Archive: September 21, 2008 - September 27, 2008

Small Banks Boom While Some Local Firms Bust

While big banks are collapsing with a resounding thud on a daily basis, smaller banks say they're actually profiting from their big friends' problems. Deposits are flowing in as customers flee riskier investments, and well-qualified borrowers are lining up for loans, reported Binyamin Appelbaum in Thursday's Business section of The...

By Sharon McLoone | September 26, 2008; 2:51 PM ET | Comments (1)

Black Chamber of Commerce To Open in Northern Virginia

A new chamber of commerce is officially opening in Northern Virginia next week to help African Americans and those looking to do business with minorities network and grow. The founders of the Northern Virginia Black Chamber of Commerce created the chamber because they were frustrated by a lack of good...

By Sharon McLoone | September 25, 2008; 9:03 AM ET | Comments (0)

Female Lawmakers Object to Proposed Women's Procurement Rule

The top Republican on the Senate Small Business and Entrepreneurship Committee rallied her fellow female senators to sign a letter addressed to the head of the Small Business Administration requesting either an improvement to a proposed women's procurement rule or for its complete withdrawal. Sen. Olympia Snowe of Maine with...

By Sharon McLoone | September 24, 2008; 9:48 AM ET | Comments (0)

Rethinking a Small Business Strategy

Business strategies that work for a $10 million company don't work for a $25 million company. That's one of the messages that seemed to hit home with the audience at a leadership session during last week's Inc. 500 conference in Maryland. The talk was led by Keith McFarland of McFarland...

By Sharon McLoone | September 23, 2008; 2:26 PM ET | Comments (0)

Small Business Report Paints Grim Economic Picture

Even before I opened a new economic report detailing how small businesses are faring in the current downturn, I could tell its findings weren't going to be pretty. The National Small Business Association got its bleak message across through the pictures on the report cover -- a business owner holding...

By Sharon McLoone | September 22, 2008; 2:02 PM ET | Comments (1)

Freshman Fund Invests in the Future

Entrepreneur Jeff Frese and the young beneficiaries of his latest startup have something in common -- they all eat a lot of peanut butter and jelly sandwiches. Frese eats them because he's pinching pennies while trying to get his new business off the ground. The beneficiiaries or his startup enjoy...

By Sharon McLoone | September 22, 2008; 9:10 AM ET | Comments (0)


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