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: Feb. 19

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

1. Google plans to open retail stores. Google (GOOG) is in the process of building brick-and-mortar stores in a move to get its products -- Google Nexus, Chrome and other upcoming products -- into the hands of consumers, 9to5Google.com reported. Google hopes to have the first flagship Google Stores open by the holiday season in major metro areas.

"Google feels right now that many potential customers need to get hands-on experience with its products before they are willing to purchase. Google competitors Apple (AAPL) and Microsoft (MSFT) have retail outlets where customers can try before they buy," the blog says.

A nagging question is: Will Google retail be as bad as Microsoft stores?

2. How sequestration will affect small businesses. Imminent federal spending cuts have been looming and, if enacted, could put a damper on small business. A failure by Republicans and Democrats to reach a deal over how to increase U.S. federal government revenue could trigger large spending cuts. Entrepreneur.com says if sequestration happens, SBA loans will shrink, there will be fewer federal contract deals for small businesses and a general economic slowdown in an already struggling recovery.

"If sequestration goes into effect, the U.S. economy could see any progress it has made toward recovery erased, causing consumers to slam their wallets shut. Gross domestic product could decrease by $215 billion, personal earnings of the work force could fall by $109.4 billion and the U.S. economy could lose 2.14 million jobs," Entrepreneur says, citing a 2012 report by George Mason University.

3. IFA launches franchise finance initiative. The International Franchise Association and the National Association of Development Cos., the trade association for Certified Development Companies, or CDCs (nonprofit companies that have been certified by the Small Business Administration SBA to provide financing for small businesses under the SBA 504 Program) have partnered for a new franchise finance initiative. The initiative, launched Monday at the IFA Convention Financial Summit in Las Vegas, will use SBA loans for franchise real estate, equipment and remodels.

The funding initiative, featuring 10% down, long-term fixed-rate financing will support single- and multi-unit new development as well as transfers, conversions, refranchising, remodeling and refinancing, a release says.

"This new initiative will increase the use of the SBA's 504 lending program, finance new franchise establishments and create jobs in the franchising industry in 2013 and beyond," IFA CEO Steve Caldeira said in a statement. "The SBA and its partner lending institutions are a critical vehicle to finance the growth plans of franchisors and franchisees that continue to grow at rates that outpace growth of other industries."

NADCO CEO Beth Solomon added: "While franchisees have long used SBA-guaranteed asset finance programs, franchisors can now deploy these asset finance programs for system-wide, game-changing growth. The 504 industry, through its 270 CDCs in all 50 states, is mobilizing to support franchise growth and create the jobs America needs."

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:







Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASDAQ 4,508.6880 -19.0010 -0.42%

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