Monthly news & updates
August 2019
Featured Article
AmPac Hosts Meet & Greet at Second Location in Commerce
Action Alert
Contact Your Senators to Urge Support for SBA Reauthorization Legislation
SBA Corner
SBA Adjusts Size Standards to Expand Lending and Contracting Opportunities
Current Interest Rates
10 year loan....... 3.92%
20 year loan....... 3.52%
20 year refi......... 3.55%
25 year loan....... 3.62%


" Th e client  stopped by my office two days ago to personally thank me for referring him to Ampac and to let me know that you and the staff at Ampac were extremely helpful and that he really enjoyed working with you.
 
We talked about how the new loans would help his business, and we are working on obtaining his business account(s) from another bank.
 
Thank you very much for all of your help and assistance! "  

Bank Referral Partner
AmPac Hosts Meet & Greet Event at Second Location in Commerce

RSVP Today So We Can Plan for Your Attendance

AmPac Business Capital is excited to announce the grand opening of its Los Angeles County office located in the city of Commerce.

To celebrate, AmPac is hosting a Meet & Greet, where clients, banking partners, business owners and community members are invited to attend and tour the office, have lunch and learn from guest speakers.

Reserve your spot by emailing jrodriguez@ampac.com
Action Alert: Contact Your Senators to Urge Support for SBA Reauthorization Legislation
WIPP has been working closely with the Senate Committee on Small Business and Entrepreneurship to make necessary changes to programs benefiting entrepreneurs through the U.S. Small Business Administration (SBA). The Committee was scheduled to vote on a bill (Chairman's draft) combining many important changes on July 24.
 
Unfortunately, the Committee postponed action after failing to agree on proposed regulatory changes contained in the draft legislation. Now, Congress is in recess from August 5 to September 6.  The Chairman's draft contains 15 changes that, if passed, will be game-changers for small and mid-size businesses, and especially women business owners .
 
Now is the time to contact your Senators and ask them to express support for moving forward the SBA Reauthorization legislation!

Your legislators will be at home in their districts and states from August 5 to September 6 to meet with constituents, like you, to share updates on their efforts in Washington, D.C. They are eager to understand how these efforts are impacting you. Take advantage of this opportunity to engage with your Members of Congress--and other business owners!
SBA CORNER
SBA Adjusts Size Standards to Expand Lending & Contracting Opportunities
WASHINGTON – The  U.S. Small Business Administration  recently issued an interim final rule that will adjust monetary-based small business size standards for inflation to allow more small businesses to become eligible for the SBA's loan and contracting programs. The  interim final rule  was published in the Federal Register on July 18, 2019.

The SBA is adjusting its industry-specific monetary-based size standards by nearly 8.4% to reflect the inflation that has occurred since the last adjustment for inflation in 2014. This time, the SBA is also adjusting the revenues-based size standards for agricultural industries, which were previously set by statute. These adjusted size standards will become effective on Aug. 19, 2019 and will be reviewed again as part of the second five-year review of size standards mandated by the Small Business Jobs Act of 2010.

Additionally, the SBA is adjusting program-specific monetary-based size standards by the same amount for sales or leases of government property and stockpile purchases. The SBA is not adjusting the tangible net worth and net income based interim alternative size standards that apply to the SBA-guaranteed 7(a) and 504 Certified Development Company loan programs, which were established under the Small Business Jobs Act.
EVENT: Safe, Secure and Sustainable Communities

The Small Business Administration, Los Angeles district office is hosting "Safe, Secure and Sustainable Communities," a free event on August 15.

Plan to attend to learn how to protect and and grow community assets! This event will feature presentations and panelists from faith-based community partners, federal agencies, and small business leaders, and will cover all aspects of physical, cyber, and personal security.

The event will be held at Dignity Health Stadium Club, 18400 S. Avalon Blvd., Carson, CA 90746
Nominations Closing Soon
The nomination deadline, August 15, is fast approaching. Nominate a deserving business owner for a Connecting Faith & Business Award today.

New this year, churches and houses of worship are urged to nominate a business owner congregant for their contributions to both the church community and the community as a whole.

Awards will be presented at the 12th Annual Connecting Faith & Business Summit on October 10, 2019 at the Riverside Convention Center. Visit the Connecting Faith & Business website today for more information and to register.

Sponsoring opportunities are available, along with vendor space.
UPCOMING EVENTS
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August 15
Safe, Secure and Sustainable Communities
8:00 a.m.-11:30 a.m.
Carson, CA
...

August 15
NAWBO-IE Breakfast Meeting "Why NAWBO"
8:00 a.m.-10:30 a.m.
Riverside, CA
...

August 15
AmPac Meet & Greet
11:00 a.m.-3:00 p.m.
Commerce, CA
 ...

August 20
NLWBA-IE: Marketing Basics & Effective Use of Social Media
5:00 p.m.-8:00 p.m.
Rancho Cucamonga, CA
...
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