Contributing Editors

Will the Small Business Jobs Act Help Self Storage Businesses?

by Tony Gonzalez September 17, 2010 4:53 PM
The U.S. Senate passed legislation yesterday designed to make it easier for small businesses to create new jobs. The bill is called the Small Business Jobs Act. It was passed in the Senate by a vote of 61 to 38 and is expected to be passed by the House of Representatives, and signed by President Obama, next week as well.

According to the national Self Storage Association, about 90 percent of self storage companies are owned by individual entrepreneurs who each operate just one self storage facility. In the United States today, there are around 27,650 self storage owner/operators who own and operate one facility each. Will the Small Business Jobs Act help these self storage business owners? [More]

Don’t Plan on Financing Your Move with a Payday Loan

by Tony Gonzalez July 27, 2010 2:03 PM
Moving can be expensive, when you factor in the cost of movers, taking time off work, and, if you are downsizing or trying to sell a house, putting some possessions into self storage. Despite the expense, if you have to go into debt to pay for all your moving expenses, it is better to find a way to do so without taking out a payday loan. Payday lenders tend to charge exorbitant interest rates. Even a credit card will charge a lower -- MUCH lower -- interest rate than a payday loan will. A better way to finance the self storage side of your move is to go to a self storage company that offers the first month free. Or, if you are a student, are retired, or are a veteran or an active member of the military, try going to a self storage company that offers discounts to students, retirees, veterans, or military families. You may be able to find movers that will offer discounts, as well. [More]

Could “Cash for Crude” Save the Gulf Coast Fishing Industry, Boating Businesses, and Marinas?

by Kim Kilpatrick July 8, 2010 4:42 PM
Could the BP oil spill be cleaned up faster if BP buys back its own spilled oil from fishermen and other boat owners along the Gulf Coast? American Geographical Society President Jerome Dobson thinks so. Dobson has come up with a unique solution for the Deepwater Horizon Gulf of Mexico oil spill cleanup. Dobson’s plan, which some are calling “cash for crude,” calls for BP to buy back recovered oil, giving fishermen, recreational boaters, and other boat owners a chance to get involved in in the BP oil spill containment.

Dobson’s plan calls for BP to buy back its oil at a price that will encourage out-of-work fishermen, recreational boaters, and other boat owners to go out, skim oil off the surface of the sea, and bring it back to port -- safely contained. Such a plan could provide out-of-work fishermen, seasonal tourist industry workers, and other boat owners with much needed income to replace some of what they have lost to the oil spill. It would also have a spillover (no pun intended) effect on related businesses, such as boat storage facilities and marinas, and would stimulate local economies along the Gulf Coast. [More]

National Small Business Week Recognized with Educational and Networking Opportunities

by Winnie Hsiu May 25, 2010 4:29 PM
Following in the tradition of every U.S. President since 1963, President Barack Obama has proclaimed this week to be National Small Business Week -- a week to honor America’s approximately 27.2 million small businesses. Of those small businesses, about 27,650 are self storage operators who own and operate a one-facility self storage business.

In Washington D.C., and around the country, communities are celebrating National Small Business Week with seminars and workshops for small business owners: [More]

Small Business Loan Program Extended Through April 30

by Kim Kilpatrick April 5, 2010 2:32 PM
It is not too late for self storage owners or prospective self storage owners who need a small business loan to take advantage of the Small Business Administration’s Recovery Act funding, according to a statement released by the SBA last week. President Barack Obama has signed legislation earmarking another $40 million for the SBA to use to increase the level of its guarantees for small business loans classified as 7 (a), and making it possible for the SBA to pick up the borrower’s fees for loans classified as 7 (a) or as 504.

The original $730 million set aside by Congress for use by the Small Business Administration’s Recovery Act programs was used up by November 2009. Congress provided another $125 million in December, and that lasted until late February of this year. Another $60 million was provided in early March, but that is now gone. Now Congress has set aside another $40 million to extend the program until April 30. [More]