David Wingate in Frederick MD Frederick, MD  David Wingate in Frederick MD 301-663-9230 David Wingate in Rockville MD Rockville, MD  David Wingate in Rockville MD 240-453-0070 David Wingate in Hagerstown MD Hagerstown, MD  David Wingate in Hagerstown MD 301-360-5949
Elder Law Office of David Wingate, LLC

Posts Tagged ‘2011 budget’

While many federal agencies will take a haircut in thThe Small Business Administration has emerged from the negotiations largely intact from Federal budget cuts.

If you are a small business owner, you may be pleased to learn that the Small Business Administration (SBA) dodged the budget-bullet last week. Despite bantering about a number of potential cuts, in the end, House and Senate negotiators agreed to restore the SBA appropriation to $433 million. The compromise spending bill includes a cut of 7 to 8 percent on total non-military discretionary spending. The SBA emerged, however, largely intact. Also, the business loan guarantee programs, which are financed through a separate account, also retained its 2010 funding of $236 million. Short-term, it looks like the SBA is still…

Read More »

Small businesses utilize the services of the Small Business Administration

If you and your small business utilize the services of the Small Business Administration, then you will want to follow President Obama’s budget proposals. The President’s 2012 budget proposal asks for $985 million for the SBA, a 45% reduction from last year’s budget, reports The Wall Street Journal. It’s not all bad news for business owners, though. Some of the savings, an estimated $20 million in fact, should come from the SBA’s efforts to streamline loan applications, re-engineering certification processes and generally making loan-management and accounting systems more efficient. It should be said, too, that the 45% reduction is not…

Read More »

MENU
Close
loading...