Montgomery

The Montgomery Chamber is having a luncheon to let Montgomery area small business owners learn about the Small Business Administration’s (SBA) Loan Programs.

If you own a small business in Montgomery, or are planning on having one one day, you will want to make plans to come.

Date: January 28, 2009

Time: Noon

Place: 600 S Court Street, Montgomery, 36104

Cost: $15 / members – $17 / nonmembers

Registration Deadline: Jan. 26, 2009

Contact: Heidi Ellis (334)240-6863

Usually, lack of money  / financial planning is the biggest reason that small businesses fail.  Why not go check out this event and learn all you can?

The Wall Street Journal reports in this article that the SBA loans have been affected by the credit crunch. Apparently this is really affecting women and minority owned small businesses.

I wonder if this is affecting any Montgomery area small businesses?

The Small Business Administration, through one of its programs called Community Express,  usually provides micro loans in the $5,000 range through local banks in an effort to promote the entrepreneurial efforts of citizens.  According to the WSJ:

“Originally, Community Express loans were aimed at minority-, women- and veteran-owned small businesses in low- and middle-income areas. But they now target all small-business owners who are seeking less than $25,000, and owners needing more than that who are in business zones defined as “historically underutilized” or covered by the Community Reinvestment Act.”

I wonder if this will affect start ups of small businesses or offices in Montgomery.

What do you say, reader? Do you know of an example in Montgomery where a small biz was affected by lack of a micro loan, or any funding? Please leave a reply below.