ll celebrate the industry on Manufacturing Day on October 3.

Here in North Carolina, our manufacturers are creating and exporting billions of dollars’ worth of transportation equipment, chemicals, electronics products plastics, and more. I’m glad that my office in Charlotte and our other Export Assistance Centers in the state get to work with local manufacturers to find opportunities to sell their quality products in foreign markets.

Did you know...

Number of jobs created as a result of services provided by MBDA business centers during the last 5 fiscal years.
Graph for New Jobs Created

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