'Biz Corner' NBA's Electronic Newsletter - July 15, 2013

In Partnership with the Self-Employed and Small Business Community...

Collateral for an SBA Guaranteed.
Having exhausted your  funding options, you decide it is time you sought help from the US Small Business Administration (SBA).  Are you wondering how they use what you have as collateral for an SBA Guaranteed Loan as opposed to a traditional banker or financial institution?

Well, they are about the same with a few exceptions-SBA is a bit more conservative.  If you did not know, the SBA was setup by Congress to help create jobs and help small businesses succeed by offering various programs such as SBA Guaranteed loan programs.

 

You can find more about SBA guaranteed loan programs on the its website.  In the private sector, you can find several software programs that help you evaluate your success for an SBA Guaranteed loan at no cost to you.  One such program is the National Business Association's First Step Review...

 

  
Want to know how to find great deals on accommodations and travel by air, boat, car, etc.? Want tips for living large on a small budget? Want the secrets to staying a step ahead of the tourist hordes and to avoiding paying tourist prices? Ready to make your next trip not just truly memorable, but truly money-saving? Here, just in time for the summer travel season, are some tips from Marta Shen, CFP�.
  
BEFORE YOU GO:
  
* Research and plan well in advance. Plan trips at least several months in advance to allow plenty of time for research. This helps if you are going to use [frequent flyer] miles or [credit card] points for the trip. For ideas and guidance read travel books extensively (like Frommer's, Rick Steves' and DK Eyewitness Travel guides) as well as online reviews on websites...> Read More 

 

Member Spotlight - Please join us in welcoming our Featured Member: True West

 

 Our western ranch style Rodeo Cowboy china dinnerware, designed and illustrated by cowboy artist Till Goodan, was originally made by the Wallace China Company in Los Angeles, between 1943 and 1964.

 

Wallace China Co. also made other western patterns: Boots & Saddle, Chuckwagon, Longhorn, and others. The Rodeo / Westward Ho pattern was the most popular, and over the years the price of the old "Rodeo" pattern has risen steadily to achieve collectible status. In 1990, True West began reproducing authentic Westward Ho Rodeo Pattern China, and in 2004, we added the Boots and Saddle China pattern, Longhorn pattern and Christmas Cowboy pattern....

Your Featured Member Benefit - Travel Deals for Members - Hotel Discount Offer
  

 As a member of the National Business Association you will receive up to 15% off the "Best Available Rate" at participating locations when you travel.  Book online or call and give the agent your special discount ID number 8000002700 at time of booking to receive discount.

 

Whether you are looking for an upscale hotel, an all-inclusive resort or something more cost-effective, we have the right hotel for you... and at the right price. So start saving now.  Call our special member benefits hotline 877-670-7088 and reserve your room today at one of these fine hotels:Wyndham Hotels  and Resorts 

 

National Business Association
In This Issue
Collateral for an SBA Guaranteed Loan
Money-Saving Tips That Work Wherever You're Traveling

 

Advocacy Study Shows Women and Minority-owned Businesses Operate on Less Financing

 

 

WASHINGTON -In the current financial climate, new high-tech businesses rely more than other firms on outside loans and investments, while non-technology businesses owned by African Americans, Latinos, and women simply operate on less capital, says a report issued today by the U.S. Small Business Administration (SBA) Office of Advocacy.

 

The report, called Access to Capital among Young Firms, Minority-owned Firms, Women-owned Firms, and High-tech Firms looks at how the changing financial environment affects new firms.

 

"We know that startup businesses with access to financing drive innovation, job creation, and economic growth," said Dr. Winslow Sargeant, Chief Counsel for Advocacy. "Policies that help close the financing gaps for minorities and women and for high-tech startups will benefit the whole economy." 

 

The author, Alicia Robb, finds that minority firms in particular rely more on their own funds-and have less capital to start up and grow. High-tech businesses that rely on patents, copyrights, and trademarks also faced bank financing hurdles, possibly because their products rely on knowledge, which is harder for banks to assess than physical assets....read more


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