Contributing Editors

Self Storage Facility for Homeless Finalist in Contest for Funding

by Holly Robinson November 1, 2010 11:40 AM
A storage facility for the homeless in Vancouver’s Downtown Eastside has been selected as a finalist to receive $25,000 from the Pepsi Refresh Project. [More]

Vancouver Church Pleads for Votes to Keep Self Storage Facility for Homeless

by Holly Robinson October 29, 2010 11:08 AM
Each day, over 250 homeless people rely on the self storage facility of the First United Church in Vancouver, Canada to keep their belongings safe. To prevent the facility from closing when its funding ends this Fall, First United Church is spreading the word to vote online before Oct. 31 for new funding for the program through the Pepsi Refresh Project. [More]

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]

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]