Recently, there was a news story about millions of printers are open to hackers. If you have seen the emails that have been going around lately from what looks like an HP Printer, you are one of the lucky ones. Printers and copiers today digital and have hard drives and memory. No one ever thinks about what information is stored on them, but if you use them, your information could be vulnerable.

According to researchers at Columbia University, they have discovered a new class of security flaws:

It’s not only possible, but likely, say researchers at Columbia University, who claim they’ve discovered a new class of computer security flaws that could impact millions of businesses, consumers, and even government agencies. Printers can be remotely controlled by computer criminals over the Internet, with the potential to steal personal information, attack otherwise secure networks and even cause physical damage, the researchers argue in a vulnerability warning first reported by msnbc.com.  They say there’s no easy fix for the flaw they’ve identified in some Hewlett-Packard LaserJet printer lines – and perhaps on other firms’ printers, too – and there’s no way to tell if hackers have already exploited it.

Millions of printers open to devastating hack attack, researchers say
So now there is more to consider out there to steal your identity and your data. Download this whitepaper about copier security and your business

Copier Data Security

 

On this Veteran’s Day, we would like to thank each and every military solider ,veteran and those who have fallen for their duty and for protecting the U.S.A. I myself, had a father that fought during World War 2 in the Air Force and although he no longer with us, I still honor and thank him everyday for what he did for this great country of ours.

 

 Written by a 90 year old

This is something we should all read at least once a week!!!!!


Written by Regina Brett, 90 years old, of the Plain Dealer, Cleveland , Ohio .

“To celebrate growing older, I once wrote the 45 lessons life taught me. It is the most requested column I’ve ever written.

My odometer rolled over to 90 in August, so here is the column once more:

1. Life isn’t fair, but it’s still good.

2. When in doubt, just take the next small step.

3. Life is too short to waste time hating anyone.

4. Your job won’t take care of you when you are sick. Your friends and parents will. Stay in touch.

5. Pay off your credit cards every month. Continue reading »

 

SBA will release the latest revisions to the 504 Temporary Refinance Program on October 11th.

These are major, common sense improvements that will open the program to use by many more businesses and lenders. Credit needs to be given to the tireless efforts of the industry members who have campaigned to make this a meaningful, permanent program.

When I read the first posting on 504 Re-Fi, my reaction was one of skepticism. After thirty years of reading federal announcements and regulations, it is relatively easy to spot programs and changes that the agency doesn’t want or believe will be useful. These changes will make the Re-Fi more consistent with the 504 Loan Program. Continue reading »

 

Fiscal Year 2012 brings a better Budget. No increase in fees

The Senate approved the SBA lending budget to $211.6 million.

The result of this expanded leverage will give SBA $25 Billion for the core programs:

  • 504 Loan Program
  • 7(a) Guaranty Loan Program
  • SBIR Federal and State Technology Program
  • SBA Disaster Loan Program – $167 million to fully fund administrative costs and loans

This is a huge victory for the Small Business Sector of the economy.

What does this mean for YOU?

  • Funds will be available for your 504 Loan customers with a 50% LTV
  • Unconditional first lien position backed by a long term, fixed rate, second lien
  • Ten –Twenty percent equity into the project
  • Back-up servicing assistance by a “second to none” CDC Servicing Officer and staff, including an SBA Certified Liquidation Specialist.
  • No additional collateral required, leaving Current Assets free for collateral if needed for Working Capital Lines of Credit
  • Eligible for the EDGE Program with FHLB
  • Can mix and match with other Federal, State, and Local programs, Tax Incentives, and Abatements.  Some can be used as equity in the project.
  • We look forward to helping you mitigate your risk and provide your customers with the best terms and conditions in the marketplace.

Please call us for a description of our referral incentives and to discuss special structures for your projects.

Alacom Finance 1-800-239-5909

 

A Great Big Thank You and Congratulations to Small Business Lenders

Valiantly supporting and stabilizing our communities with loans to local businesses. 

The last two posted articles from the WSJ confirm what we have been reporting for the last two years.  There is nothing anywhere near real help for the backbone of our economy, the Main Street Entrepreneur, except for the Small Business Administration programs. Banks can’t lend to small businesses without a way to mitigate risk, and SBA provides that cover.

Other agencies have programs, but none are as reliably available, flexible, or fully funded as SBA.  Alacom Finance works in many small business support programs, but none are as widely utilized as the SBA loan programs.  Community banks are masters at stretching their lending limits with the 504 take outs and the 7a guaranties while protecting the bank and staying inside all the regulations.  Large banks are making SBA loans too, but they tend toward larger projects to bigger companies than community banks. Continue reading »

 

Not all lenders are out of the game. SBA Lenders are booking loans for Alacom’s 504 Loan and 7a Loan referrals.

Some of the nation’s biggest banks on Tuesday pledged to boost lending to small firms by an extra $20 billion over the next three years.

The move, announced by Vice President Joe Biden at a small business in Solon, Ohio, comes as loans guaranteed by the Small Business Administration hit record highs.

As of last week, the agency has approved more than $18 billion in lending under its 7(a) and Arc loan programs this fiscal year, up from $12.4 billion in 2010 and $8.6 billion in 2009, agency lending data show.

Read More at WSJ

 

Commercial and industrial loans have grown by $61 billion since the start of the year, or 6.2% above the same period a year ago, the Federal Reserve reported Monday.

Yet the upturn has largely bypassed small firms.

Instead, the bulk of the gains were made by loans to midsize companies, which were borrowing cash to upgrade or repair aging equipment, according to bankers cited by the Wall Street Journal. The Fed’s gauge of commercial and industrial lending excludes business real-estate loans.

While any new investing by small or midsize employers is welcome news – most businesses have put off upgrades since the onset of the recession, lenders say – few businesses appear to be committing cash to the type of expansion that would lead to more jobs.

Read More at WSJ

 

SBA is a sitting duck when it comes to Federal agencies.  They are the smallest agency and have the worse public relations department in the whole federal system.    They need a bullhorn to get the message out.

Before you think that I am blindly attached to SBA because I am the president of an SBA Certified Development Company (CDC), you need to know that Alacom Finance has sued SBA twice over their reluctance to utilize and follow the rules.  I, too, have been on the wrong side of the rules once or twice myself, and they have brought it to my attention.  We live in a close/wary relationship, not because I love the agency, but because I love the programs.  I am absolutely convinced that the delivery system of the SBA programs is the best one in the federal system because it is a credit based approval and not some social engineering waste of money. Continue reading »

 

This week a survey appeared in the Wall Street Journal calling for the abolition of the SBA because it is just “corporate welfare.”  I take exception to that term.  What are they talking about?    Businesses that get loans through SBA programs don’t get money from the government, much less “welfare”.

Obviously, those polled haven’t needed to apply for business credit in this economy.  The only way most small businesses can get a loan is with a third party guaranty, lots of collateral, and cash in the deal. Continue reading »

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