Professional Issues


PROFESSIONAL ISSUES
The Small Business Administration introduced two free online finance courses to help small business owners with the basic principles of finance and borrowing.

Finance Primer: A Guide to SBA’s Loan Guaranty Programs and How to Prepare a Loan Package walk business owners through steps that answer questions about what debt financing is, what loan programs are available, what small businesses should know about borrowing money, how to prepare a loan package, and how loan requests are reviewed by lenders.

The Finance Primer gives an overview of the SBA’s loan guaranty programs to help small businesses understand the variety of financial resources, including those from the SBA. The Loan Package course includes small business links to related information, and refers course participants for direct support in preparing a loan request to appropriate resources that include SBA district offices, SBA resource partners, and lenders.

Finance Primer: A Guide to SBA’s Loan Guaranty Programs is available at http://app1.sba.gov/sbtn/registration/index.cfm?CourseId=29.

How to Prepare a Loan Package is available at http://app1.sba.gov/sbtn/ registration/index.cfm?CourseId=28.

The Senate in June confirmed three Bush nominees to the SEC. The three lawyers—Luis Aguilar, Troy Paredes and Elisse B. Walter—fill out the five-member SEC. Aguilar comes to the SEC from the law firm McKenna Long & Aldridge LLP; Paredes from the faculty of Washington University’s School of Law; and Walter, a career regulator with prior experience in the SEC’s Division of Corporation Finance and Office of the General Counsel, from the Financial Industry Regulatory Authority. For more information on the SEC commissioners, visit www.sec.gov/about/commissioner.shtml.

 

©2008 AICPA

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.