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SBA Loan for Growth of Small Businesses

Reports have it that in America alone, small businesses are currently employing the largest workforce. Truly, they are creating the largest job opportunities around the globe. Every economy depends largely on small businesses. Given the right incentives in terms of capital, these businesses can greatly turn around the economy.

SBA (Small Business Administration) is currently in the news for a good course as it is providing loans to small businesses. Through its online marketplace, SBA is helping borrowers to access capital from major lending institutions across all the 50 states. Some lenders who have come on board include Kabbage, Biz2Credit, and On Deck Capital. These and several others are currently lending through the online market platform.

The latest from the outfit of SBA is the giving of incentives that are geared towards licensing of new companies focused on investing in small businesses. This is seen as supporting the Obama initiative of Start-up America. This is one way of involving the private sector to invest in small businesses for profits.

This incentive applies to only companies that have failed in achieving any meaningful cash flow over the years. The SBA loan is therefore seen as a way of winning confidence from key lending institutions. This offers a cushion to individual business people who the banks feel are high-risk borrowers and need some form of guarantee.

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7-Eleven Purchases Tedeschi Convenience Store Chain

After months of speculations, the much-awaited purchase of local Boston-based convenience store chain, Tedeschi, has come to pass. The purchase was done by 7-Eleven according to the latest press release. Tedeschi purchase terms are yet to be made public. One thing that is, however, clear is that the change of hands of this old prestigious Italian owned food store chain will be done by mid-June, 2015.

According to insiders, Tedeschi now joins other 55,000 7-Eleven outlets in different locations across the globe. The good news for the employee, according to the press release, is that some will be joining 7-Eleven existing staff. The convenient food store chain was founded in 1923 by Angelo Tedeschi. The original outlet, based in Rockland, sold cheese and meat. This legacy and concept is still maintained by the current CEO, Peter, who is Angelo Tedeschi’s grandson. He has never lost focus nor been the least swayed in sticking to this legacy.

According to Stan Reynolds, the executive vice president, the choice for Boston as a location is based on three pillars: high performance, exponential volumes and conforming to local real estate status. There are however other factors apart from these main ones. The Dallas-based 7-Eleven also boasts of more than 10,500 stores spread across North America as well as their 164 franchises that operate in New Hampshire and Massachusetts.

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Family Business Helps Boston Marathon Amputees

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