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.
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.
Here's your chance to view some of the presentations that were made during the 2014 PTAC Symposium last month. The Governor's Office of Economic Development has gathered those resources and made them available to you.
We're closing out our monthly meeting schedule in 2014 with a big hit! Northrup Grumman in Clearfield is hosting our November meeting and is looking for specific small businesses who have experience in the aerospace industry.
Utah County companies who are looking to expand their sales market need look no further than Stephen (Steve) Lyon for help. As of October 21, Lyon joins Utah’s Procurement Technical Assistant Centers (PTAC) team as a regional manager to assist Central Utah clients in obtaining federal, state and local government contracts. Lyon works from the PTAC office at Utah Valley University Business Resource Center located at 815 West 1250 South in Orem.
"Once you replace negative thoughts with positive ones, you'll start having positive results," says Willie Nelson. Do you find yourself thinking more negative thoughts than positive ones? If so, you need to check our October newsletter...
October promises to be a busy month for small businesses. We have just added two new events: The SCORE 50th Anniversary Expo and Luncheon and the 3rd Annual Utah Small Business Expo.
Due to the overwhelming response for our September meeting, we have had to close registration. Sorry if you didn't get a chance to register for the event.
We are now full and cannot accept any further registrations.