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USTDA to Highlight Trade & Development Opportunities in Sub-Saharan Africa In June

Blogged By: 
U.S. Trade and Development Agency News
Created on June 4, 2015
 

Afrca OpportunitySub-Saharan Africa is one of the fastest developing regions in the world with an average GDP growth of 5.2 percent.  According to data from the U.S. Census Bureau, almost 31,000 U.S. businesses exported to the African continent in 2013, of which approximately 92 percent were small- and medium-sized businesses (SMEs).

Based on growth trends and a history of successful partnerships across the continent, the Sub-Saharan Africa region remains a priority for USTDA and will be highlighted during the month of June on Facebook and Twitter. USTDA will utilize social media to promote its programs, activities and potential U.S. export opportunities across the region.

Trade Winds – Africa Offers Opportunities, Tips, and Intel to U.S. Firms

Blogged By: 
Chris Higginbotham, U.S. Export Assistance Center
Created on June 4, 2015
 

This post originally appeared on the Tradeology, the ITA Blog

U.S. Commercial Service Trade Winds - Africa

Africa is a huge potential market for almost any U.S. exporter, but there are several factors for any business to consider before exporting to the continent:

BEA’s New Data Tool Provides Fast Access to Trade and Investment Stats for Countries

Blogged By: 
MBDA
Created on June 2, 2015
 

BEA New Data ToolA new data tool--International Trade and Investment Country Facts Application--on the Bureau of Economic Analysis website gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.

These fast facts at your fingertips can include:

  • Total exports, imports and trade balance between the United States and the country you select.
  • The top five categories of goods and services the United States buys from and sells to that country.
  • Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.

MBDA Partners with NerdWallet to Help Businesses Compare their Financing Options

Blogged By: 
Hanah Cho is a staff writer covering small business for NerdWallet
Created on June 1, 2015
 

On May 6th, NerdWallet hosted a Google Hangout with U.S. Department of Commerce representatives from the Minority Business Development Agency (MBDA).  On behalf of the agency, Carmen West and Nick Perkins, of MBDA’s Access to Capital team, spoke with Cindy Yang, a small business expert at NerdWallet about how MBDA helps minority-owned businesses to grow in size and capacity.

San Francisco-based NerdWallet hosted the conversation as part of a mission to provide clarity on all of life’s financial decisions. To that end, NerdWallet provides various educational materials and tools for small businesses to use when tackling financial, legal and tax challenges.

SBA Rolls out its National Online Loan Application Process

Blogged By: 
Stanley Nakano, SBA Acting Regional Administrator
Created on May 28, 2015
 

Online MatchmakingCash flow is the lifeblood of all small businesses. Across the nation, thousands of small firms are searching for term loans, equipment financing, lines of credit, invoice financing, and real estate loans to help them build their business and create new jobs. Finding a business loan can be time consuming, and often times frustrating and disappointing.

Changes in technology have made the process of finding and securing a small business loan less tedious and time consuming. Online matchmaking services, pairing lenders with prospective borrowers, comprise a multibillion dollar industry. Examples include the TV commercial in which a creditworthy home buyer goes online and is delighted to find banks competing to finance her home. Small business lending is the next frontier for these online “matchmaking” services. Using the power of the Internet, commercial lenders are finding creditworthy business borrowers, while entrepreneurs are finding loan officers who are ready to sit down and talk specifics.

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