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Savannah Morning News - Small businesses need to look for ways to succeed

Posted: March 1, 2010 - 12:16am

By Lynn Vos

Many business owners both large and small are redefining what their new "normal" is.

So many things have changed in some markets that companies are looking to see what their customers need now, how much they need and how much they can afford to buy.

Now is the time to look at your business and look for simple things you can do to improve your performance. Just look around and start asking simple questions and take small positive actions to improve specific areas of your business.

SBA-Backed Loans Are Bright Spot in Gloomy Climate

By EMILY MALTBY
Bank lending to small businesses remains hampered as banks buckle under intense scrutiny from regulators to reduce risk on their balance sheets, meaning only businesses with high credit ratings and robust track records have a chance of getting a loan.

STARTING A NEW BUSINESS – THE USATODAY CHALLENGE

USA TODAY asked people who wanted to start a small business to be part of the USA TODAY Small Business Challenge, a six-month series that would follow their progress from having an idea to making the first buck. Nearly 1,800 people applied; they came from every state — and a few from abroad.

Significant Increases in Georgia SBA Loan Volume. —small business loans are up 83 per cent from last year—

ATLANTA—U.S. Small Business Administration (SBA) guaranteed lending in Georgia increased significantly in the first quarter of fiscal year 2010, ending December 31, 2009, compared to the same quarter in FY 2009. The total number of SBA loans increased 83 percent from 224 to 410 while dollar volume of lending jumped by 139 percent, from $91.6 million to $218.7 million in first quarter 2010.

Significant Increases in Georgia SBA Loan Volume

ATLANTA—U.S. Small Business Administration (SBA) guaranteed lending in Georgia increased significantly in the first quarter of fiscal year 2010, ending December 31, 2009, compared to the same quarter in FY 2009. The total number of SBA loans increased 83 percent from 224 to 410 while dollar volume of lending jumped by 139 percent, from $91.6 million to $218.7 million in first quarter 2010.

Score Featured in Brunswick Paper

Click the image below to view our latest write-up in the Brunswick newspaper.

SBA 504 Monthly Rate -5.794% 20 Year Debenture Rate for January, 2010

The purpose of the SBAC's SBA 504 Loan Program is to provide long term, below market rate financing to businesses that will retain jobs and create new employment opportunities in the State of Georgia, and Beaufort, Hampton and Jasper Counties in South Carolina.

SBA 504 Benefits

Lender
How will a SBA 504 Loan benefit a Lender?

Business Owner
How will a SBA 504 Loan benefit the Borrower/Business Owner?

Wendy Jeffers
Sr. Lending Officer: SBA Programs

Mobile: 912.398.3090
Office: 912.232.4700
Email: wjeffers@sbacsav.com

January, 2010 FRANCHISE SEMINARS-Owning your own business

5 of 6 American Millionaires Acquired
Their Wealth through Business Ownership
~Thomas Stanley, The Millionaire Next Door

Franchise Spotlight: Fitness and Weight Management Retail Consultancy
Date: Thursday, January 7th – Webinar Time: 8:00 pm – 9:00 pm

Sign up for this webinar to learn about this one-of-a-kind company with a nineteen year track record in every-day fitness, nutrition and weight management consulting.

Small Business Strategies.

WASHINGTON – Highlighting the experiences of successful entrepreneurs, the U.S. Small Business Administration and Dell today launched an online video series offering tools and strategies to help small business owners rebound from the economic recession and put themselves in a position to expand and create jobs.

Award winners help small businesses

Jane Blunn presents the 2009 Michael Bunn Sr. Memorial Rising Star Award, named in her husband's honor, to Claude Galipeault, center, and Christopher Marsden, owners of Digitus Biometrics at the Small Business Assistance Corporation Annual Meeting and Awards Luncheon. (Steve Bisson/Savannah Morning News)

Tony O'Reilly, left, president of the Small Business Assistance Corporation, presents the 2009 Small Business Advocate Award to SCORE, represented by Douglas Fuss. (Steve Bisson/Savannah Morning News)

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By Arlinda Smith Broady