6-6-23 - SBA Loan Rates Top 10% & Small Biz Tax Deduction Expires in 2025

NEWS ROUNDUP

1
The average rate for a Small Business Administration loan has now hit double-digits.

https://www.wsj.com/articles/fed-rate-increases-hit-small-businesses-the-hardest-7da7fb8e

https://www.nerdwallet.com/article/small-business/sba-loan-rates

2
Small business groups are calling on Congress to make the small business tax deduction permanent.

https://www.jobcreatorsnetwork.com/press_releases/job-creators-network-strongly-supports-main-street-certainty-act-of-2023-to-make-20-small-business-tax-deduction-permanent/

3
The current job market is tough for employers, and 69% of small business owners are taking action to retain employees.

https://www.truist.com/resources/small-business/annual-small-business-survey-results

----------

This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.

👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.

📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.

🖥️ Learn how I can help your small business at https://eraynay.com/.