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NEW YORK, NY – August 11, 2015 -- Accesswire - Aquinox Pharmaceutical Inc. (NASDAQ: AQXP) a clinical-stage pharmaceutical company, engaged in discovering and developing targeted therapeutics for diseases in the areas of inflammation and immuno-oncology, recently released its second quarter 2015 financial...
We had a chance to spend some time talking with experienced entrepreneur and business creator, Ben Rines.  He is the creator and developer of Balloon Training Institute the most comprehensive hands-on Classic...
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Small Businesses in Eleven States and DC to Benefit from New Lending Initiative
8 Sep 11 Posted by: Kathleen C Lanza
in Featured Articles

If you’re a small business owner in one of eleven key states or the District of Columbia, you may be able to benefit from a recent lending initiative announced by the U.S. Department of the Treasury.  Designed to spur private-sector job growth, the State Small Business Credit Initiative (SSBCI) will support small-business lending programs in the following approved states:  Alabama, Florida, Idaho, Iowa, Louisiana, Mississippi, Ohio, Oregon, Tennessee, Texas, Virginia and Washington, D.C.

These states and the District have access to a total of $360 million in SSBCI funds, according to a recent Treasury statement.  It is expected that this amount will result in private lending of as much as $3.6 billion, as in order to gain approval the recipients of these funds have demonstrated “a reasonable expectation that every $1 of federal funding will generate a minimum of $10 in new private lending.”

SSBCI is a significant part of the Small Business Jobs Act, which was signed into law by the current President just last fall.  “These funds will provide critical support to state-level programs that help expand small-business lending and spur private sector job growth,” said Deputy Secretary of the Treasury Neal S. Wolin.  “Unlocking credit for small businesses will provide a powerful boost for investment and job creation in local communities across the country.”    

According to the statement, overall federal funding for the program is $1.5 billion, which is expected to yield $15 billion-plus in additional private funding to small businesses across the country.  All states have been offered the opportunity to participate and are eligible once approved to receive “federal funds for state-run programs that partner with private lenders and investors to increase the amount of credit available to small businesses.”

For more detailed information on how the eleven states and the District of Columbia plan to use these newly allocated resources to benefit small businesses like yours, go to:

http://www.treasury.gov/press-center/press-releases/Pages/tg1278.aspx

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15 Aug 15 Posted by: admin
in Featured Articles
NEW YORK, NY – August 11, 2015 -- Accesswire - Aquinox Pharmaceutical Inc. (NASDAQ: AQXP) a clinical-stage pharmaceutical company, engaged in discovering and developing targeted therapeutics for diseases in the areas of inflammation and immuno-oncology, recently released its second quarter 2015 financial...
Live On Your Own Terms
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We had a chance to spend some time talking with experienced entrepreneur and business creator, Ben Rines.  He is the creator and developer of Balloon Training Institute the most comprehensive hands-on Classic...
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29 Jul 15 Posted by: admin
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Live On Your Own Terms
15 Jul 15 Posted by: admin
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It’s not the end of the world when your Internet connection fails. With Internet business, opportunity to get things done offline is hard to find. So look at downtime as a heaven-sent opportunity to leave virtual reality behind and touch base with your real reality. Being offline shouldn’t affect...
Live On Your Own Terms
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America has long been seen as the Land of Opportunity. That was true from the time of the Pilgrim fathers and the founding of the United States. After religious freedom, the biggest draw in America was the chance to own land. This immediately opened up a wide range of business opportunities for citizens...
Live On Your Own Terms
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We had a chance to spend some time talking with experienced entrepreneur and business creator, Ben Rines.  He is the creator and developer of Balloon Training Institute the most comprehensive hands-on Classic...
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