Two years of declining enrollments have forced a 17-year-old Henrico day care into bankruptcy protection, but the owner has a plan to turn things around.
Small Business Administration
Small biz owners seek SBA loan help
Bernie Katz, Robert White and Michael Bucci have something in common. They all own small businesses and have had difficult experiences with bank financing. That prompted them to show up for a Wednesday morning meeting to help small businesses survive the economic downturn. They were among about 60 small-business owners at the meeting at the… Read more »
Beware snail mail ‘phishing’ scam
The U.S. Small Business Administration is warning small businesses not to respond to a wave of fake letters that request bank account information in order to qualify for federal tax rebates. The letters mimic the SBA letterhead and have been received by business owners across the country. None have been reported in Richmond yet, according… Read more »
More SBA-backed loans in Virginia going into default
The number of delinquent Small Business Administration-insured loans in Virginia is rising. Last week BizSense reported that bankruptcy filings for businesses and individuals is rising in Richmond. The SBA could not provide statistics in time for that story, but we have them now for the state of Virginia. Fiscal Year: $ of purchased loans #… Read more »