Business File: Sweet Pea Market to move to spot next door

Advertisement

— Sweet Pea Market plans to open May 24 at 729 Yampa St., "the little red house" next to its former space, co-owner Jonathon Hieb said. The market had to move because health officials want floors and walls for businesses that sell eggs and dairy, Hieb said. The owners will make sure the market retains an open-air vibe, he said. They'll use the yard space for produce and will have a juice bar.

"It definitely will have the same look, the same feel," Hieb said.

Holistic health counselor starts practice in Hayden

Hayden resident Karen Gilroy has started practicing as a holistic health counselor. She works with reflexology, Reiki, reconnective healing and vibration healing, as well as visualization and breathing techniques, according to a news release. Gilroy also teaches how the digestive system works and suggests proper food combinations to help people maintain optimal body weight. Gilroy can be reached at gilroyapp@earthlink.net.

Agency expands small business loan program

More small businesses will be eligible for U.S. Small Business Administration-backed loans as a result of a temporary alternate size standard for the agency's largest lending program, according to a news release.

The agency's size standard for its 7(a) loan program will go into effect early this week through Sept. 30, 2010. As a result of the temporary change, more than 70,000 additional small businesses, including auto and RV dealerships, auto industry suppliers and others, could be eligible to apply for SBA 7(a) loan, the release stated.

The temporary 7(a) loan size standard will parallel the standard for the agency's 504 Certified Development Company loan and will allow businesses to qualify based on net worth and average income. The net worth for the company and its affiliates can't be more than $8.5 million and average net income after federal income taxes for the preceding two completed fiscal years can't be more than $3 million, the release stated. The alternate size standard is available at the offices of The Federal Register and will be published as an interim final rule early this week.

This change also means more small businesses can take advantage of benefits made possible through the Recovery Act, the release stated. On March 16, the SBA implemented two key provisions of the Recovery Act that raised the guarantee on 7(a) loans to 90 percent and reduced fees for borrowers.

Comments

Use the comment form below to begin a discussion about this content.

Requires free registration

Posting comments requires a free account and verification.