New Minority Biz Funding Program Approved

Fund My Business Inc., a nationwide SBA loan packaging and consulting firm, announced today a new outreach program to help minority owned business in the black and brown communities receive new funding from the $30 billion SBA loan guarantee program.

Effective January 1st, 2014 the United States Small Business Administration (SBA) approved new guidelines and qualifying requirements that make it easier to qualify and more businesses are eligible.

About the Small Business Administration

A small business is now defined as earning less than $5 million per year of net income and owning less than $15 million in net assets. Under these new alternative size standards financing is available from $50,000 up to $14 million. The funds can be used for working capital, equipment, inventory ,debt restructure marketing, payroll, building purchases with as little as 10% down payment, for franchises and new start ups.

For loan requests from $50,000 up to $350,000 the Small Loan Advantage loan is available and offers a streamlined application process and faster approvals. More information can be found on their website at FundMyBusiness.biz . A program unique to black owned veterinarians, dentist and medical practices is a 100% financing program that allows you to buy your own building or a practice with zero down payment up to $5 million.

About Fund My Business Inc.

Fund My Business Inc. is a California corporation and is headquartered in Los Angeles, CA. They are state approved SBA finance instructors and have access to SBA preferred lending providers that can provide funding to businesses in all 50 states and the territories. It does not matter where your business is located or where you bank. The SBA is a federal program and is the same in all 50 states. Howard Eley (pictured above) is a national recruiter for the company.

For more information, please visit www.fundmybusiness.biz/heley

Section 3 Workshop

SECTION 3

COMMUNITY READINESS WORKSHOP

To Prepare For

JOBS - CONTRACTS - EMPLOYMENT

Date: May 7, 2014

Time: 02:00 PM – 04:00PM

Place: Famous Brown’s Restaurant & Ballroom

                       4935 Nine Mile Road

                       804-247-0537 

This Workshop will Educate and Prepare

Housing Authority Residents * Low-Income Persons  Business Concerns * Surrounding Community

On Their Rights and Options!

The workshop will present Information never shared that establishes the standards and procedures of

Section 3

It is the policy of the Congress and purpose of Section 3 to ensure that employment and other economic opportunities are generate by Federal financial assistance for housing and community development and the efforts are require to be directed in order of priority. 

(Section 3 Joint Venture 135.40(c)(2)(i)(ii))

Commonwealth Consultation, LLC

                                    

                                            Famous Brown’s Restaurant & Ballroom

                                                                                                                  Bradley Development, LLC

Small Business Slammed By Shutdown

As we head into Day 3 of the government shutdown, Succeed members describe how the political impasse is affecting their lives, jobs, and overall outlook. How will the government shutdown impact your small business?http://lnkd.in/b53Xt-v  • “I happen to be a contractor for the federal government, a single parent and a recent widow, so this is going to impact me seriously... I always had two incomes to rely on so the other shutdowns did not impact me, but with the recent death of my husband in February, I am the only income supporting the family.” – Melissa Luppino http://www.linkedin.com/pub/melissa-luppino/22/5ab/a35/  • “It will definitely impact my business. Our location is not far from D.C. and quite a few people who live in our county work for the government and/or for a company that have contracts with the government. It would be pretty bad for our area and my business that is still recovering from the recession.” – Lorrie Anderson http://www.linkedin.com/pub/lorrie-anderson/10/603/7a4/  • “It will not hurt my business at all. However, my fiancee owns a daycare and more than half of her parents are military. They are already telling her they may not be able to pay her at the end of the week.” – F. Michael Ritchiehttp://www.linkedin.com/pub/f-michael-ritchie/40/33a/919/  • “I do believe that every business is going to be impacted in some way whether directly or indirectly because the stock market immediately reacts to something like this and people immediately react to the stock market—they tend to tighten the belt or make different decisions with their money.” – Savita Krishnamurthyhttp://www.linkedin.com/pub/savita-krishnamurthy/4/300/136/  • “We saw a major decrease in patient appointments the day of, as patients didn't want to pay copays and deductibles and other patient responsibility if no social security checks were being issued or paychecks for government jobs.” – Ro Silva http://www.linkedin.com/pub/ro-silva-cpm/53/347/815/  Has your small business already been affected by the shutdown? How are you preparing for a potential slowdown in business? Join the convo here:http://lnkd.in/b53Xt-v  Other top Succeed discussions include: • What products and services do you think will have higher demand due to the government shutdown? http://lnkd.in/bRghV-5  • Are word-of-mouth referrals still the best way to grow your business?http://lnkd.in/b2EfF5M  • Looking to start a new business from home but scared of everything. Any advice? http://lnkd.in/btKtyEw

Does Your Website or Online App Target Kids? Stricter COPPA Rules Go into Effect Soon

Do you target children or a youth demographic online? If so, you should be aware of the Children’s Online Privacy Protection Act (COPPA) – a federal ruling enforced by the FTC that gives parents control over what personal information websites can collect from children under the age of 13. Here’s what you need to know about the revisions to COPPA.

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