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The Massachusetts Senate has passed a bill aimed at cutting health insurance costs for small businesses. The bill allows companies with 50 or fewer workers to form cooperatives, helping them purchase health insurance at lower costs. It also requires insurance companies to justify any hikes in premiums. In addition, the legislation contains a provision that [...]

Citigroup is investing nearly $200 million in community development financial institutions – CDFIs – that make small business loans in low-income areas. The third-largest bank in the country has teamed up with the Calvert Foundation and the Opportunity Finance Network to run the Communities at Work Fund. The fund will make loans to CDFIs across [...]

A pair of Ohio Democrats have proposed a $100 million loan fund to spur small business lending in the state. Under the loan system, the Ohio Department of Development would set criteria for the loans and select two investment firms to evaluate the loan proposals. "This program will enable banks to lend without worrying about [...]

The St. Louis Economic Council has partnered with PNC Bank to introduce a new small business loan program, Boost, as an alternative to the U.S. Small Business Administration’s 504 loan program. The program is aimed at business owners and entrepreneurs who need a loan to purchase land, equipment or buildings to start a corporation, but [...]

While writing a business plan can be a useful step for anyone looking to start a corporation and get funding, Inc.com says that using that plan inside the company can sometimes provide added benefits. The site says that adding predictive metrics to the plan can allow business owners to check in with their progress. Entrepreneurs [...]

Florida Today reports that Congresswoman Suzanne Kosmas has announced proposed legislation that would give federal grant money to business incubators that help entrepreneurs interested in forming a company. Kosmas, a former small business owner herself, announced her plan at the National Business Incubation Association convention near Orlando, according to Florida Today. Her bill, according to [...]

USA Today’s Steve Strauss says that now is "a great time" to start a corporation, and he says entrepreneurs looking to take advantage of this prime moment should keep their business sense, use technology and the internet, and take advantage of the free resources. Strauss says that entrepreneurs need to avoid getting so carried away [...]

A new survey says that improved returns on venture capital investments in California’s Silicon Valley may help spur more investment in startup companies, according to the San Jose Mercury News. The survey, conducted by Fenwick and West, showed that 49 percent of venture financing deals in the first quarter of 2010 were so-called "up-rounds," meaning [...]

The Senate passed an amendment to its financial reform bill Monday night, eliminating changes that would have put severe restrictions in place for angel investors. The Angel Capital Association has released a statement saying it is "pleased" by the amendment to the Restoring American Financial Stability Act of 2010, which removes a provision that would [...]

A recently expanded pilot program in North Carolina called Biz Boost has provided many entrepreneurs with business and financial advice to help them start a company or expand a current small business. The Biz Boost program, which is an initiative of the state’s Small Business and Technology Development Center, does not give out funds, but [...]

Entrepreneurs looking to start a corporation with investments from angel investors need to be prepared and avoid getting carried away with their enthusiasm, according to New York Times small business writer Brent Bowers. Bowers says that when a business owner finally has a chance to pitch their idea in person, they can get become overexcited, [...]

For entrepreneurs unsure how to juggle a family and a potential home-based business, forming a company can seem like a daunting task. A number of successful business owners told Inc.com some ways to balance the two. The most common advice for prospective business owners was to make sure to plan time for themselves. Lynda Ariella, [...]

Creating a business plan should be a priority for anyone interested in forming a company, even if potential investors don’t ask for it, according to USA Today’s Rhonda Abrams. She says that having a business plan is important because it forces business owners and think through every aspect of their business – from their marketing [...]

The New York Times reports that On Deck Capital is pioneering a new way to approve loans based on cash flow instead of credit rating, which may help many small businesses get the short-term capital they need. The Times says that the company’s method allows it to extend credit to many entrepreneurs and smaller companies [...]

Lawmakers in Arizona have passed a new law, strengthening an existing tax credit for small business owners who invest in research and development. The bill may help entrepreneurs see returns on their investments by giving companies with less than 150 employees a "discounted refund" of 75 percent for every dollar already earned through the R&D [...]

Massachusetts state treasurer and gubernatorial candidate Timothy Cahill has proposed a small business tax cut for people forming a company in the state. Speaking to the Greater Boston Chamber of Commerce, Cahill said he would waive state income, unemployment and sales taxes on business purchases for companies with five or less employees during their first [...]

Bank loans are sometimes overlooked as a way to get financing for a small business. Power HomeBiz editor Isabel Isidro says there are a number of steps that will help get bank loans approved. Isidro says the first thing to keep in mind is that banks want to make loans. She says seeking out banks [...]

USA Today says that many small business owners can save both time and money by using software as a service and cloud computing solutions instead of traditional software licenses. The newspaper says the SaaS applications have been used by larger corporations for years, but companies are now tailoring their services for smaller businesses. USA Today [...]

Writing for VentureBeat, corporate lawyer Scott Walker says startup entrepreneurs should start a corporation instead of forming a general partnership for both short- and long-term success. Walker says a partnership exposes each partner to additional liability that could be avoided by starting an LLC instead. Giving an example, he says that if a business partner [...]

One of the best ways for an entrepreneur to impress a potential investor is to prove that there is a market for the products and services offered by a startup. The Los Angeles Times says many food and craft business owners interested in forming a company found their start in farmers’ markets, where they can [...]