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Small Business Authority Releases The March 2013 SB Authority Index

 Newtek Business Services, Inc., NASDAQ: NEWT, The Small Business Authority®, announced the release of the SB Authority Index of small business indicators for March 2013 reaching 117.31 points. Approved SBA gross lending volume and the Russell Microcap Index led the increase. The SB Authority index is up .20% from February 2013.

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Loans Still Hard to Come By

According to CNBC, it still remains hard for small businesses to get funding from traditional banks. Many small businesses are turning to smaller community banks or alternative funding in attempt to raise capital.

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Government Contracts Up for Bid

Small businesses will have the opportunity to bid on government contracts this summer, reports the Washington Post. Almost $2 billion dollars in contracts will be open for bid, a majority of the contracts are in the defense sector.  

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Companies Providing Health Insurance Declines

According to CNN Small Business, the number of small business offering health insurance has declined. During the period of 2000-2011 companies providing health insurance dropped  from 47% to 38%.

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Could Internet Sales Tax Bill Harm Small Business

If passed the internet sales tax bill, which is currently in the Senate, could harm small businesses, reports Fox Small Business. The Bill would apply to any business that has more than $1 million dollars in annual revenue. It would require retailers to collect sales tax on all online sales.

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New High Tech Businesses Rely More Than Other Firms on Bank Loans

 In the current financial climate, new high-tech businesses rely more than other firms on outside loans and investments, while non-technology businesses owned by African Americans, Latinos, and women simply operate on less capital, says a report issued today by the U.S. Small Business Administration (SBA) Office of Advocacy. The report, called Access to Capital among Young Firms, Minority-owned Firms, Women-owned Firms, and High-tech Firms looks at how the changing financial environment affects new firms.

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Work-Life Challenges for Home-Based Businesses

Owning a business is stressful, but running a business from home brings additional challenges, according to a new survey by Wakefield Research for Carbonite, Inc. (NASDAQ: CARB), a leading provider of cloud backup solutions. The study found that while home-based small business owners are concerned about data loss and struggle to find a proper work/life balance, a majority (79 percent) aren't taking full advantage of cloud-based business tools.

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New $82 Million Credit Line to Fund Small Businesses

Business Financial Services, Inc. (BFS), a leading specialty finance company since 2002, announced a new $82 million credit facility provided by Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The new credit line, which replaces a smaller facility with another lender, bolsters the Company's ability to serve the owners of small and medium-size businesses throughout the United States, and through affiliates in Canada and the United Kingdom.

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Social Media Works for Sales Increase, But It Takes Time

Small business owners only dedicated 3 hours a week to social media, reports Forbes. While social media can increase sales it requires more of a time investment before any results are seen.

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Better Economy, Fewer Entrepreneurs

When the economy improves entrepreneurship declines. The Kauffman Foundation’s Index of Entrepreneurial Activity shows that 0.3 percent of the adult population started a business in each month last year, reports Businessweek. That is down from an average of 0.32 percent in 2011.

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