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STRATiCOM Minnesota Startup and Small Business Consulting
Small Business Weekly Update

      April 28, 2009 

 
In This Issue
Microloans going mainstream
Pohlad Foundation Pledges Support for Small Business
Venture Capital firms raising fewer dollars
SBA misses deadlines
Small loans keep firms afloat
STRATiCOM Presents to Bremer Bank District Managers
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STRATiCOM is a fully integrated startup and small business management con­sulting company.

Our team of executives - experienced in the fields of Marketing, Human Resources, Finance and Information Systems/Technology - allow small busi­nesses to have a collection of seasoned professionals evaluate all aspects of a company.
 
Let us help you develop a coordinated approach to either launching your business, or improving your existing business's results.
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(612) 269-7300



Greetings:
Welcome to STRATiCOM's first Small Business Weekly Update newsletter. We are monitoring numerous news feeds, and summarizing the important stories for our network of business partners and clients.  Hopefully this will be a valuable tool, delivering content relevant to your interests.
 In an ever changing economic environment the latest news pertinent to small business owners and entrepreneurs is vast and at times overwhelming. A brief description of each article is followed by a link that covers the topic in depth.  At STRATiCOM we know the importance keeping up-to-date on the latest business news and developments and stand ready to partner with you. Let us know how we may be of assistance. From business and marketing plans to email marketing campaigns and web development, we have the expertise to help your organization.
 
Microloans going mainstream for small businesses: Microloans are helping to create jobs in San Francisco. Such loans, ranging from a few thousand to $50,000, are lubricating the region's small business engine even as traditional bank funding remains frozen. (San Francisco Business Times - April, 2009) 
  
Pohlad Family Foundation Pledges up to $20 Million to Support Small Business: Under the program, select small businesses can apply for funds to retain needed jobs or secure low interest loans to meet immediate capital needs or fund growth plans and services. (Reuters - April, 2009) 
  
Venture Capital firms raising fewer dollars: Fundraising for venture capital firms nationwide came in at $4.3 billion, according to Thomson Reuters and the National Venture Capital Association, down more than 39 percent from the year before. (Tampa Bay Business Journal - April, 2009) 
  
SBA misses deadlines on stimulus programs: The Small Business Administration has implemented only two of the eight provisions that were included in the economic stimulus bill to boost lending to small firms.(Atlanta Business Chronicle - April, 2009)
  
Small loans to keep troubled firms afloat:Under the economic stimulus package the Small Business Administration is offering guarantees of loans up to $35,000. Under this initiative the SBA will subsidize the interest on the loan for one year. (Washington Business Journal - Feb., 2009) 
  
STRATiCOM Presents to Bremer Bank's District Managers for Small BusinessSTRATiCOM was invited to present to Bremer Bank's Small Business District Managers in March.  STRATiCOM President, Paul Nicholas, was privileged to be part of an insightful give-and-take session.  It was a unique opportunity to find out - from one of the state's leading banking institutions - what it's like trying to help finance the growth of small businesses in the current economic climate.  Bremer is unique in the financial industry, maintaining impressive performance during a time when many banks are, to put it mildly, struggling. This strength allows Bremer to be a dependable resource for startup and small businesses looking for financial guidance and resources. The representatives from Bremer were given STRATiCOM's insights from working directly with small businesses that are finding it harder and harder to finance their operations while their markets are shrinking.  The group was also given STRATiCOM's Small Business Toolkit, including its publications "STRATiCOM's Guide to Starting a New Business in Minnesota"and "STRATiCOM's Business Assessment Tool" . Anyone interested in finding out more about Bremer's small business resources should contact their Executive Vice President of Community Banking, Gerald Kwapick, at gwkwapick@bremer.com.


 



 

 


 

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