No Relief for Small Business Cardholders

If you have trouble reading this e-mail, go to http://www.businessweek.com/smallbiz/newsletter/index.html

SEARCH SITE Advanced Search

June 03, 2009
SmallBiz Insider Keep up-to-date with our latest offerings for entrepreneurs and small-business owners

NEWS  THIS WEEK'S TOP STORY No Relief for Small Business Cardholders Credit-card reform doesn't apply to small business cards Plus: Chase Squeezes Small Business Slide Show: Comparing Small Business Cards Small Business Credit Card Rates on the Rise

Inside: This Week in SmallBiz When the credit card reform law recently signed by President Obama takes effect in February, business cardholders won't get the same relief as personal cardholders. That's because the Credit Card Accountability Responsibility & Disclosure Act doesn't apply to business cards, which companies increasingly rely on in lieu of traditional financing. Some business owners and industry experts predict credit-card companies' response to the new law will mean higher fees. Also on tap: Flip through a slide show on the top small business lenders as ranked by the Small Business Administration. Tune in to a podcast for advice on setting up a financing program for customers. Finally, catch a video for Detroit business owners' reactions to the GM bankruptcy. --Nick Leiber SEND FEEDBACK  |  E-MAIL A FRIEND  |  GET RSS  |  NEWSLETTERS

MORE SMALLBIZ NEWS SMART ANSWERS To Avoid Tax, Set Up as S-Corp or C-Corp? Most small businesses are structured as S-corporations. But some are considering C-corp status because of worries about tax hikes in 2011 SMALL BUSINESS FINANCING The SBA Sees a Lending Shift A Small Business Administration report on 2008 shows slower growth in small business loans and a rise in the use of small business credit cards SMART ANSWERS Pitching to Mommy Bloggers When businesses try to market products and services via endorsements on blogs targeted at moms, it pays to understand the rules of the road TECHNOLOGY A Comeback in the IPO Market Recent activity has ended a drought of venture-backed initial public offerings, and some experts foresee a rebound to about 40 a year   SMALLBIZ SLIDE SHOWS SMALL BIZ Twenty Part-Time Business Ideas You don't need to quit your day job—or invest a fortune—to get started on any of these ventures SMALL BIZ Top Small Business Lenders A look at the top small business lenders as ranked by the SBA America's Most Promising Startups Our ongoing series tracks new companies from across the country that embody the creativity and resiliency common among today's entrepreneurs SMALL BIZ The Richest Man (or Woman) in Town Every town has a richest man or woman. We tell you who they are in 100 American cities SMALL BIZ Reporter's Journal: Merced County With a 22% unemployment rate and the second-highest foreclosure rate in the country, Merced County is pinning its hopes on small business SMALL BIZ America's Long-Running Restaurants Nine out of ten new restaurants are destined for failure, but these establishments have thrived through recessions, location changes and fickle customers   SMALLBIZ PODCASTS How to Set Up a Financing Program Large footwear companies are feeling the pain, but Aetrex Worldwide, a small shoemaker in Teaneck, N.J., is having its 14th straight year of growth. CEO Larry Schwartz talks about instituting a creative financing program for his customers   SMALLBIZ SPECIAL REPORTS Social Entrepreneurship Takes Off By excelling in the private sector, a burgeoning breed of business owner aims to change the world Outsourcing Getting Top Talent Corporate Philanthropy Best U.S. Entrepreneurs 25 and Under Home- Based Business Branding Franchising Raising Capital The ABCs of Business Plans SMALLBIZ  BUSINESS DIRECTORY Need Help? Find experts in your area in: Accounting Advertising and Marketing E-Mail Marketing Legal Services Public Relations Search Engine Marketing Web Design Web Marketing Web Hosting  BW MALL   SPONSORED LINKS Save on Group Health Ins - FIND OUT MORE  Save Money Without Sacrificing Quality. Request a Quote With Our 3 Step Process. DOWNLOAD the Windows 7 Release Candidate  Test Windows 7 in your real environment. Discover the best tools and guidance. Microsoft Visual Studio - Free Training  Create next-gen, connected apps on VS. Now offering 12 Hrs of free .Net training Sign up for a Free Xerox Office Assessment  Find whitepapers, free tools, and insight on how Xerox can help get more ROI from your IT Budget. Top Ranked Online MBAs  US News® Best for Quality & Value. Fully Accredited - Learn More! Buy a link now! This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 View our corporate privacy policy here. To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2008, by The McGraw-Hill Companies Inc. All rights reserved. Terms of Use | Privacy Notice

BLOG The New Entrepreneur >> Now this sounds like a promising idea, given what had been a prolonged IPO drought. Backed by venture capital firms and institutional investors, a company named InsideVenture just introduced a new way for early-stage companies to raise money through what it calls a "hybrid public-private offering," Bloomberg reported yesterday... —Nick Leiber, The New Entrepreneur Visit Our Other Blogs Auto Beat Bangalore Tigers Blogspotting Brand New Day Byte of the Apple Economics Unbound European Insight Fine On Media Games, Inc. GreenBiz Hot Property Investing Insights Management IQ New Technology in Asia NEXT: Innovation Tools & Trends NussbaumOnDesign Tech Beat Working Parents POST YOUR OWN COMMENTS ADVERTISEMENT Get Options Trading Ideas for Major Currencies Get currency options trading ideas with Trading Central's free FX Options Trade Alert. See opportunities as they arise, based on technical analysis. SMART ANSWERS KAREN E. KLEIN >> Two Businesses, One LLC? Jewelry and pet products don't have enough in common to be part of the same limited liability company, experts say SEND YOUR QUESTIONS TO KAREN >   VIEWPOINT CARMINE GALLO >> Five Ways to Drive Your Audience Wild Lists with catchy headlines can help you capture people's attention and deliver your content, just like in the world of magazines MORE CARMINE GALLO COLUMNS >>   Advertisement Today's Tip Leadership Be opinionated, but teachable--and always improving. In order to be decisive, you've got to be able to form an opinion on an issue, and then be willing to stand up for it... --Richard D. Hanks, President, Mindshare Technologies READ MORE >   IN YOUR FACE: WHAT'S NEXT FOR GM & CHRYSLER Reader Fred Bosick Writes: " The UAW did not kill GM and Chrysler. Overpaid grey masses of midlevel managers hurt GM. Daimler-Benz hurt Chrysler. Gamblers masquerading as investment bankers finished the job. " Tell Us: Optimistic a Leaner Detroit Can Succeed? >   BusinessWeek has teamed with J.D. Power and Associates to let you compare customer satisfaction and product quality ratings. Automobiles Cable/Satellite Providers Consumer Electronics Copiers Digital Cameras TVs Insurance Auto Insurance Collision Repair (Auto Insurance) Home Insurance Financial Services Full-Service Investing Mortage Service Online Trading Telephone/Wireless All-Distance Phone Providers Wireless Service Internet Service Providers   Advertisement   VIDEO VIEWS >> Detroit on GM Bankruptcy Detroit area Realtors, retailers, and residents discuss how GM's bankruptcy could affect their city and their businesses     SUBSCRIBE TO BUSINESSWEEK Go to SmallBiz Subscribe to SmallBiz Subscribe to BusinessWeek Customer Service