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Now is the Time to Get a Small Business Loan

Small businesses seeking loans are getting approved at record rates reports Forbes. 

Approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small banks in July

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Capital One Data Breach Could Impact Small Business

Another cyber security breach, this time affecting Capital One, could spell trouble for small business owners, reports Small Business Trends. 

Online security was a big topic in the past week.

Of course, news broke mid-week about the big Capital One data breach. And we talked about how you can deal with that as a small business owner and entrepreneur.

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Small Businesses Believe Automation Will Help

Instead of fearing automation and artificial intelligence, small businesses see it as a way for them to grow their business, reports Yahoo Finance.

A new study from web hosting company GoDaddy has found that despite general fears of the impact of automation and artificial intelligence (AI) on companies, small-business owners and entrepreneurs are “optimistic about business growth, the power of technology, and their contributions to local communities.”

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Small Employers Get 401k Access

According to CNBC, employees at small firms will soon be able to have access to 401k plans. 

If you work at a small business and don’t have access to a 401(k) savings plan, that could soon change.

The Labor Department on Monday released a final rule that’s intended to make it easier for the nation’s smaller firms to band together to offer 401(k) plans to their workers.

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Making Small Business Reorganization Easier

With the House passing the Small Business Reorganization Act 2019 small businesses will soon be able to use bankruptcy to reorganize their businesses, reports ACA International. 

The U.S. House of Representatives recently passed the Small Business Reorganization Act of 2019 (H.R. 3311 ), allowing small businesses to employ the tools of Chapter 11 to successfully reorganize.

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Helping Small Business Get Better Control of Deliveries

UPS is offering small businesses a new service, reports Small Business Trends. The new My Choice will help small business schedule and manage their shipments. 

UPS is promising to amp up the control SMBs have over both inbound and outbound deliveries with two-hour estimatesThe new UPS My Choice for business service is designed specifically for small businesses.

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Alibaba Courts Small Businesses

According to Business Insider, Alibaba is launching a new set of tools that will encourage small businesses to use Alibaba for B2B with the world market. 

Chinese e-commerce giant Alibaba is courting American small business owners with a spate of new digital tools designed to encourage domestic trade and increase US participation in the the $23.9 trillion global B2B market.

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Why Small Businesses Fail

Former Small Business Administration head says small businesses often fail due to several common mistakes, reports Yahoo Finance. 

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Top Places to Start a Small Business

CNBC has compiled a list of the top places to start a small business in 2019, reports CNBC. One such place is Austin Texas which has a great atmosphere for up and coming business. 

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Department of Energy Awards Small Business Grants

According to Energy.gov, the Department of Energy has award several small business grants to continue their work towards innovative energy products. The grants total $121 million to 103 small businesses in 29 states.

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