This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

3 Things You Should Know About Small Business: October 1

NEW YORK (TheStreet) -- What's happening in small business today?

1. Should small businesses be worried about the looming fiscal cliff? According to an opinion piece on Terra.com, a news website for Latinos, small-business owners have a right to be alarmed.

The fiscal cliff, which refers to the myriad of fiscal policy changes schedule to hit the economy on January 1, means business owners will be faced with higher taxes, fewer federal contracts and a drop in sales as the economy "careens over the fiscal cliff," the article says. This could also mean that small-business hiring and capital investment will shrink next year, particularly as tax rates rise and access to capital shrinks once again.

"The 59% increase in long-term capital-gains tax rates will reduce the availability of equity capital to high-growth businesses because the willingness of investors to provide capital to young, high-growth companies depends on their expected after-tax returns," the article says.

2. Biz2Credit launches industry-specific pages to help small business owners secure financing. Biz2Credit, a website that matches small and medium-sized businesses with lenders, service providers and business tools, has launched additional web pages with information geared toward borrowers in specific industries.

Biz2Credit has started with two industries -- medical practices and restaurants, but also plans to launch specific sites for gas station owners, retailers and professional services.

The physician page provides information on the various financial needs that doctors and other health professionals encounter and the funding options that are available to them. It also offers advice on how to apply for doctor-specific loans, equipment loans for medical offices, business lines of credit and other sources of physician funding.

The restaurateur page offers information on restaurant loans, franchise loans, accounts receivable financing, building loans and equipment loans, Biz2Credit says.

"Professionals, including doctors, attorneys, CPAs, and others, face financial needs just like other business owners. For instance, physicians often face cash flow issues frequently because of slow-paying insurance company reimbursements and the ever-increasing cost of doing business," said Rohit Arora, CEO of Biz2Credit. "We have set up pages designed to address the issues facing the healthcare and restaurant industries because these small business owners have been increasingly turning to Biz2Credit for help."

Last month, Biz2Credit launched a page designed to help women entrepreneurs secure capital. The company also plans to launch additional sites to address the financial needs of African-American and Hispanic small business owners.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs