The Big Deal About Small Business, Part 1

New Yorker_Resurgence-of-Small-BusinessThink big? Think again…

A January 24, 2015 article in the New Yorker exposes the advantage that small businesses have over their larger rivals, namely “true differentiation”.

“Most profoundly, the trend creates an industrial upheaval important to the long-term strength of the economy. It suggests an economy that is alive and reinventing itself, that is mutating from within, that is engaged in the never-ending process of creative destruction.”

BusinessUS supports the growth of small businesses by providing timely and affordable small business loans. If your small business has a true differentiation it wants to promote, contact Norris Lozano for information about new capital to get it done.

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SBA says: Small Businesses Create 2 Million Jobs

urlFrom an early January post from SBA Administrator Maria Contreras-Sweet: “Last week’s jobs report offered more evidence that our economy is gathering a head of steam as we ring in the New Year. Last month, American businesses added back 252,000 jobs and our unemployment rate fell to its lowest level since June 2008. We’re in the midst of 58 month of consecutive job growth – the longest streak on record since the mid-1990s.

Read the article here.

~ Norris Lozano, CEO of BusinessUS

Fed says: One-Third of all small business loans are SBA-guaranteed

colemanreportbannerlogo082013-2Today, Bob Coleman reports on the “2014 Joint Small Business Credit Survey“, a study compiled by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia, that reveals that one in three small businesses that received credit in the first half of 2014 came in the form of a SBA loan.

One-in-three.

Wow.

Read more news about SBA lending at the Coleman Report.

~ To find out whether your small business qualifies for an SBA loan, please contact BusinessUS using our contact page, or send an email to Norris Lozano, our CEO,

16 Hot Startups that Launched in 2014

Logo_Business_InsiderBusiness Insider has issued its Best Startups of 2014 List, and it’s worth the read.

As should be expected from a media source whose CEO is Henry Blodgett, there’s a whole lotta technology on the list, analyzed by factors like

  • funding
  • revenue
  • growth, and
  • investor interest.

Here’s the article:

Here’s the list:

  1. glamsquad-brings-hair-salon-quality-blowouts-to-your-apartmentGLAMSQUAD brings hair salon-quality blowouts to your apartment.
  2. Spring is the Instagram for shopping.
  3. DWNLD makes apps easy to make, customize and get published in the App Store
  4. Ello is the ad-free, anti-Facebook social network.

  5. Curbside lets you order stuff on your phone and pick it up at the store without leaving your car.

  6. Reserve takes all the pain out of making restaurant reservations.

  7. Shyp sends your packages for you, so you never have to step foot in the post office
  8. Jet.com is Marc Lore’s mysterious “Amazon-killer” e-commerce website.
  9. More …

~ For more information about using an SBA Loan as part of your startup capital, please contact Norris Lozano at BusinessUS

Small Businesses add a million new workers in 2014

“Small employers added 106,000 workers to their collective payrolls in December, according to the latest round of data issued by payroll processing firm ADP. That’s up from 99,000 added the month before and the fourth consecutive month of employment growth exceeding 90,000.

Over the year, small businesses added more than 1 million employees, averaging monthly additions of 90,000 workers — up from last year’s pace of about 80,000 per month.”

Read more here in the Washington Post

~ want to learn more about small business loans? email Norris Lozano or visit the BusinessUS website

Washington DC may assist more small businesses in the New Year

image_from_bitly_13U3V75“Small businesses are looking for government to function and get a lot more done,” said John Arensmeyer, chief executive officer of the advocacy group Small Business Majority.

A few of the options on the table in this upcoming Congress are:

  1. Reduction in corporate tax rate from the current 35%
  2. Small Business tax deductions
  3. Bonus depreciation
  4. Reduction in paperwork for SBA loans.

“It’s expected to encourage more banks, particularly smaller ones, to make SBA-backed loans, said SBA Administrator Maria Contreras-Sweet.”

Read the full article here.

~ Learn more about small business loans by contacting Norris Lozano at www.Bizbank.US

“8,000 small business loans are declined every day by banks”

Time well spent: Have a look and listen to this impactful talk2014_10_28_Screen_Cap_video_Connie_Evans with Connie Evans, President & CEO, Association for Enterprise Opportunity in Washington DC, hosted by Bob Coleman of the Coleman Report.

Ms. Evans gives an impressive array of facts about the benefits of micro-lending (loans of up to $50,000) and micro-capital (up to $250,000) to small businesses of up to 5 employees.

Among others, she says that such businesses are declined for loans by banks at a rate of 8,000 declines per day.

8,000. Declines. Per. Day.

The opportunity to serve these underserved small business borrowers is profound.

~ Norris Lozano, CEO, BusinessUS, a California-based small business lender

What makes a small business “small”?

Logo_SBAWe are asked all the time “What defines a small business?” and “Why does it matter?”

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.

~Norris Lozano, CEO of BusinessUS

Lozano congratulates Spirit of Small Business Award winners

spirit-sample-graphic_cropThe 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

Well done!

~ Norris Lozano, CEO of BusinessUS

7 Stages of Small Business Success

Phoenix_Business_Journal

 

Clate Mask, a guest blogger to the Phoenix Business Journal, has written a well-researched set of articles (there are 2, both linked here) outlining the 7 stages of small business success. The articles are full of good data and interesting insights – – take a few minutes:

7 Stages of Small Business Success – Part 1, (Stages 1-3)

7 Stages of Small Business Success, Part 2, (Stages 4-7)

~Norris Lozano, CEO of BusinessUS, a national non-bank lender based in Woodland Hills, CA

American Dream: Former Denny’s Waitress now owns 75 locations

dennys-dawn-lafreedaLike many young people, Dawn Lafreeda started her working life at age 16. Her first job was as a hostess at a local Denny’s restaurant.

But this determined woman’s life quickly took a turn that would be instrumental in defining her success: “During college, she took on a second job at a software company, where she learned about accounting and managing personnel.” At 23, she was able to leverage her skills and burning desire to succeed to acquire a Denny’s store in Globe, Arizona. (It’s 87 miles east of Phoenix, in case you’d like to look it up).

18 months later, she was offered 4 more stores in Texas. Now, “Lafreeda has increased her empire to 75 Denny’s locations in six states, becoming the largest single-owner franchisee in the system.”

Read more

jamalmashburn_D_20130911152954Here’s another great franchise-building story, about NBA star Jamal Mashburn.

 

~ This story is posted by Norris Lozano, CEO of BusinessUS.

He’s Back: Al Gore, “The Turning Point: New Hope for the Climate”

gore-600-1403097332Al 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

Inc.: In California’s Kevin McCarthy, A Small Business Advocate Rises to GOP’s Top

Kevin-McCarthy_37943With the election of Kevin McCarthy, BusinessUS and other California small businesses find ourselves in an interesting political position: both the Majority Leader and the Minority Leader of the House, and the SBA Administrator, are from our home state.

Read more about Kevin McCarthy and small business here

“In McCarthy, Republicans have found a moderate voice with strong business ties, and the ability to understand the concerns of smaller businesses. They have also found someone who may be able to unify the fractious voices that have prevented the Republican caucus from taking meaningful action on legislation like immigration reform.”

Nancy Pelosi: “After raising $1.8 million for Democrats through her leadership PAC in 2002, Pelosi got the top job when Minority Leader Dick Gephardt. She was the first woman to ever lead a party in Congress. In 2006, she teamed up with Schumer, Harry Reid, and Rahm Emanuel and hatched a plan to take back Congress. …and it totally worked! Democrats won the majority in both chambers, and Pelosi became the first female Speaker of the House. In the first 100 hours of being Speaker in 2006, Pelosi raised the minimum wage, enacted the 9/11 commission report, ended many tax subsidies to oil companies, and made new rules about lobbying.”

Read more about Pelosi’s successes here 

SBA Administrator Maria Contreras-Sweet has a wide range of experience having been a business owner, founder of a Latino-owned community bank and a former California cabinet secretary. She’s also been an advocate for Hispanics.

“She knows business and she knows the economics and the business of raising capital, and the importance of building a solid small business community,” says Betsy Berkhemer-Credaire, president of Los Angeles-based Berkhemer-Clayton, an executive search firm. She has known Contreras-Sweet for about 25 years and worked with her at nonprofit groups including the March of Dimes.

Contreras-Sweet, 58, first became a business owner in 1980, as a partner in the 7UP/RC Bottling of Southern California. She also served on the board of directors of the health insurer Blue Cross of California. In 1999, she became secretary of the California Business, Transportation and Housing Agency and was the first Hispanic woman in the state Cabinet. She held that post until 2003.

Here’s a good summary of the SBA Administrator’s California career

~ Norris Lozano, CEO of BusinessUS

Pavlik ranked 5th on AVP, in today’s final round at St. Petersburg Open

Pavlik_at_St_Petersburg_Open_2014Check out Whitney Pavlik’s AVP page: http://www.avp.com/player/whitney-pavlik – currently ranked 5th by the AVP!

Our photogenic superstar is featured by CBS: http://www.avp.com/news/watch-the-avp-st-petersburg-open-finals-live-on-cbs-sports-network

The team of Pavlik and Jennifer Forma is seeded 3rd at the St. Petersburg Open on the AVP Tour.

Final round today!

Here’s the rankings: http://www.avp.com/stats/st-petersburg-open-14-w

Good luck today Whitney!!

 

(Posted by Norris Lozano, CEO of BusinessUS)