Recently the SBA has increased its efforts to
help small business
owners enter the $400 billion federal contracts marketplace.
Government
contracts are one way for small businesses to raise operating capital
and gain a large steady customer. The SBA employed their May 2008 web
chat to have the associate administrator for government contracting and
business development, Fay Ott, discuss the SBA's educational programs
and field questions from interested business owners.
The SBA has recently applauded the lasting effects of the 2003 Tax Relief Act passed five years ago.
Seventy-five
percent of the population that benefited the most from the top bracket
tax reduction since the Act was passed were small business owners.
Business owners who have found paying taxes and meeting their corporate
expenses a challenge due to timing often turn to US Business Finance
Corp for
business cash advances.
Our cash advances can be used for any business purpose and are quickly
accessible - within 7 to 10 days of our fast approval process.
Small businesses helped on home office expenses
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The Home Office Deduction Simplification Act (H.R. 6214) recently
introduced in Congress will allow
small businesses working out of a
home office to deduct their office expenses by offering a $1,500
standard deduction. The $1,500 would also be indexed to the price of
inflation so it would incrementally increase every year.
SBA Loan Application
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US Business Finance Corp helps small business owners get working capital for their enterprises. Often, new business owners hear of Small Business Administration (SBA) loans, and wonder if it is a good business financing option. An
SBA loan is one that is largely backed by the government and funded by one of your local financial lending institutions. The following points help you assess your readiness for an SBA loan.