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SBA Finalizes Rule Adopting Changes to Contracting Program for Women-Owned Small Businesses

An interim final rule published in the Federal Register and effective immediately will amend regulations to the U.S. Small Business Administration’s Women-Owned Small Business Federal Contract Program allowing for greater access to federal contracting opportunities for women-owned businesses. This is the result of the National Defense Authorization Act of 2013 (NDAA) signed in January. The interim final rule removes the anticipated award price of the contract thresholds for women-owned small businesses (WOSB) and economically disadvantaged women-owned small businesses (EDWOSB). Instead, this will allow them greater access to federal contracting opportunities without limitations to the size of the contract.   The rule can be accessed at and comments can

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ChallengeHER Campaign to Assist Women-Owned Small Businesses

The ChallengeHER Campaign brings the resources of SBA, WIPP, and American Express OPEN together to engage Women-Owned Small Business and bring more women-owned firms into the federal government’s supply chain. The SBA will be hosting ChallengeHER events across the country to help women business owners better understand the procurement opportunities available from the federal government, including events in: Phoenix, AZ Seattle, WA New Orleans, LA Denver, CO Atlanta, GA San Francisco, CA New York, NY At these events, we’ll also be playing “matchmaker”—connecting women-owned small businesses with the decision-makers and contract opportunities housed by our federal partners, both at the

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Entrepreneur Wonder Women

Did you know March is Women’s History Month? The U.S. has been celebrating Women’s History Week since 1981, which Congress expanded to Women’s History Month in 1987. We want to dedicate this newsletter to all the wonderful women in business that we’ve had the good fortune to get to know over the years. It’s no wonder to us that statistics* suggest our next big economic push will be led by Women-Owned Businesses (WOBs): Thirty-three percent of all trademarks granted to individuals and sole proprietorships in 2012 went to women. Women own 30 percent (a total of 7.8 million) of companies,

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The History of Women’s Entrepreneurship Honored

Microsoft and the National Women’s History Museum have produced a new exhibit about the history of women’s entrepreneurship that honors, teaches and inspires. Created by NWHM in partnership with Microsoft, this new online exhibit examines the evolution of women’s entrepreneurship from the early 20th century through the present day. It explores key obstacles and triumphs that women have faced in starting businesses over the past century. All these business owners – male and female alike – can relate to and learn from. Check more out here: Money When Your Business Needs It Most!™

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Paragon Financial Group talks about how businesses can leverage factoring and/or po funding to keep their cash flow intact while fulfilling a government contract. Money When Your Business Needs It Most!™

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Paragon Financial Group explains how PO Financing can help importers, resellers and distributors grow their business and take on larger orders. Money When Your Business Needs It Most!™

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Alternative Lending Sources are Loaning Money!

Thirty years ago, when a small business needed to borrow money, an owner went to their local community bank and asked for a loan. Often, a handshake closes a loan. After which, the borrower either paid it back in a lump sum or by making term payments. The rule of 78s was used to compute interest on a 360-day basis. The process created a “one size fits all” loan. Today’s world is quite different, as big banks have consolidated, and many community banks have disappeared. FICO credit scoring and loan modeling has mostly replaced the relationship-based loan officer. But there

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Healthiest and Weakest Small Businesses Use Technology the Most

There’s a striking bifurcation among small businesses regarding how much they value technology and their financial performance. According to a survey conducted in June, small business owners who expected their revenues for 2010 to increase by more than 25 percent over the prior year, as well as those who thought their revenues would decline by more than 25 percent, value technology (software, websites, social media)  at the same level of intensity. The survey of 1,200 small business owners was conducted by the Guardian Life Insurance Company of America. In other words, owners of healthy companies and of firms on the

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Lenders Positive About 2011 in Face of Dim Economic Outlook

“I am far more optimistic looking ahead to 2011 than I was in 2010,” says Dan Karas, managing director at Marquette Finance Co. The first six months of 2010 were “incredibly challenging,” he says, as clients worked to improve their balance sheets amid a sluggish economic recovery. “We have not seen a significant uptick in sales across our portfolio,” says James Cannella, president of asset-based lending at Huntington National Bank. “Our clients have cut expenses to return to profitability, but we don’t see any trend to gains in revenue.” While 2010 was what Jon Anselma, managing partner at Paragon Financial

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Gas Price Rise May Thwart Economic Recovery

One oil expert warns fuel could go from $3 to $5 a gallon by 2012.  Gas prices are spiking again, setting off new fears for the economy even as it heads toward recovery. Gasoline costs $3.13 a gallon in Metro Detroit and Michigan. This is up 23 cents from last month and 46 cents or 17 percent from a year ago. Said information is according to AAA Michigan. It’s the highest price in more than two years — since mid-October 2008. The economic recovery could spark demand for oil worldwide, pushing it past $5 a gallon by 2012, former Shell Oil

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