AGP Executive Report
Last update: 4 hours agoHoliday Sales: Visa forecasts U.S. holiday retail sales will rise 4.5%, but value-conscious shoppers may favor lower-cost options. Small Business Saturday is Nov. 28; retailers interviewed recommend memorable customer experiences over simple discounts. Financing: The SBA launched iCAP to streamline small-business loan processing. Separately, a bill to raise the Subchapter V bankruptcy debt limit to $7.5 million awaits the president’s signature, potentially giving more struggling firms access to the process. Disaster Relief: SBA loans remain available to businesses affected by the Willow Fire and disasters in Arkansas and Oklahoma; Wisconsin businesses hit by July storms face a Dec. 7 application deadline. Costs and Hiring: October added 165,000 jobs, with gains spread across company sizes. Meanwhile, Wisconsin businesses could face higher costs if regulators approve the Union Pacific–Norfolk Southern merger, after the railroad CEO was recorded threatening rate increases for merger opponents.
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