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Log In / Register | Apr 16, 2014

Obama Nominates Latina for SBA Administrator

Contreras-Sweet, Obama, Hulit
L-R: Contreras-Sweet, Obama, Hulit. Photo/Whitehouse

WASHINGTON— Last week Wednesday President Obama nominated small business banker Maria Contreras-Sweet to head the Small Business Administration. Contrera-Sweet, 58, started ProAmérica Bank in 2006, a California bank that focuses on small business loans in Latino neighborhoods.

Small Business Agency Criticized for Big Business Ties

The SBA's Office of Advocacy is entrusted with representing the interests of small businesses before other federal agencies.

Government Warns Again: Franchises Do Not Succeed More than Small Businesses

A troubled KFC franchise in Kentucky gives up on its franchisor and closes its doors for good
A KFC franchisee in Kentucky gives up on its franchisor and closes its doors for good. photo/bluemaumau

LEXINGTON, Ky. — The Small Business Administration has declared yet again to the public that franchises have the same success rates as independent small businesses.

Franchise Loans Difficult to Get

Rick Kimsey, a twenty year veteran of the wireless telephone industry, decided he wanted to leave the increasingly competitive market of cell phones and invest where the grass looks greener - health care.

SBA Says Franchises Are 'Proven' Success

Utah's top SBA official touts buying a franchise as buying into a proven business model.

10 Most Active SBA Lenders

WASHINGTON, D.C. — Some of America's largest banks are among the ten most active lenders of Small Business Administration backed loans.

Obama Asks for Leaner Govt, Promotes SBA Head

In East Room, Obama asks Congress to give him authority to consolidate federal government agencies
photo: Lawrence Jackson, White House Photographer

WASHINGTON, D.C. — President Obama announced yesterday an initiative to merge commerce-related departments of the federal government into one entity and to promote the Small Business Administration head to Cabinet member. Franchisor and franchisee advocates are generally positive about the move.

Small Business Lending Declines

Small business lending and gross domestic product, june 2005 - june 2011
Source: U.S. Small Business Administration Office of Advocacy

WASHINGTON — A quarterly report released today from the Small Business Administration shows that lending to small businesses continues to shrink.

SBA Liar Loans Are Not Surprising

Regarding the current exposé by Blue MauMau on bogus franchise loans by bankers, loan brokers and franchisees in order to have Small Business Administration-guaranteed loans for otherwise bad investments...

Liar Loans Pt 5: Different Books for Different Folks

See no evil, hear no evil, speak no evil
Representing the franchise lending process? photo/rose robinson

LEXINGTON, Ky. — Franchisees of Huntington Learning Center, The Coffee Beanery and more say that the system was stacked against them. What irks them is that their franchisors had access to the real numbers while they struggled to get a scrap of financial information, any information, from a single store.