Small Business is our Business

Archive for October, 2012

Sources for Small Business Lending

SOURCES FOR SMALL BUSINESS LENDING in AUGUST 2012

Big Banks                                                      11%

Small Banks                                                  48%

Credit Unions                                               53%

Alternative Lenders                                    65%

Source:  Biz2Credit ‘s Small Business Lending Index for August 2012.   Biz2Credit is a network of 1.6 million users—lenders, credit rating agencies, service providers, and small businesses.

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MANAGING CASH FLOW

WHICH TOOLS ARE MOST USEFUL FOR MANAGING CASH FLOW AMONG SMALL BUSINESS OWNERS?

Online Banking                    72%

Direct Payments                 40%

Electronic Invoicing           29%

Online Payroll Services     28%

Mobile Banking                   21%

Remote Deposits                 18%

Online Tax Services            15%

Mobile Deposits                  12%

None, I don’t need them    11%

Mobile Merchant Services  9%

 

Source: Bank of America Small Business Owner Report, May 2012.

WORKING FROM HOME ON THE RISE

Metropolitan areas that have the highest share of workers 16 and older  who worked from home in 2010——

 

Boulder, CO                           10.9%

Medford, OR                          8.4%

Santa Fe ,NM                          8.3%

Kingston,  NY                           8.1%

Santa Rosa-Petaluma, CA     7.9%

Mankato, MN                           7.7%

Prescott, AZ                             7.6%

St. Cloud, MN                         7.6%

Athens, GA                              7.5%

Austin, TX                               7.3%

Almost one-half of home based workers are self-employed.  About 25% of those working from home were in the business and financial fields.  Mondays and Fridays were the most popular days to work from home.    People who worked exclusively from home earned more than those who worked outside the home.  The median household income was $74,000  compared with $65,000 for on-site workers.

Source:    Census Bureau “s 2010 American Community Survey.

 

 

 

 

 

Smithtown Public Library Designated a Patent &Trademark Resource Center

The Smithown Library has been officially designated a Patent & Trademark Resource Center by the United States Patent & Tradmark Office (USPTO).  Inventors and patent examiners can now search for technical and commercial information contained in patents and trademarks. This is an invaluable resource for small businesses, research and development firms, universities,  laboratories, and  independent inventors and entrepreneurs.  The point person at the library is Will Salas.

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