This Day On The Street
Continue to site
ADVERTISEMENT
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

5 Things That Happened In Small Business This Week: April 19

Known as Samuel Adams Brewing The American Dream, the program is adding $1 million in funding for microloans targeting about 100 new small businesses through its partnership with non-profit lender Accion. Companies, including other craft brewers, can apply for microloans ranging from $500 to $25,000. All loan payments are recycled back into the fund, according to an article by TheStreet.

"When I started Sam Adams what would have been really helpful to me that I couldn't get was loan money . . . even to get nuts and bolts business advice. Even for me with a Harvard MBA, I didn't know how to make a sales call or design a label or how to set up a payroll system. Those are things that 20 min with somebody who does that will prevent a lot of expensive mistakes," Boston Beer founder Jim Koch said.

4. Waiving the SBA-loan fees to banks is a "non-issue." The Small Business Administration's solution to the small-business loan drought is to waive the fees it charges banking institutions, including a one-time fee it charges and an annual fee for the guaranteed portion, according to The Agenda, a small-business blog on The New York Times Web site.

But it's unclear whether eliminating the fees will spark new lending, considering banks usually pass those fees onto borrowers. "From our experience," Rohit Arora, CEO of Biz2Credit told the Times, "we have seen that streamlining the paperwork and the decision-making is more important."

One article commentator, identified as Ron Miller of Philadelphia said: "I guess that's a start but more definitely needs to be done, I write business plans so I talk to people every day who are looking for small business loans. Waiving the SBA application fee is really a non-issue."

5. Delaware introduces benefit corporation legislation. Delaware was the latest state on Thursday to introduce legislation allowing companies to incorporate as so-called B Corps. there, according to a release by nonprofit organization B Labs.

The legislation has bipartisan support and is expected to move quickly through both chambers to be signed into law in June.

"A public benefit corporation is a for-profit corporation that is managed in a responsible and sustainable manner for the benefit not only of its stockholders but also for other societal interests. Current law requires corporations to prioritize the financial interests of shareholders over the interests of workers, communities, and the environment," B Labs said in the release.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
FWM $4.56 -7.80%
SAM $248.47 1.70%
WFM $48.78 1.30%
AAPL $128.73 -0.17%
FB $78.81 -0.23%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs