Watch Johnny Jordan teach the sharks: http://omeleto.com/206317
Watch Johnny Jordan teach the sharks: http://omeleto.com/206317
Many would answer that small businesses are anchors of a community, creating jobs and opportunity in cities and towns across America.
According to the SBA, “The two most widely used standards to qualify a business as small are 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many non-manufacturing industries.”
And to the second question, only a qualifying small business is able to provide certain services to the SBA, and qualifies for certain financing programs from the SBA. These include SBA 7(a) loans, the most common and popular small business loans which are provided by traditional bank, community bank and non-bank lenders, and up to 85% of which are guaranteed by the SBA.
Learn more about SBA loan programs here.
The 2014 Spirit of Small Business Award winners for the Los Angeles District Office were announced today. The event is co-sponsored by the SBA.
Along with the team at BusinessUS, I would like to congratulate the winners for their success and their positive impacts on their communities. This year’s winners are:
East Ventura County – Agnew Multilingual
West Ventura County – Staples Construction Co.
South Santa Barbara County – The French Press
North Santa Barbara County – Old Town Market
San Luis Obispo County – The Wallace Group
Minority-Owned Business – Alliance Wealth Strategies
Women-Owned Business – Ohana Pet Hospital
Exporter of the Year – Zesto Audio
Green Business – AB Design Studio
Al Gore is back with an even stronger message on climate change and a low-carbon economy necessity. His article in Rolling Stone is detailed, stark, and ultimatelty, optimistic:
“Is there enough time? Yes. Damage has been done, and the period of consequences will continue for some time to come, but there is still time to avoid the catastrophes that most threaten our future. Each of the trends described above – in technology, business, economics and politics – represents a break from the past. Taken together, they add up to genuine and realistic hope that we are finally putting ourselves on a path to solve the climate crisis.”
~ Norris Lozano, CEO of BusinessUS
After 6 long years (or 7, depending on when you place the start-date of the Recession), the US economy has finally “the United States has finally recovered all the jobs lost during the Great Recession”
Here’s the painful graph, and a description
BusinessUS congratulates Ricardo Robles, Jacqueline Robles, and Pablo “Rene” Robles of Anita’s Mexican Food on being selected by SBA as 2014 California Small Business People of the Year!
Mauro Robles emigrated from Mexico, acquired U.S. citizenship, and created La Reina, a company that makes tortillas, in 1958. Today, all five of his children own it and its subsidiary, Anita’s Mexican Food, with Ricardo as president, Jacqueline as secretary and GM, and Pablo as the vice president of operations running the company day to day.
The company now ships a wide variety of products to customers around the world, and its East Los Angeles factory produces at least 1.5 million tortillas each day. In 2012, Anita’s took an SBA loan to dramatically expand its operations and in the past three years has grown revenue by over 100% and grown to 359 employees.
Read about all 2014 Small Business People of the Year here.
~Norris Lozano, CEO of BusinessUS
She’s a superstar athlete, (note the skywalker on the left of this awesome Allen Szto photo – and she’s not even the hitter on her team!).
Whitney’s strength and hard work really inspire us.
She’s in China for the first tournaments of the 2014 FIVB season, and sporting some fine BusinessUS gear – – Bring back some hardware, Whitney!
“These seven innovators are having a major influence on technology, healthcare and the government. Their ideas are changing the ways we do business and are addressing broader issues of national security, gender bias, world poverty and the state of the startup community at large. We’ve got our eye on these powerful women. You should, too.”
Read the article here
~ Norris Lozano, BusinessUS
Maria Contreas-Sweet was sworn in as SBA Administrator on Monday. Here are some quotes from her acceptance speech (hat-tip to Bob Coleman):
Read more here:
This brief article reinforces several we’ve read recently about a stealth “target small business owner” – the Boomer Entrepreneur.
“A study by the Ewing Marion Kauffman Foundation reported that the highest rate of entrepreneurial activity over the last few years is not Gen-Y upstarts, but Baby Boomers in the 55-64 year age group.
Here’s a link to the study
Norris Lozano, CEO of BusinessUS, will be presenting “Delivering Capital to Underserved Communities” with Stephanie Bitters at the Lending Leadership Summit of the National Association of Government Guaranteed Lenders (NAGGL), February 20.
In speaking to the 80+ C-level executives invited to the NAGGL summit, Lozano will reach into a deep well of experience in serving underserved communities with loans and resources. He has been responsible for leading teams in delivering key financing to projects with total costs of over $1 Billion in the last decade.
For more information on Norris Lozano, please visit this link.
For the text of the press release on the NAGGL Lending Leadership Summit, please click here
REMINDER: Stephanie Bitters is presenting at the the Lending Leadership Summit of the National Association of Government Guaranteed Lenders (NAGGL), a national organization focused on loans guaranteed by government agencies. The presentation is titled “Delivering Capital to Underserved Communities”.
Ms. Bitters, Managing Director of SBA Lending and Chief Credit Officer of BusinessUS, will be presenting with CEO Norris Lozano during the morning session, February 20th.
Read the whole release here
Stephanie Bitters, Managing Director of SBA Lending and Chief Credit Officer of BusinessUS, is speaking on “Delivering Capital to Underserved Communities” at the Lending Leadership Summit of the National Association of Government Guaranteed Lenders in Atlanta, February 19-20.
Bitters will be presenting “Delivering Capital to Underserved Communities” with Norris Lozano, who is CEO of BusinessUS. She has 27 years lending experience and is a longtime member of NAGGL.
Read the full press release here
Norris Lozano (CEO of BusinessUS) is traveling to Atlanta February 19-20 to speak to the Lending Leadership Summit of the National Association of Government Guaranteed Lenders. NAGGL serves the needs and represents the interests of the small business lending community that utilizes SBA business loan programs.
Lozano will be presenting on “Delivering Capital to Underserved Communities” with Stephanie Bitters, Managing Director of SBA Lending & Chief Credit Officer of BusinessUS. Lozano brings over 15 years’ experience working directly with small businesses in underserved communities. He has led teams in financing projects in low-income community with a total cost of more than $1 Billion, including office, retail, manufacturing, schools, medical and arts facilities, creating thousands of FTE jobs, and generating millions in fiscal benefits to target areas.
See the full press release here
Forbes is reporting optimism for women entrepreneurs in 2014, citing data from “Growing Under the Radar: An Exploration of the Achievements of Million-Dollar Women-Owned Firms”, which was put out by American Express OPEN project.
Here are a few quick factoids from the study:
The full report is available here
~ Norris Lozano, CEO of BusinessUS, a California-based small business lender with women executives in several top leadership positions.