Small Business News # 3

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SBA Loans Easier to Get?

The Obama administration has announced new initiatives to help increase lending to small businesses.  The Small Business Administration and the Treasury Department plan to increase the maximum sizes of 7(a) loans, 504 loans and microloans.

**Note:  Small business owners who do not qualify for SBA loans may apply for unsecured business cash advances.  Furthermore, merchants who already have bank loans may use business cash advances as additional funds.

America’s Top 10 Small Public Companies

Forbes recently released its list of America’s top 200 small companies.  “Our list of the 200 Best Small Companies in America begins with a search for companies that show both sales and earnings growth,” wrote Kurt Badenhausen and Christina Settimi.  The top 10 on the list are as follows:

1. Lumber Liquidators
2. Allegiant Travel
3. Quality Systems
4. LHC Group
5. Green Mountain Coffee Roasters
6. Transcend Services
7. Rackspace Hosting
8. NVE
9. American Public Education
10. American Science & Engineering

Small Business Reading

Top five books in “Small Business and Entrepreneurship” on Amazon, as of October 23, 2009:

1. The Big Book of Small Business: You Don’t Have to Run Your Business by the Seat of Your Pants - Tom Gegax and Phil Bolsta

2. Small Business For Dummies (For Dummies (Business & Personal Finance)) – Eric Tyson and Jim Schell

3. Small Business Start-Up Kit – Peri Pakroo J.D.

4. How to Succeed as a Small Business Owner … and Still Have a Life – Bill Collier

5. The Small Business Owner’s Manual: Everything You Need To Know To Start Up And Run Your Business – Joe Kennedy