Wednesday, June 17, 2009

News from the Council for Women Owners

Three News Flashes:

In Need of Short-Term Capital?

According to the National Women's Business Council Newsletter issued on June 16th, if you are in need of a loan you may be interested to know that on June 15, the U.S. Small Business Administration (SBA) launched a new loan program to assist small businesses in need of short-term capital. “The America's Recovery Capital (ARC) Loan Program will provide deferred-payment loans of up to $35,000 available through SBA's 7(a) participating lenders. ARC Loans are interest-free to the borrower, 100% guaranteed by SBA to the lender, and have no fees associated with them.”

Interested in International Markets?

The National Women’s Business Council, is cooperating with the Overseas Private Investment Corporation and the Minority Business Development Agency to promote two “Expanding Horizons workshops,” one on September 24, 2009, in Boston, MA, and the second on October 22, 2009, in St. Louis, MO. Both workshops are geared to obtaining assistance for minority and women-owned small businesses in participating in the global marketplace.


Check out the American Recovery and Reinvestment Act (ARRA) of 2009 for potential tax savings in 2010.

The U. S. Department of Energy website http://www.energy.gov/taxbreaks.htm is constantly updated on the array of tax incentives for consumers and business owners under the new revision of the “American Recovery and Reinvestment Act of 2009 which extended tax incentives originally introduced in the Energy Policy Act of 2005 (EPACT) and amended in the Emergency Economic Stabilization Act of 2008 (P.L. 110-343). Businesses, utilities, and governments are also eligible for tax credits.”

Information and updates at the Department of Energy site on tax credits based on information from ENERGYSTAR.gov and IRS.gov