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BUSINESS
October 10, 1994 | From Times Staff and Wire Reports
Export Outreach Center: The Export Small Business Development Center will open an outreach center in El Monte on Thursday to help San Gabriel Valley businesses interested in foreign trade become better at building export markets. The Export SBDC was formed three years ago to help small businesses throughout Southern California increase exports. The program is a partnership involving the Small Business Administration, the California Trade and Commerce Agency and the Export Managers Assn.
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BUSINESS
March 27, 2014 | By Jim Puzzanghera
WASHINGTON - The Senate confirmed Maria Contreras-Sweet, a former California official who founded a Los Angeles community bank, to head the federal Small Business Administration. Contreras-Sweet was approved Thursday by voice vote to the Cabinet position, which helps small businesses with loans and other assistance. She takes over for Karen Mills, a former venture capitalist who stepped down as the agency's administrator last year. President Obama said Contreras-Sweet "understands what it means to start a small business" and has "a proven track record of helping other small businesses succeed.
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BUSINESS
April 12, 1993 | SUSAN CHRISTIAN, Times staff writer
The Small Business Administration's office in Santa Ana helps Orange County small companies compete against large corporations. Last year, the office guaranteed $150 million in loans to companies here. The SBA also counsels entrepreneurs trying to start new businesses and links venture capital investors with small businesses. Steve Waddell, 49, has been the office's district director since 1988.
BUSINESS
February 11, 2013 | By Jim Puzzanghera
WASHINGTON -- Karen Mills, the former venture capitalist who has headed the Small Business Administration for the past four years, is stepping down, the White House said Monday. In a message to the agency's staff, Mills said she would stay until a successor is confirmed by the Senate. "Four years ago, when I arrived at the SBA, America's small businesses and entrepreneurs were struggling in the face of the worst economic environment since the Great Depression - and a banking sector that was frozen," Mills said.
BUSINESS
March 10, 1989 | JANE W. APPLEGATE, Times Staff Writer
Six Southern Californians have been named national small business advocates in a nationwide competition sponsored by the Small Business Administration. "Advocates of the year are individuals who have used their professional expertise and personal talents to further the understanding and awareness of small business in their community, their state and the U.S.," said Michael Howland, acting regional director for the SBA in San Francisco.
BUSINESS
January 14, 2012 | By Jim Puzzanghera, Los Angeles Times
Small businesses scored a victory when President Obama said the head of the federal agency that provides them with loan guarantees and other assistance would begin attending Cabinet meetings. Karen Mills, who leads the Small Business Administration, "is going to make sure that small-business owners have their own seat at the table in our Cabinet meetings," Obama said Friday. His announcement was welcomed by small business advocates. For more than three years, they had been urging Obama to elevate the SBA administrator to Cabinet rank, the same top status as in the Clinton administration.
BUSINESS
February 11, 2013 | By Jim Puzzanghera
WASHINGTON -- Karen Mills, the former venture capitalist who has headed the Small Business Administration for the past four years, is stepping down, the White House said Monday. In a message to the agency's staff, Mills said she would stay until a successor is confirmed by the Senate. "Four years ago, when I arrived at the SBA, America's small businesses and entrepreneurs were struggling in the face of the worst economic environment since the Great Depression - and a banking sector that was frozen," Mills said.
BUSINESS
February 12, 2011 | By Sharon Bernstein, Los Angeles Times
A new federal loan program signed into law five months ago to help small businesses refinance the mortgages on their buildings could help save thousands of firms. If only the program could get started. Businesses can't apply for the loans or even determine if they qualify for them until the Small Business Administration releases rules for the program. The wait is not only problematic for stressed businesses, it's also eating up time. As passed by Congress, the program runs for two years ?
BUSINESS
July 14, 1992 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
In the late 1970s and early 1980s, it seemed that new San Diego County banks were being chartered every week. A decade ago, there were 40-plus independent local banks. But deregulation coupled with the problems of the financial services industry during the 1980s exacted a heavy toll. After a spate of mergers and failures, only a couple of dozen local banks remain. One of the battle-hardened survivors is Bank of Commerce, a smallish (current assets: $132.
BUSINESS
February 16, 2009 | Cyndia Zwahlen
While politicians in Washington tinkered with the final compromise version of the $787-billion economic stimulus bill Thursday night, Alonso Arellano was working late in his office, putting the final touches on his own economic stimulus package. His bid to boost consumer spending was to launch the next day, when lunch customers at his La Adelita restaurant in Sun Valley could pay just $4.99 for a scaled-down serving of chili rellenos, chicken mole, chili verde, beef stew or other popular dishes.
BUSINESS
October 11, 2012 | By Dalina Castellanos, Los Angeles Times
Small businesses in the Western region that includes California took out more U.S.-backed loans than ever during the government's last fiscal year, but they didn't spend much of it in a way that generated new jobs, analysts said. The Small Business Administration said companies in the region, which also covers Arizona, Nevada, Hawaii and Guam, borrowed $6.7 billion in loans guaranteed by the agency. Firms in Los Angeles, Ventura and Santa Barbara counties took out loans totaling $1.5 billion, which the SBA called a "robust" amount.
BUSINESS
January 14, 2012 | By Jim Puzzanghera, Los Angeles Times
Small businesses scored a victory when President Obama said the head of the federal agency that provides them with loan guarantees and other assistance would begin attending Cabinet meetings. Karen Mills, who leads the Small Business Administration, "is going to make sure that small-business owners have their own seat at the table in our Cabinet meetings," Obama said Friday. His announcement was welcomed by small business advocates. For more than three years, they had been urging Obama to elevate the SBA administrator to Cabinet rank, the same top status as in the Clinton administration.
BUSINESS
February 12, 2011 | By Sharon Bernstein, Los Angeles Times
A new federal loan program signed into law five months ago to help small businesses refinance the mortgages on their buildings could help save thousands of firms. If only the program could get started. Businesses can't apply for the loans or even determine if they qualify for them until the Small Business Administration releases rules for the program. The wait is not only problematic for stressed businesses, it's also eating up time. As passed by Congress, the program runs for two years ?
BUSINESS
October 15, 2010 | By Sharon Bernstein, Los Angeles Times
More accustomed to allocating money by the million, the federal government is stepping up efforts to make loans as small as a few hundred dollars to some of the nation's tiniest companies. The goal is to create jobs, one little loan at a time. "In this environment, every job is crucial," said Eric Zarnikow, who helps run the Small Business Administration's loan programs. For every loan, he says, 11/2 jobs are created or retained. In Southern California, these so-called microloans will help a San Fernando Valley dental laboratory hire an assistant to make crowns and bridges and will enable an Orange County woman to sell gourmet ice cream sandwiches from a used food truck.
BUSINESS
October 4, 2010 | By Sharon Bernstein, Los Angeles Times
After months of frustration and delays, small-business owners in Southern California are finally getting long-awaited loans to hire new workers and expand their operations. Money for loans backed by the Small Business Administration, but held up for weeks in Congress, is on its way. Just days after President Obama signed a $30-billion-plus package of incentives for small businesses, Southland bankers, bureaucrats and borrowers are scrambling to nail down the final details and get the money flowing.
BUSINESS
August 22, 2010 | By Sharon Bernstein, Los Angeles Times
The Small Business Administration offers a variety of assistance, including online workshops, seminars and classes. The agency also has step-by-step instructions for starting a business, including tips on market research and creating a business plan. The main national website has links to local SBA district offices throughout the country. Try them at http://www.sba.gov . Click on the tab labeled Small Business Planner for tips on what you may need to know before you start.
CALIFORNIA | LOCAL
July 24, 1992 | LAURIE BECKLUND, TIMES STAFF WRITER
A paperwork snafu has delayed by nearly three weeks the start of a city program to give "micro-loans" to riot victims whose loan applications have been rejected by the Small Business Administration, Los Angeles Deputy Mayor Linda Griego said Thursday. Under the program, applicants rejected by the SBA--including some who could not prove losses because paperwork had been burned in the riots--were to be funneled to City Hall, where they could receive loans of up to $75,000 each.
NEWS
October 25, 1989 | From Associated Press
The Senate today overwhelmingly passed a $3.45-billion relief package for earthquake-damaged Northern California which substantially expands aid approved by the House. By a vote of 97 to 1, the Senate approved the plan and sent it back to the House as part of a wide-ranging spending bill that must reach President Bush's desk tonight to keep the federal government from defaulting. Sen. Gordon J. Humphrey (R-N.H.) cast the only negative vote. Not voting were Sens. Edward M. Kennedy (D-Mass.
BUSINESS
March 17, 2010 | By Sharon Bernstein
At a repair shop for airplane propellers near Van Nuys Airport, Keith Hironaka bends over a long metal blade, smoothing its mottled surface and preparing it for inspection. His brother Glenn works a few feet away. Fifteen people depend on Executive Propellers for their jobs, and owner Eissa Shousha figures an additional 60 or so -- wives, children, aging parents -- rely on the salaries he pays and the health insurance he provides. But business is slow, as many owners of small planes have cut back on flying and put off refurbishing their aircraft in the recession.
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