Archive for the ‘Business News’ Category
Great Interest Rates on Business Loans
May 16th, 2013
Here are the latest rates from Prairieland EDC:
SBA 504 Rates
- 20 year effective rate 4.15%
- 10 year effective rate 3.61%
- 20 year note rate 2.11%
- 10 year note rate 1.14%
Can the Prairieland EDC for more details: 800-507-9003
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Local business for sale
May 7th, 2013
Well established business offering beautiful gifts and home décor for over 15 years. Located in downtown Dawson, MN amongst many other unique shopping destinations.
Owner retiring – available immediately. Serious inquires only. Contact Pam Lehmann at the LqP EDA at 320-598-7976 or 320-226-2238.
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DEED Debuts New Blog: Minnesota Business 101
May 3rd, 2013
The Minnesota Department of Employment and Economic Development has just launched a new blog — Minnesota Business 101 – to provide practical guidance for aspiring entrepreneurs and new business owners in Minnesota.
Minnesota Business 101 will focus on helping new business owners navigate through DEED’s Guide to Starting a New Business in Minnesota. The blog touches on topics ranging from how to organize and register a business to licensing, regulations and financing. Minnesota Business 101 will also include videos offering expert guidance from DEED consultants, advice from Minnesota small-business owners, and small business profiles.
The blog will be updated every Monday. Find it at http://mnbusiness101.wordpress.com/.
For more information on Minnesota Business 101, contact Madeline Koch, Communications Director, 651-398-9459, madeline.koch@state.mn.us.
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Venture Capital Firms Profit from Funding Women-led Businesses
April 19th, 2013
We wanted to share information from this recent report from the SBA…
Venture capital firms that invest in women-led businesses see positive returns, says a new report issued today by the U.S. Small Business Administration (SBA) Office of Advocacy. The report, called Venture Capital, Social Capital, and the Funding of Women-led Businesses, focuses on women entrepreneurs’ access to equity funding and how social networks influence venture capital firms’ decisions to invest. In the report, the authors, Joy Godesiabois and Lawrence Plummer, find that social capital (“who you know and how you know them”) affects funding of women-led firms in different, sometimes conflicting ways.
Venture capital firms tend to invest with familiar social networks that may not include women entrepreneurs. Yet this study shows that when venture capital firms do invest in women-led businesses, they generally improve their bottom line. And venture capital firms that regularly invest as a group in the same businesses tend to invest more often in businesses led by women entrepreneurs, according to the report.
“As investors look for new opportunities, and as we focus on ways to grow our economy, we should look to women entrepreneurs for a good share of new growth,” said Dr. Winslow Sargeant, Chief Counsel for Advocacy. “Policies that encourage venture capital networks to be more inclusive will create the environment for new high-growth innovative businesses.”
The Office of Advocacy, an independent office that serves as the voice for small business within the federal government, sponsored the report. The full report is available on the Office of Advocacy website at http://www.sba.gov/advocacy/7540.
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