SBA Announces Joint Initiative with United Technologies Corporation

The U.S. Small Business Administration (SBA) released a statement by Administrator Linda McMahon about their new strategic joint initiative with United Technologies Corporation (UTC), a Connecticut-based company. UTC announced that it plans to hire 35,000 new employees, invest $15 billion in the United States over the next five years, and spend $75 billion for its U.S. suppliers, with $19 billion going to small businesses.

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Natural Disasters: Know the Resources

From the hurricanes that hit Texas, Florida and Puerto Rico, to the wildfires that consumed parts of California’s Wine Country, this year has been fraught with catastrophic natural disasters which have uprooted countless Americans from their stable lives. These disasters, also including tornadoes, hail storms, droughts, cyclones and floods, destroyed properties, businesses, communities, cities and United States territories;  left families and their pets without shelter, food, utilities and vulnerable to disease; and caused hundreds of deaths and casualties.

The National Oceanic and Atmospheric Administration (NOAA) reports that 15 weather and climate disasters in the U.S. have each caused over $1 billion in damages in 2017 alone. These events have resulted in the death of 282 people and have had consequential economic effects in the locations affected. As of October, the costs for the major hurricanes—Hurricanes Harvey, Irma and Maria—are still being calculated.  An article from USA Today, however, estimates that Hurricane Harvey will reach at least $190 billion in damages.

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Renters and Homeowners Eligible for SBA Disaster Loans

From the hurricanes that hit Texas, Florida and Puerto Rico, to the wildfires and mudslides that devastated parts of California, the past year has been fraught with catastrophic natural disasters which have uprooted countless Americans from their stable lives. All victims of declared natural disasters—businesses, private nonprofits, homeowners and renters—are able to apply for low-interest disaster loans from the U.S. Small Business Administration (SBA) to help them recover. Renters and homeowners do not have to own a business to apply.

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SBA Grants Puerto Rico $1 Billion in Disaster Loans

The U.S. Small Business Administration (SBA) announced today that is has approved over one billion U.S. dollars in low-interest disaster loans for over 28,000 Puerto Rico residents and businesses to help them recover from Hurricanes Irma and Maria. The deadline for filing for physical property damage is March 20, 2018. The deadline for economic injury loan applications is June 11, 2018 for Hurricane Irma, and June 20, 2018 for Hurricane Maria.

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SBA Grant Helps Houston Create 300 Small Businesses

The University of Houston has received a $2.3 million continuation grant from the U.S. Small Business Administration (SBA) to help them create 300 new small businesses in Houston, Texas. The recipients of the award—Bauer College’s Small Business Development Center—services around 10,000 businesses a year in 32 counties along the Gulf Coast.

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Free SBA HUBZone Webinars for Small Businesses

From February to mid-March, the U.S. Small Business Administration will offer small businesses a free six-part, webinar series to help them utilize its Historically Underutilized Business (HUB) Zone Program. Each webinar will include an hour of important tips on how businesses can grow their bottom line by making the most of their available resources.

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Post-Crisis Small Business Bank Lending at a Slow Crawl

A recent report from the U.S. Small Business Administration (SBA)’s Office of Advocacy assesses changes in bank lending to small businesses in comparison to levels during the financial crisis. Following a review of banks of varying sizes and financial health, findings reveal a slow recovery in the small business loan market and a more pronounced growth in the total business loan market.

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November 24, 2017 Deadline for Hurricane Irma Disaster Assistance – No Application Costs – No Payments for One Full Year!

At absolutely no cost to apply, no payments for the first year, and an interest rate as low as 1.75 percent, Florida residents and businesses affected by Hurricane Irma are encouraged to apply for U.S. Small Business Administration (SBA) Disaster Assistance. For those impacted by natural disasters, the SBA offers low-interest loans to homeowners, businesses of all sizes, renters and even nonprofits. Don’t wait to hear from other disaster assistance, apply today before the deadlines—November 24, 2017 for Physical Damage, and June 11, 2018 for Economic Injury!

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Jumpstarting Your Career & Business in the Housing Ecosystem

As a professional in the housing ecosystem, it is crucial to think outside the box and utilize the resources at your disposal to grow and advance your business and career. Analyzing your market, familiarizing yourself with the competition and crafting a superior business plan are great first steps, but pioneering decisions are what will make or break you in the market.

Adapting to the changing times, leveraging your differences, preparing for the future of the market and surrounding yourself with people invested in your success will help you seize opportunities for advancement.

Balancing New School and Old School
If you consider your favorite products, are they the “best” or the most inexpensive choices on the market? Or, have you developed a relationship with a particular brand that you buy because it has done right by you? Similar to your preferred items, your business can become the go-to for customers.
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