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Small business employment continued to show growth in December with hours worked up and wages flat.

Those were among the results of this month’s update of the Intuit Inc. (Nasdaq: INTU) Small Business Employment Index. The monthly report found that small business employment grew by 0.3 percent in December, equating to an annual growth rate of about 3.4 percent. This translates to approximately 57,000 new jobs created nationwide. The Index is based on figures from the country’s smallest businesses that use Intuit Online Payroll.

“Small business is still the most vigorous sector of the employment picture,” said Susan Woodward, the economist who worked with Intuit to create the Index. “We generally see a rise in employment for all businesses in December, but this year it is unusually strong. We can hardly see the recovery in overall national employment, but among small businesses, the recovery, albeit slow, is unambiguous.”

Based on this latest data, the employment growth rate for November was revised upward to 0.4 percent, equating to 73,000 jobs added for the month and a 4.4 percent annual growth rate. Since the growth trend first began in October 2009, small business jobs have increased by a revised estimate of 880,000.

Read more at http://www.homebusinessbug.com/small-business-job-employment-rises-in-december-10184/

WASHINGTON – Today, SBA Administrator Karen Mills announced that as of Dec. 31 the agency had approved more than $10.3 billion in loan guarantees which supported more than $12 billion in lending to small businesses since President Obama signed the Small Business Jobs Act of 2010 on Sept. 27. The Jobs Act included an extension of reduced fees and higher guarantee loan enhancements in the agency’s two largest loan programs.

In a statement, Mills noted that SBA moved quickly to get these critical loan dollars in the hands of small businesses and just three months later all of the $505 million in subsidy provided in the Jobs Act to support the loan enhancements has been utilized by the agency’s national network of lending partners. In light of that, the SBA has activated the SBA loan queue to ensure that any remaining funds that result from loan cancellations in the coming weeks are redirected to new Jobs Act loans.

Following is the full statement from Mills:

“In just three months since the Small Business Jobs Act was signed into law, SBA supported more than $12 billion in lending to small businesses and entrepreneurs across the country. SBA is on the front lines with small business owners and our lending partners every single day. I’m very proud that as a result of those close relationships and partnerships we were able to quickly put this significant amount of capital into the hands of our nation’s largest job creation engine.

“The loan enhancements of higher guarantees and reduced fees first implemented as part of the Recovery Act have been a vital resource for tens of thousands of small businesses at a critical time when lending markets had dried up. Beginning in February 2009, these loan enhancements engineered a significant turnaround in SBA lending, including driving record-high levels of SBA lending in recent weeks. The end result is that the agency helped put more than $42 billion in the hands of small businesses through the Recovery Act and Jobs Act combined.

“These enhancements have been a key piece of the Obama Administration’s efforts to help small businesses drive our nation’s economic recovery. As we transition back to our standard guarantees and fee rates, SBA loan programs will continue to play an important role, as they have for decades, in helping entrepreneurs and small business owners start or grow their businesses and create jobs.

“The Small Business Jobs Act is the most consequential piece of legislation affecting small businesses enacted in more than a decade. While we are proud of how quickly SBA could provide $12 billion in capital to small businesses, we remain focused on implementing other key
provisions of this law that will continue to expand access to capital, help small businesses compete for federal contracting dollars, strengthen small business exports and provide other critical support.”

During the quarter, SBA approved nearly 22,000 small business loans for $10.47 billion, supporting a total of $12.16 billion in lending. The amounts are greater than the volume for Jobs Act loans over the same period because they exclude some loans that were not eligible for one or more Jobs Act enhancements.

Read full news article at http://www.homebusinessbug.com/jobs-act-supported-12-billion-in-sba-lending-to-small-businesses-10183/

With small business owners and entrepreneurs in traditionally underserved communities continuing to face challenges accessing capital, the U.S. Small Business Administration today announced two new initiatives aimed at increasing SBA-backed loans to small businesses in these markets.
SBA Administrator Karen Mills also today named Catherine L. Hughes, chairperson and founder of Radio One, Inc., and a former SBA borrower, to chair the agency’s new Advisory Council on Underserved Communities.

SBA and U.S. Department of Commerce studies have shown the importance of lower-dollar loans to small business formation and growth in underserved communities. With that in mind, the two new loan initiatives – Small Loan Advantage and Community Advantage – are aimed at increasing the number of lower-dollar SBA 7(a) loans going to small businesses and entrepreneurs in underserved communities. The agency’s most popular loan product, 7(a) government-guaranteed loans can be used for variety of general business purposes, including working capital and purchases of equipment and real estate.

In conjunction with the implementation of these two new Advantage loan initiatives by March 15, the agency will end its existing Community Express pilot loan program on April 30.

Read this full press release at http://www.homebusinessbug.com/sba-aimed-at-increasing-lending-in-underserved-communities-10179/

HomeBusinessBug.com announced that one of its advertisers, Suzie Randle, a representative with Thirty One Gifts, has made a sale as a result of her placement on HomeBusinessBug.com.

Randle has been working with Thirty One Gifts, a work from home business opportunity offering a full array of embroidery items, for about 2 years and has over 100 in her network.  She started receiving leads from HomeBusinessBug.com in September of this year and it was only her 4th lead that led to the sale.

“She had been to a Thirty One party, and she was looking for someone to connect with and sign up under,” Randle says of the prospect that later joined her network.  HomeBusinessBug.com’s strong search engine presence, specifically for the keywords specific to Randle’s home based business opportunity, were heavily responsible for this future Thirty One representative finding Randle.

When asked about the prospect’s future, Randle was quick to say “I think she’s going to end up being my next superstar.”

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About HomeBusinessBug.com
Home Business Bug is a new directory that features hundreds of home-based business opportunities, as well as work-from-home articles and information.  Those interested in starting a home based business can browse completely free of charge, and find opportunities whose investments range from under $100 to a few thousand dollars.  Please visit our work at home directory . Advertisers can take advantage of the low introductory rates to promote their own opportunity. For more information about advertising a work from home based business opportunity, inquire at http://www.homebusinessbug.com/advertise/

December 9, 2010 — HomeBusinessBug.com announced today that one of its advertisers, Jennifer Lewis, a silver gift director with La Bella Baskets, has signed her 8th referral as a result of her placement on HomeBusinessBug.com.

“It took only three or four leads from HomeBusinessBug.com to sign up my first recruit,” says Lewis. Since then she has made 7 more sales off a total of 49 leads. Lewis’ has recruited close to 30 La Bella Baskets consultants, making HomeBusinessBug.com responsible for about 25% of her network. Asked if HomeBusinessBug.com was her most fruitful source, she replied “I would definitely say so.”

The La Bella Baskets home based business opportunity offers two streams of income, the first of which, selling of their high quality gift baskets, flowers, and cookie bouquets, was Lewis’ main focus her first few months after joining in January of 2010.  It was only in May when she decided to focus on the second income opportunity, building a network of other La Bella Baskets representatives.  It was around that time that she discovered HomeBusinessBug.com and took advantage of their free advertising offer.

Asked what she attributed the attractiveness to her opportunity, Lewis cited the price point.  “I think what really works for La Bella Baskets is that (consultants) only have to spend $20 per month.”  That is after the initial start up cost of only $1.97.

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About HomeBusinessBug.com
Home Business Bug is a new directory that features hundreds of home-based business opportunities, as well as work-from-home articles and information.  Those interested in starting a home based business can browse completely free of charge, and find opportunities whose investments range from under $100 to a few thousand dollars.  Please visit our work at home directory . Advertisers can take advantage of the low introductory rates to promote their own opportunity. For more information about advertising a work from home based business opportunity, inquire at http://www.homebusinessbug.com/advertise/