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6/23/2010
SBAC Weekly Newsletter
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Greetings!

We hope that you are staying cool in this heat. Here is your SBAC weekly newsletter.
Cole Haan After-Hours Event
 
Cole Haaan women ad photoEnjoy wine, champagne and good company at Cole Haan, in Northbrook Court, tomorrow.  Cole Haan, an SBAC member, will be providing a $50 discount on each purchase of at least $250.00.  We will also be serving homemade desserts, compliments of SBAC member I's Pies & Cheesecakes.  If you have not tasted these fantastic desserts and can stop by, you are in for a treat. 
 
Cole Haan men ad photoThis exclusive SBAC event will be held from 6-8pm.  As a special bonus, you can see me buy something stylish, a task my wife tells me has never been accomplished before.
 
Please let us know whether you will be joining us at Cole Haan tomorrow evening at 1236 Northbrookk Court, Northbrook, IL 60062. You can RSVP ahead of time by contacting blanca@smallsbuinessadvocacycouncil.org.
Advocacy
 
Dan Seals will be joining the SBAC this Saturday, at 12:15p.m., at our Northfield Office.  Mr. Seals is running for United States Congress in the 10th Congressional District.  We will talk about the challenges facing small businesses, and discuss Mr. Seal's ideas for restoring credit to business owners.  We would like to thank Mr. Seals in advance for taking the time to talk with us.
 
We would also like to introduce the co-chairs of the SBAC advocacy committee:
  • Ron Cowgill
    Ron Cowgill on radio pic
    Ron Cowgill, owns D/R Services, a remodeling firm that also installs solar panels, wind turbines and creates energy conservation programs.  Ron also is a co-host of Mighty House Radio, which can be heard on many stations in Chicago, including 820am.  On Mighty House, Ron talks about issues impacting business owners in the construction industry, and provides help with home improvement and repair issues.
  • Thomas Castillo
    Thomas Castillo photo
    Thomas Castillo is an electrician and recent candidate for Illinois Lt. Governor.  Thomas received over 100,000 votes in the Democratic primary.  Thomas is a passionate advocate for small and medium size business owners.  Notably, a study by the University of Illinois found that Thomas led all statewide candidates in social media and internet presence during the last primary.  You can read a summary of that study by clicking here.
 
Finally, our petition drive continues.  We can continue to talk about the credit crises facing small business or we can take action.  Signing our petition should take less than a minute.  The more signatures we get, the more power we will have to prompt real action. To sign the petition, click on the clipboard below, or click here!

clipboard
Upcoming Events
 
May happy hour large group photoJuly 8th - Las Palmas Happy Hour
We are about two weeks away from our next Happy Hour.  Please join us at Las Palmas Mexican Restaurant in Highland Park, on July 8th, for beer, wine, margaritas and fantastic food.

June 23 newsletter pic happy hour 1Our Happy Hour will begin at 6:00pm.  Approximately eighty diverse folks have attended each of our prior Happy Hours.  Indeed, our members range from small business owners to corporate executives who support small business.  To view photographs from our past two Happy Hours, you can click here.


2010 Jeep WranglerJuly 23rd - SBAC Golf Outing
The SBAC golf outing at the Marriott's Crane Landing Golf Course will be held on July 23rd.  Meet our members on the course and at our cocktail reception after the scramble tournament.  We continue to receive fantastic prizes for the outing, including the opportunity to win a Fields Chrysler Jeep for a hole-in-one and a foursome of golf at the Marriott.
 
Next week's newsletter will feature our sponsors for the golf outing.  You can fill out your on-line application for the golf outing by clicking on the following link: SBAC 2010 Golf Outing Application

SBAC Golf Outing Click Here
Education
 
In August, the SBAC will be holding an educational forum on lending.  There are many vehicles for small and medium size businesses to obtain lending that far too few of us know about.  For instance, SomerCor 504, Inc., a member of the SBAC, helps small businesses buy real estate through the SBA 504 program at fixed interest rates that are often well below market. To learn more about SomerCor click here.
 
First policy Meeting 1This educational forum will be open to all SBAC members.  We are also in the process of creating a list of alternative sources of financing, from micro-lenders to venture capitalist firms.  This information will be posted on the SBAC website shortly.  Your SBAC log-in will be required to access these resources.
SBAC Blog
  • When an established businessman with good credit could not get a loan, he turned to his franchiser for financing.  Facing a $3.4 billion credit shortfall, franchisers are offering new financing approaches and incentives.  Our blog highlights a New York Times article written by Kermit Pattison titled "Tight Credit Is Turning Franchisers Into Lenders."  For those seeking financing for a franchise, this article is a must-read.
  • Our Blog also featured another article from the New York Times written by "Rob Mandelbaum."  In essence, health care plans in existence at the time the health care legislation was passed do not have to adhere to the requirements of the new legislation.  However, employers that make "significant" changes to their health insurance plans may lose the opportunity to keep that plan in place.  The impact of this legislation on small business owners, and their employees, is uncertain.  Supporters of health insurance reform believe the changes will result in better coverage for employees at an affordable price for their employers.  However, opponents believe the legislation will raise costs and cause small companies to drop coverage.  You can view the whole article by clicking here.
Take care,

Elliot Richardson
Small Business Advocacy Council