News from the SBA Micro Team

From the SBA Microenterprise Development Branch. PRIME Program As you are probably aware by now, the Agency received zero funding for 2013 PRIME grants. This means: there will be no application process for new PRIME grants; there will be no renewal or option year process for existing PRIME grants; funds that were awarded under the

CAMEO’s 2013 Congressional Briefing

Washington, DC – Big business is not creating jobs as in the past. The government is cutting back on jobs. So who will create the jobs of the future? It’s the 26 million micro-business owners that make up 88% of the country’s businesses – the Do-It-Yourselfers are creating their own jobs and starting their own

Lucas & Marcia, Universal Art Gallery

Lucas and Marcia Da Silva, owners of the Universal Art Gallery in Los Angeles, have been in the custom art framing business for 16 years, and were facing an all too familiar problem: the need to expand versus the fear of an uncertain economy. With the help of VEDC and a Citywide Small Business Loan the Da Silvas were able to purchase new equipment allowing them to expand their business.

Monday Kiva Loans

Good morning, CAMEO members and friends! As you may have heard, CAMEO has launched a collaboration with Kiva to increase crowdfunded microloans in California. Three CAMEO members — Accion San Diego, Opportunity Fund and Valley Economic Development Center — are already certified Kiva lenders, and now Fresno CDFI, Pacific Asian Consortium in Employment (PACE) and Working Solutions have joined. Each Monday, we’ll be highlighting the loans our members are currently funding here on microbiz.org. If you’re interested in supporting any of the following loans, simply click on the links provided, and Kiva will handle the rest. Don’t forget to join the CAMEO lending team first!

Support Indie Biz

Happy 4th! Support Independent Biz CAMEO Opportunities – Survey and Communications The Goodies – This week’s highlight includes a BALLE Community Capital Webinar: Capital, Coaching, & Connection presented by none other than Claudia Viek on Tuesday July 9, 2013 at 10:00am PT. Support Independent Biz This Fourth of July, I’m highlighting some data for you

Student Debt and Small Biz Creation

From a May 18, 2013 report by the Consumer Financial Protection Bureau. Entrepreneurship and Small Business Formation Commenters suggest that rising levels of student debt may have discrete impacts on American small business formation. According to these comments, student debt may suppress risk-taking and innovation by discouraging the formation of new businesses by young entrepreneurs.

CFRC is Only IDA Program in LA

Community Financial Resource Center (CFRC) has offered Individual Development Accounts (IDA) since 2000 and since then participants have been awarded over $872,000 in grants and they have saved over $312,398. According to them, it is the only IDA provider in the Los Angeles County. (Email us if you know of others.) CFRC can be a

Obamacare Delay Won’t Affect SmallBiz

From our friends at Small Business Majority Most Small Businesses Won’t be Impacted by Delay in Healthcare Law’s Employer Responsibility Requirement Tuesday, July 2, 2013 Statement by Terry Gardiner, Vice President, Policy & Strategy of Small Business Majority, about the Obama Administration delaying until 2015 requirements that employers with more than 50 employees offer health

Unita Parnell, Caribbean Day Spa

From a young age, Unita Parnell knew that she wanted to take a different path. “I had no footprints to follow,” Unita shared about her childhood. “Many people around me lacked the motivation to boost their own economic situation, choosing to not further their education nor pursue avenues of self-improvement.”