Readout of Roundtable on Capital Access for Small Businesses

Yesterday, the Administrator of the Small Business Administration (SBA) Isabel Guzmán, the Deputy Secretary of the Treasury Wally Adeyemo, American Rescue Plan Coordinator Gene Sperling, and Deputy Director of the National Economic Council Bharat Ramamurti were joined by US Senator John Hickenlooper (D -CO) and small business leaders, advocates, and mission lenders with particular expertise in reaching minority small businesses to discuss the Biden-Harris Administration’s small business agenda to expand capital access, including newly proposed rules from the SBA and historic investments by the Treasury Department in CDFIs. The group includes non-profit mission lender groups, Community Development Financial Institutions (CFIs), […]

Readout of Roundtable on Capital Access for Small Businesses

Yesterday, the Administrator of the Small Business Administration (SBA) Isabel Guzmán, the Deputy Secretary of the Treasury Wally Adeyemo, American Rescue Plan Coordinator Gene Sperling, and Deputy Director of the National Economic Council Bharat Ramamurti were joined by US Senator John Hickenlooper (D -CO) and small business leaders, advocates, and mission lenders with particular expertise in reaching minority small businesses to discuss the Biden-Harris Administration’s small business agenda to expand capital access, including newly proposed rules from the SBA and historic investments by the Treasury Department in CDFIs. The group includes non-profit mission lender groups, Community Development Financial Institutions (CFIs), […]

How to choose the best bank for a small business loan: 6 steps

Small businesses typically need a steady cash flow to succeed. But ebbs and flows in business, along with opportunities to grow, mean businesses sometimes need an infusion of cash. One way to get additional capital is by securing a small business loan. While there are many types of lenders small business owners can turn to, many prefer to work with a traditional bank. Banks offer hands-on, in-person service. If that’s your philosophy, read on to learn what to consider when researching the best banks for business loans. Key takeaways Larger banks tend to offer the widest range of business loan […]

WeBC offering free webinar to teach business owners how to sell to government – Kelowna News

Learn to sell to government Photo: Contributed Kelowna-based WeBC has joined with Procurement Assistance Canada to launch a new initiative aimed at helping businesses become suppliers for the federal government. The collaboration seeks to demystify the process of selling to the Government of Canada, which is the country’s largest buyer. A significant portion of those goods and services are purchased from small and medium-sized businesses. The free four-part webinar, called Bidding on Government Contracts: Tips for Small Businesses, will begin on July 13 and run until Aug. 24. The initiative includes a series of interactive sessions offering step-by-step guidance on […]

Safety Buzz Campus wins provincial Small Business of the Year award

Photo Courtesy Safety Buzz By Chris Brown Jul 2, 2023 | 9:00AM MEDICINE HAT, AB – A local company won a major award at the Alberta Business Awards of Distinction in June. Safety Buzz Campus, a leading provider of safety education and mentorship services in southern Alberta, was recognized as the Small Business of the Year. Owners Amy Zuk-Olsen and Sheldon Olsen say their mission has always been to serve the corporate sector and non-profit organizations and promote home safety for youth and individuals. Over 20 years in business, Safety Buzz Campus has cultivated a strong reputation as a trusted […]

Empowering Business with Real-time Insights

In today’s fast-paced business landscape, staying ahead of the competition requires more than just intuition and experience. It demands data-driven decision-making powered by real-time insights. The ability to harness the vast amounts of data generated by modern enterprises is a game-changer, enabling organizations to make proactive, informed choices that drive growth and success. The Business Analytics Course equips professionals with the skills to harness real-time insights and make data-driven decisions, empowering businesses to stay ahead in a rapidly evolving landscape. This article explores how real-time insights are empowering businesses and revolutionizing their approach to decision-making. The Rise of Real-Time Insights […]

This CEO wants small business owners to ditch the receipt shoebox

To Xero CEO Sukhinder Singh Cassidy, small business owners are among the biggest hustlers in the world — who also happens to be incredibly paranoid about anything going wrong. They have good reasons to be. The margins in a gas station, convenience store, or — in the case of Singh Cassidy’s parents — a medical practice aren’t always high. Recruitment is always a struggle. And when sales are down, many small business owners can’t turn to venture capital or a well-timed merger to bail them out of trouble. “They live and die by cash,” Singh Cassidy explains. As such, he […]

How growing businesses secure financing in today’s tough economy

Open this photo in gallery: Currently, financing rates are steep for small and mid-sized businesses, but shopping around can help businesses find the assistance they need.Getty Images When Katerina Juskey and Victoria Mierzwa launched candle company LOHN in February, 2020, it was challenging enough to manufacture and market at the beginning of a pandemic. Now, like so many small and medium-sized businesses (SMBs) in Canada, the big challenge is financing as they continue to expand. “The financing options can be pretty stark. We’ve been banking with the same bank for the last five years and we haven’t been able to […]

Succession challenges loom for aging business owners

Open this photo in gallery: Domenic Masellis installs new windows in a house in Toronto on June 29.Galit Rodan/The Globe and Mail The past few years have been a busy time for Domenic Masellis. Masellis Aluminum, the door-and-window-installation company he runs with his brother in Markham, Ont., rode the pandemic’s home-renovation boom. Customers who were stuck at home with extra cash plowed that money into major renovation projects. Mr. Masellis said he’s been doing this work since 1986, and he’s started to think about winding it down in a few years. “I’m 60 now,” he said, adding that the work […]

Allyship at Work | She Owns It

Let’s talk about the new buzzword of the corporate world: allyship. Though you’ve probably heard a lot about it in recent months, it’s for good reason. Allyship is all about building and improving upon your relationships with marginalized groups, and it’s becoming increasingly crucial in the modern business landscape. Harvard Business Review even noted DEI improvement efforts as one of their nine tips for businesses this year. Not only does allyship help to increase diversity and productivity, but it also leads to lower employee turnover. Companies prioritizing allyship and inclusion in their work cultures have better employee retention rates, improved […]