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GrubHub flush with $20 million in new capital

  Without even trying, Chicago-based GrubHub has raised $20 million in new venture capital, bringing to $34 million the amount of private investment in the company, chief executive Matt Maloney said today. “We didn’t go out looking at all,” Maloney said. But following the company’s round of $11 million last fall from Benchmark Capital in […]

SBA announces loan refinancing program

After being criticized by some lenders for dragging its feet on a program approved by Congress five months ago, the U.S. Small Business Administration said it will begin accepting refinancing applications on Feb. 28. The temporary two-year program is designed to enable small business owners to refinance their mortgage debt with a 504 loan from […]

How to start a business for $3,000

By Ann Meyer Lindsay Saewitz might not fit the stereotype of a risk-taking entrepreneur, yet she chucked a job hunt in favor of launching CitySwarm last fall. Her new events business aims to provide engaging experiences to young professionals in their 20s and 30s, Saewitz said. She came up with the business idea after organizing […]

How to find the right fit business to buy

By Domenic Rinaldi, Guest Columnist During the past year, high unemployment levels have left many skilled individuals looking for work. But with corporate jobs scarcer and less secure, more people are skipping the  job hunt in favor of buying a small business. Tough economic times have spurred many owners to put their businesses on the […]

Illinois funding gap sends startups out of state for capital

By Ann Meyer — Story updated at 10 a.m. Tuesday. When Jabber Jury officially goes live with its online programming, it will be largely due to out-of-state venture capital that funded the Chicago startup. The company had little more than a concept to show investors last November when it attracted $1.2 million from Everett Palmer, […]