Wednesday, November 07, 2012

Election/ SBA Venture Capital Program/Independent Contractors

Tomorrow I will be speaking to a group of woman small business owners about the election. The topic will be how it impacts small business on a National and State basis.

What are the your thoughts? Do you think that given the results we are facing more gridlock at both the National and State level? Did the passage of Prop 30 signal a willingness of Californians to pay more taxes?

The SBA licensed Small Business Investment Companies provided about $3 billion in funding to 1094 small businesses in fiscal 2012 ending September30. This is a 14 % increase compared to the previous year.

The SBA provide $1.92 billion in loan guarantees to SBICs in 2012 and these 301 firms raised $1billion in private capital.

The SBA issued 30 new SBIC licenses in 2012 compared to 22 the prior year.

Venture capitalist overall invested $6.5 billion in 890 deal during the third quarter down 11%.

This is a real turnaround as SBICs declined from 2005 to 2010. Thanks Kent for this story

This may sound like a silly question but I have purpose in asking. Do you hire Independent Contractors? When you answer I will tell you why this is important.

Scott Hauge


Small Business California

2311 Taraval Street

San Francisco, CA 94116


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