Illinois Fair Tax vs. Flat Tax: The Decreasing Moral Value of Money
The debate over the Illinois Fair Tax is a religious, spiritual and moral one, as much as it is a debate over state finances and political worldviews. Biblical, theological and ethical considerations have led most of the world to opt for a graduated tax over a flat tax system, which experts now consider unethical and prejudiced. Illinois is finally about to catch up with the modern world.
Payment Processing Companies Are Now Lending Money to Customers, Too
For entrepreneurs who are short on both cash and the time it takes to apply for a loan, these financial services companies are offering alternative financing solutions that streamline with their retail products to qualify new lending opportunities.
As Small Business Lending Hits a Low Point, Entrepreneurs Get Creative
Interest rates, the dollar, and even the weather seem to be ganging up on small businesses. But in the face of a stingier lending climate, some cash-strapped entrepreneurs are getting a helping hand from lenders who want a stake in their future success.
Tax Credit Brokers Accelerate Economic Activity Across the Nation
Businesses are happy to receive tax credits, but many would rather receive good old-fashioned cash. Fortunately, a brokerage industry is there to fill the gap, and it's a winning proposition for the brokers, the companies and the states.
House Approves 20% Tax Cut for Small Businesses
Citing numerous flaws in the bill -- most notably that it further cuts taxes for the wealthy and that its $46 billion, one-year price tag exacerbates the nation's budget deficit problem -- President Obama promised to veto the bill in the unlikely event that it gains Senate approval.
Wis. Credit Union League president calls for change to SMB credit lending regulations
Restrictions on lending caps and credit can prohibit many small businesses from receiving enough capital to spur growth. As a result, companies are offering small businesses special rewards to help bolster SMB success.
Maine receives $13 million for SMB loans
Hurt by the current economic climate, SMBs in Maine will have access to more small business loans through federal funding. Through the Small Business Jobs Act, state and local agencies are given federal funding to distribute among community banks for small business lending. The initiative hopes to spur the economy and job creation.
Small business bankruptcies drop
Results from a new survey by Equifax carries mixed news about bankruptcy filings among small businesses. While the number of filings in the first quarter of 2011 was 15.2 percent lower than in the first quarter of 2010, the total bankruptcies in the beginning of 2011 was much higher than before the recession began.
New FDIC hotline will allow small businesses to file complaints or concerns regarding lending practices
In an effort to build on optimism about commercial lending, the FDIC is creating a hotline that allows borrowers to report complaints about lenders that unnecessarily restrict the availability of credit.
Report: Global economy sets stage for increased small business productivity
Entrepreneurs are going global, according to a new research report. International trade has become an important source of businesses for many small businesses, and businesses that do not engage in global trade may be missing out on a great source of revenues and profits.
Huntington bank announces $360 million small business lending plan
During the economic downturn, getting a small business loan has been like trying to find a needle in a haystack. Some banks, however, are proactively taking steps to give small business owners more access to capital for growth and expansion.
Kauffman Foundation awards 2010's promising young entrepreneurial scholars
This week, the Kauffman Foundation announced 2010's recipients of the Kauffman Emerging Scholars Program fellowships. The program recognizes the achievements of students who are making significant contributions to research in entrepreneurship - and whose studies could offer useful news to small business owners.