Can you believe that 2014 is almost in the record books? At USDC, we have had a wonderful year, filled with great meetings and wonderful opportunities for you to meet with some of the larger government contractors. We ended our year at Northrup Grumman, but had successful meetings at other companies such as ATK, IHC, Excelcius, and Triumph Gear Systems.
SBA, the Department of Health Human and Services, and Small Business Majority have teamed up for a free weekly webinar series where small employers can learn the basics of the Affordable Care Act and what it means for their organization and employees. Topics covered include cost containment, the Small Business Health Care Tax Credit, the new Health Insurance Marketplace, and Employer Shared Responsibility.
Small business lending activity under the U.S. Small Business Administration’s (SBA) 7(a) Loan Guaranty Program reached another nationwide record in Fiscal Year 2014 – the period Oct. 1, 2013 - Sept. 30, 2014. SBA Administrator Maria Contreras-Sweet announced that the agency approved 52,044 7(a) loans for $19.19 billion, an increase of 12 percent in number of loans and a 7.4 percent in dollar amount over Fiscal Year 2013. In Utah, SBA District Director Stan Nakano reported a Fiscal Year 2014 total of 1,252 7(a) and 504 loans, worth $480 million, surpassing the previous year’s record level by approximately $72 million.
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