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.
Buying or refinancing your home or commercial real estate.
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Even though the housing market is still struggling to recover another cyclical downturn, almost 80% of Americans think that
buying a home
is still a good investment. According to a June 2008 survey by
Rasmussen Reports, only 9% of homeowners surveyed experienced their
property losing value in the recent downturn. 80% of homeowners
reported their home values above their purchase price, with the
remaining 10% experienced little to no change.
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.
Financing solutions for home buyers
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President Bush recently signed a foreclosure relief bill to help how
owners in trouble on their
home mortgages. The federal action installs
a government-backed mortgage guarantee to some homeowners in danger of
sub-prime loan foreclosures. Adding fuel to the fire is the latest
reports on low home sales and increased foreclosures or homes declared
in default.
VA backed no money down loans for veterans.
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With the tightening of mortgage requirements in the post-subprime
shake-up market, VA loans are increasing their usage by military for
owner occupied
residential home mortgages. Both active and retired
military are able to secure lower interest fixed rate loans with little
or no money down. Loan limits on the VA-backed loans are $417,000 in
most areas of the US.
