News (2428)
Citi Increases SBA Lending
Citi has announced that it lent $9.1 billion to U.S. small businesses in 2013. That raises its three-year tally to $26.6 billion, surpassing the $24 billion commitment made in 2011 in conjunction with the U.S. Small Business Administration (SBA) to provide access to lending and capital that would speed economic recovery. Citi’s lending to small businesses in 2013 was up more than 100% from 2009 when Citi loaned $4.5 billion. Citi pledged lending of $7 billion in 2011, $8 billion in 2012 and $9 billion in 2013. Citi surpassed its goals every year, lending small businesses $7.9 billion in 2011, $9.6 billion in 2012 and $9.1 billion in 2013.
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A Majority of Small Businesses Will See Healthcare Costs Increase
According to the Washington Post, new numbers released by the Obama Administration show two-thirds of all small business that offer employee healthcare will see an increase in the cost of healthcare coverage.
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Managing Each Generation
"People are living longer and working longer," says Jerry Siegel, president of JASB Management Inc., a Syosset-based management training and development firm. "You have more generations . . . working together or attempting to work together."
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Lack of Local Banks Hurts Small Business
According to a new study from Baylor University, lack of local banks in rural communities is hurting small business, reports Fox Small Business. The lack creates a financial “desert” so small business are forced to pitch their ideas to banks located in far off urban areas.
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Insurance Policy Suite Available in the Cloud
Decision Research Corporation (DRC),has announced that GameChanger® Suite has been deployed to the Windows Azure environment and is now available as a service.
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The Windows XP era is ending
A lot has changed in the past decade since Microsoft Corp. launched Windows XP and Office 2003. Hardware is less expensive, devices are smaller, operating systems are faster and mobile phones are smarter than ever. In addition, the way we work has changed -- we're more mobile and more social in the workplace today than ever before. However, despite all of these advances, according to Stat Counter( http://gs.statcounter.com/#os-ww-monthly-201302-201401-bar ), nearly 21 percent of computers worldwide are still using Windows XP.
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Small Business Still Waiting for Insurance Marketplace
The small business health insurance marketplace enrollment lagging, reports the Washington Post. It is not that small businesses don't want to use the marketplace, in many instances they can't. The websites are either non existent or barely functional.
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Weather is Hurting Small Business
According to the Wall Street Journal, one-third of small business owners across the United States believes their business has been affected by adverse weather.
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Social Media Spending May Off
Social media is the go-to marketing tool for many successful small businesses, reports Fox Small Business. The results of a Linkedin Survey found 80% of businesses experiencing significant growth are spending more on social media advertising than their peers.
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Work Place Safety Top Concern
According to eWeek a new survey by Employers, a small business insurance specialist, work place safety is a top concern. Of those surveyed, 35 percent reported worrying about work place safety above other topics.
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