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.

3. NFL ref by night, small business banker by day. The NFL replacement ref who made that controversial call last week against the Green Bay Packers is actually a small business banker in California for Bank of America ( BAC).

Lance Easley is a vice president for small business banking at BofA. He has worked for Charlotte, N.C.-based bank BofA since June 2011, according to American Banker. Before that he was a business banker for Wells Fargo ( WFC).

Easley was at the center of perhaps one of the most controversial calls so far during a season that has been rife with complaints from fans, coaches and franchises as the NFL duked it out with its refs over pension contracts. (The two sides have since come to an agreement, with official refs returning as of Thursday night.)

According to American Banker, he is the president of the Los Padres Officials Association (high school basketball) and well known in the Santa Barbara area where he officiates high school and junior college football and basketball games. Earlier this year he attended a three-day training academy for aspiring college officials, the article says.

-- Written by Laurie Kulikowski in New York.

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

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