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Selling a business in 2011: What lies ahead?

The economy showed some positive signs in 2010, but was slow to produce a significant jump in the business-for-sale marketplace.  Still, demand grew, and sellers offering  solid businesses at realistic asking prices found a large pool of buyers waiting for the opportunity, according to business broker Domenic Rinaldi of Chicagoland Sunbelt. In this column, Rinaldi discusses what’s to […]

Jobs Act loan subsidy runs out, SBA queue forms

By Hallie Busta  The U.S. Small Business Administration announced Monday that the $505 million subsidy provided in the Small Business Jobs Act of 2010 signed by President Obama in September has been depleted by the agency’s lending partners nationwide. And some experts are skeptical that additional stimulus funding will be provided in the future. Since the Jobs […]

WBDC to offer micro loans to start-ups

  The Women’s Business Development Center is offering microloans for start-ups and established small businesses based in Illinois. The loan program, which starts this month until funding runs out, was created in response to the credit crunch that has constrained small business development. Newly formed businesses can apply for loans up to $50,000, while the […]

As Senate fails to repeal 1099 rule, opposition mounts

Small business groups are grumbling about the Senate’s failure to repeal a 1099 tax-filing rule that will create a mountain of paperwork when it takes effect in 2012. Under the provision, the nation’s 40 million small businesses would be required to file a 1099 in 2012 for vendors that they’ve bought more than $600 in […]

Steadfast Networks acquires Radius

Chicago data center Steadfast Networks has made its third acquisition of the year, buying consulting firm Radius IT to better serve the financial services sector. Steadfast, which is targeting annual sales of more than $6 million this year, generally prefers to grow through sales, but the company turned to an acquisition strategy this year partly […]