The Small Business Administration is looking to streamline the application process for the 504 and 7(a) programs. Changes would include eliminating the personal-resource test, revising a rule on affiliation and eliminating the "nine-month rule" for 504.
At Deere's annual stockholders meeting, CEO Samuel Allen said, "Deere's domestic manufacturing operations are efficient, profitable and growing -- and we're committed to keeping them that way." He also spoke of finding success in a variety of market conditions and of competing in an array of global markets. Before the meeting, the board of directors agreed to raise the dividend on common stock from 46 cents to 51 cents per share. This marks the 11th dividend increase since 2004.
Small businesses have much to worry about with the "fiscal cliff," writes Kris Roglieri, president and founder of Prime Commercial Lending and Commercial Capital Training Group. Increased taxes on higher-income individuals will affect small businesses that declare profit on the owner's personal tax return. Lower small-business expense limits also will have a negative effect.