Independent Thinking Blog

SBA’s Johns on “3 Cs,” New Loans for Entrepreneurs

At Friday’s GrowSmartBiz*¬†conference, SBA Deputy Administrator Marie Johns talked about her agency’s “3Cs” and highlighted new legislative help for small business owners.

Talking about the 3Cs, Johns said that the Small Business Administration focuses on:

  • Contracting (helping small businesses get government contracts).
  • Capital (notably partial guarantees on small business loans).
  • Counseling (through a network of resource partners, including SCORE).

Johns also highlighted some key provisions of the new Small Business Jobs Act. Most notable for many independents and (truly) small business owners are (1) 100 percent deductibility of health care costs, and (2) an increase in the size of microloans for entrepreneurs (from $35,000 to $50,000).

Also of note: SBA is unveiling a redesigned Web site on November 16. One look at the current site will tell you why this is a very good idea.

*Disclosure: Comped admission; but choice to blog and what to write about are all me.

Photo by Shashi Bellamkonda, Social Media Swami, Network Solutions (Flickr).

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