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    • Rise in small business lending boosts hope

      Pen on borrower's languageRecent reports on small-business lending activity suggest that an engine for the American economy may be revving up.

      The U.S. Small Business Administration (SBA) said that small business loan activity reached the highest mark in the agency?s history during FY2011. The record loan approval volume, totaling $30.5 billion, marks a return to pre-recession levels, the SBA said.

      The money was loaned to 61,689 small businesses and startups during the fiscal year, which ended Sept. 30. That compares to $22.6 billion (60,771 loans) in FY2010 and $17.9 billion (50,830 loans) in FY2009.

      Accentuate the positive

      "Small businesses are the backbone of the economy, and SBA has been there to help them rebound through difficult times over the past few years," said SBA Administrator Karen Mills. "First through the Recovery Act and then through the Small Business Jobs Act and new SBA lending programs, SBA has provided small businesses with the tools they need so they can grow and create jobs."

      Another

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    • The entrepreneurial spirit

      Street vendor in China

      Street vendor in Kunming, China, selling jujubes. Photo by Virginia Hines of San Francisco (also works for Yahoo! Small Business Advisor), who commented on the image: "She may not be Steve Jobs, but this lady knows the keys to a winning brand, including  innovation, confidence, creative problem solving, differentiation from the competition, and a product that raises the bar."

      If you have a photo or story to share that captures the entrepreneurial spirit, please contact @tommusbach via Twitter.

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    • Oscar Quiles with Person of the Year awardPerson of Year award

      Oscar Quiles, president of Pentaq Manufacturing Corp. in Puerto Rico, has been named National Minority Small Business Person of the Year by the U.S. Small Business Administration (SBA).

      Quiles, pictured above (center), received the award from Joseph Jordan and Marie Johns, both of the SBA, at a Sept. 30 ceremony.

      Quiles' company manufactures tents and uniforms for the Department of Defense and the Coast Guard, among other clients.

      "We are honoring Oscar for his commitment to excellence in government contracting, for creating jobs and providing work incentives for his employees," said SBA Administrator Karen G. Mills in an Oct. 3 press release. "Oscar's story is a true testimony of all that small businesses do for our nation and its economy."

      Quiles learned about occupational uniform manufacturing during a decade of work for his family's business, Caribbean Needlepoint Inc. In 2003 he bought a company that was about to close, keeping all 50 employees on the payroll with help from the

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    • Basic writing to boost SEO and help sales

      The topic of search-engine optimization (SEO) intimidates many, as if it's a matter for engineering topic. At least I used to think so in my early days of editing Web content. But every person who works on a site -- particularly in marketing and content production -- needs to understand some basics that can boost visibility and help drive sales.

      The basic aim of SEO is to make your site visible in search-engine rankings. And the starting point for good SEO is to have original, valuable content.

      Specifically, make sure that the words on your page are relevant to your audience and the subject matter of your site.

      Keywords

      On your page, you want to seed your copy with keywords that correspond to subjects and phrases that readers might use in a search engine to find your page. However, cramming your content by repeating keywords won't help you, because the content will become less compelling.

      • Focus on 3-5 keywords per page, and remember that the best keywords are actually multi-word
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    Profit Minded is the Yahoo! Small Business Advisor blog that looks at ideas, trends, commerce, and noteworthy developments that can help small business owners develop and grow their organizations.

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    Owen Linderholm

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