Archive: November 23, 2008 - November 29, 2008

Study: Millions of Small Business Owners Hold Toxic Mortgages

Millions of U.S. small business owners own "toxic" mortgages and are at risk of defaulting on their loans, according to the National Association for the Self-Employed. Additionally, many of these bad mortgages were targeted to small business owners who were prime and near-prime borrowers, but who are now facing unmanageable...

By Sharon McLoone | November 26, 2008; 12:06 PM ET | Comments (1)

Falling Gas Prices a Silver Lining For Small Businesses

A silver lining of the economic crisis is the rapidly falling cost of gas, Alejandro Lazo reports in Relief by the Gallon. After rising to record highs this past summer, gas prices have now fallen to a national average of $1.885 per gallon for regular unleaded, their lowest level since...

By Sharon McLoone | November 26, 2008; 7:31 AM ET | Comments (0)

IRS Announces New Mileage Rate

The Internal Revenue Service today issued its 2009 optional standard mileage rates that are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car, van, pickup or panel...

By Sharon McLoone | November 25, 2008; 4:15 PM ET | Comments (0)

New Lending Program Evokes 'Cautious Optimism' in Small Biz Community

The chairwoman of the House Small Business Committee is cautiously optimistic about the move by the Federal Reserve today to provide up to $200 billion to investors who put the money toward small business and consumer lending. "There is cautious optimism that the new facility, which is long-overdue, will begin...

By Sharon McLoone | November 25, 2008; 12:07 PM ET | Comments (0)

How Do I...Find the Right Domain Name?

So you probably know you can lease a car, but did you know you can lease a Web site? But then, why would you want to? For answers to these questions and more, I spoke with YummyNames General Manager Bill Sweetman about tips for small firms in finding the best...

By Sharon McLoone | November 25, 2008; 10:34 AM ET | Comments (4)

Report: SBA Should Better Educate 8(a) Applicants

The Small Business Administration could do a better job of educating applicants about its popular 8(a) loan program, but its effectiveness has been hampered by agency downsizing and budget reductions, according to a new government report (pdf). The SBA's 8(a) program is designed to help small firms gain access to...

By Sharon McLoone | November 24, 2008; 9:20 AM ET | Comments (1)


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