The US Small Business Administration (SBA) has distributed $44.8 billion in funding to small businesses across the country through 61,000 loans in fiscal year 2021.
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Tag Archives: Small business
PA Senate passes bill allowing businesses a higher tax deduction on new equipment
A bill that would allow Pennsylvania businesses to claim tax deductions of up to $1.05 million for the purchase of new equipment passed the state Senate in a 31 to 19 vote and is now headed to the House.
Read More »Don’t waste the opportunity to plan your exit strategy now
Business owners are facing a number of new challenges. Labor shortages, health mandates, government regulations and increasing taxation. But I propose the largest challenge facing business owners right now is their eventual exit from the business.
Read More »How small businesses benefit from partnering with local banks
Over this past year, during the COVID crisis, many bank lobbies have been shuttered, making neighborhood banking seem like a thing of the past. But for small business owners, this crisis has brought home just how important it can be to have a strong partnership with a local bank.
Read More »Business owners, take time to plan the future
It is fairly obvious that successful business owners must be good at what they do, or they would probably not be successful. But can a small business owner really expect to learn and know how to do all things related to running their company?
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Customers Bank turns to fintech to help small businesses with PPP loans
During the first round of Paycheck Protection Loans last year, Customers Bank of West Reading was able to assist in more than 100,000 PPP loans totaling more than $5 billion.
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Shop owners hope Christmas sales clear up COVID-19 woes
Some are adapting to holiday shopping during COVID-19, trying new ways to bring in business. Others say they are sticking to their tried-and-true business model and hoping loyal shoppers will still support them.
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COVID-19 leaves its mark on 2020 tax planning strategies
Now is the time of year when companies start their tax planning, but as with just about everything, the COVID-19 pandemic has created obstacles to normal tax-planning efforts.
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Easton seeing post-shutdown interest in city storefronts
To be sure a number of valuable Easton businesses are now closed for good or moved out of the downtown, but it’s not all bad news.
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Bethlehem business leaders launch #BacktoBethlehem campaign
As the Lehigh Valley begins the yellow phase of the state’s COVID-19 reopening plan, merchants and restaurants in Bethlehem want people to know they’re open for business and safe to visit.
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