“This will allow our Main Streets to breathe a sigh of relief and ensure that they will not have to take another hit to their bottom line with new loan payments amid ongoing global supply disruptions and economic uncertainty. Where does your busines fit into the current market Remember to include a short section on your market standing in your business forecast. “The EIDL program has been a lifeline for hundreds of thousands of New York’s small businesses and nonprofits, across every county of the state, and now over 330,000 small businesses and nonprofits across the Empire State will be given much-needed, additional relief to help them recover as we exit the Omicron wave,” Schumer said in a news release. Loans totaling $871,156,631 were made to 9,489 businesses in the Finger Lakes over the past two years, just part of the $34.5 billion in EIDLs issued to businesses in the state, Schumer’s office said. Schumer had urged SBA Administrator Isabel Guzman to extend the repayment pause, citing economic uncertainty due to rising costs and supply chain complications. Our mission is to foster job creation and. Interest will continue to accrue and the deferment could result in a balloon payment, the agency said. The Small Business Division provides business training, educational events, and coaching to empower entrepreneurs. The workshop will address the regulatory guidance applicable to both programs, eligibility criteria, and the role of the district office monitoring these programs if you receive a property transfer. SizeUp provides three core features that enable business owners to make more intelligent decisions - Benchmark your business, map your competition. Commerce Department’s Business Apps Challenge and was selected as a Top 10 Data Startup at the 2012 Data2.0 Summit.
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The software also won first place in the U.S.
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Senate Majority Leader Charles Schumer (D-N.Y.) said today that the Small Business Administration (SBA) now has agreed to extend deferment of principal and interest payments for a total of 30 months from loan inception.įull or partial payments can be made during the deferment period but are not required, the SBA said. This webinar will explain the SBA federal surplus property programs currently available to 8 (a) firms and Veteran-Owned Small Businesses (VOSBs). SizeUp is the first private sector company to license its technology to the Small Business Administration. It is designed to help small business owners compete by making them “smarter, more profitable and more competitive.”īy crunching millions of data points from a variety of public and private-sector sources, SizeUp provides crucial information to small business owners in three key ways:ġ) It enables them to map out their competition and make a concrete plan grounded in supply and demand parameters as they relate to their marketplace,Ģ) It allows them to compare their performance to that of their primary competitors in very defined ways, andģ) SizeUp helps business owners find the best places to advertise that will yield the most positive results.Nearly 9,500 small businesses in the Finger Lakes region will be allowed to defer repayment on COVID-19 Economic and Disaster Loans for another six months. “SizeUp empowers businesses to make smarter choices by providing many of the same demographic, industry, business, geographic, competitiveness, and cost-of-business data that huge corporations use every day,” according to SizeUp’s CEO, Anatalio Ubalde.
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Small Business Administration (SBA) just announced that it will feature a free online resource tool designed to help business opportunity, franchise and other small business owners succeed by providing them with highly specific information about their industry and marketplace.
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