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Legislation would bolster successful SBA loan program

first_imgRep. Peter Welch unveiled legislation Monday morning aimed at freeing up credit to small businesses by expanding a successful Small Business Administration loan program. At Burlington s Chittenden Bank, Welch and members of Vermont s business and banking communities outlined details of Welch s bill, which is intended to bolster the popular SBA Express Loan Program. By increasing the SBA Express program s current cap of $350,000 to $2 million, the legislation would significantly increase access to credit for Vermont s small businesses. Welch will introduce his bill in the House this week.Small business owners throughout Vermont have struggled since the start of the current economic crisis with securing and retaining lines of credit. At a small business roundtable in Bennington last month, business owners told Welch that the tight credit environment was the single greatest difficulty they faced in expanding their businesses. Vermont small businesses need access to credit in order to weather this economic storm and right now, they don t have that, Welch said. By expanding the highly successful SBA Express Loan Program, I believe we can give our small businesses a key tool to survive these difficult economic times.Established in 1995 to increase the effectiveness and efficiency of SBA s lending programs, SBA Express reduces the amount of required paperwork and accelerates the approval process for small businesses. Because it significantly reduces costs for lending institutions, SBA Express has thrived during the economic crisis, even as other lending programs have not. The program s current loan cap of $350,000, however, has constrained the potential of SBA Express, experts agree.Bennington Chamber of Commerce Executive Director Joanne Erenhouse and Chittenden Bank SBA Loan Officer Robin Shanahan joined Welch at Monday s event to reiterate the importance for both small businesses and lenders of expanding SBA Express. Franklin County Regional Development Corporation Executive Director Tim Smith and Rutland Economic Development Corporation Executive Director Jamie Stewart also attended the event.Source: Welch’s office.last_img read more

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Barbados leads the way in fertility healthcare for US patients

first_img Sharing is caring! Tweet Share Share Flag of Barbados. Image via: flagsofnet.comBRIDGETOWN, Barbados — Barbados Fertility Centre (BFC) will be featured in the Vanguard documentary ‘Under the knife abroad’, which airs on Monday 14 November 9:00pm PST/8:00pm CT on Current TV. The documentary looks at the future of US healthcare and how many Americans are forced to leave their homes for affordable treatment outside of the US. BFC is a JCI accredited centre of excellence for IVF treatment and is considered to be one of the leaders in the field of reproductive medicine with success rates as high as 71% for women under 35. These success rates are attributed to the cutting edge technology employed by the medical team combined with the relaxing option of undergoing treatment on the Caribbean island of Barbados, which is only 3 hours from Miami and 4 hours from New York with daily direct flights. With treatment costs less than half at BFC of what US couples are paying for IVF at home. The airing of the documentary also coincides with the launch of The Fertility App, available from the App store, which has been developed by BFC to support every woman who has made the life changing decision to start a family covering everything from ovulation through to a positive pregnancy test. Dr Juliet Skinner, head clinician at BFC said. “We pride ourselves on offering our patients the latest in technology to help them conceive, and are delighted to be able to share our knowledge with women across the globe via The Fertility App.” Infertility affects one in six couples worldwide, and if a couple tries to conceive for more than 12 months without success then they need to seek medical advice. The app has been designed to help women conceive with an ovulation calculator, which is connected to the calendar. This then syncs with the users device to send them alerts and reminders. The user can add appointments and medications and there is a full medical glossary explaining all the medical terms associated with both male and female fertility. There is also a full description of pre conception supplements and medications and their effects on the body when trying to conceive. BFC have also compiled a list of the most frequently asked questions from their patients and there is a healthy lifestyle section to improve a couple’s chance of success. Within the Fertility App there is the opportunity to connect with BFC on Facebook and Twitter for daily updates from the medical team, they can also watch videos on the BFC YouTube channel and connect with other people trying for a baby in the patient support forum. If a couple have had no success after 12 months and need medical assistance they can also connect directly with the BFC medical team from within the app and request a consultation with Dr Skinner or go directly to the BFC website for more information. Caribbean News Nowcenter_img 15 Views   no discussions Share HealthLifestyle Barbados leads the way in fertility healthcare for US patients by: – November 11, 2011last_img read more

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