BizTech: Business briefs for March 19, 2013
Commonwealth Cancer Center nurse receives national oncology certification

Doriska Austin of Commonwealth Cancer Center in Danville recently completed national certification requirements for oncology nursing.

A 2009 graduate of Eastern Kentucky University, Doriska Austin, RN, OCN brings seven years of nursing experience to her role at the center. Her work includes patient care and education, treatment planning and chemotherapy administration. Austin lives in Lancaster with her husband Kevin and daughter Harper.

The Oncology Nursing Certification Corp., an affiliated corporation of the Oncology Nursing Society, develops, administers and evaluates programs for certification in oncology nursing (www.oncc.org). For more information on specialized oncology care provided by Commonwealth Cancer Center’s network of Kentucky clinics, including its office at the Central Kentucky Cancer Center in Danville, visit www.commonwealthcancercenter.com.


Car dealership wins national award


Stuart Powell is among an elite group of Ford and Lincoln dealerships to be recognized with the 2012 President’s Award by Ford Motor Company. The prestigious award honors dealerships that have excelled in automotive retailing in 2012, by providing exceptional customer service and satisfaction.

“Earning this award is a reflection of our entire staff’s commitment to delivering the best customer experience possible” says Stuart Powell Vice President, Patti Powell. “I couldn’t be more proud for us to receive this recognition, especially since it comes from the people we value most — our customers. They’re the reason we were able to achieve this award.”

The President’s Award was established in 1998. Dealers become eligible through survey responses from customers related to their sales and service satisfaction.  It is presented only to those top-performing dealerships that make quality business practices a top priority.  In fact, less than 10 percent of all dealerships achieved this award.

For 2011, Stuart Powell was awarded the President’s Award for Lincoln.  This year, the dealership also received the award for Ford and Lincoln, making Stuart Powell the only dealer out of 191 in the Cincinnati Region to win the award for both brands.

“In order to achieve the President's Award, dealers must exceed customer expectations every day in every department. The pursuit of excellence is not for the faint of heart — it requires passion, tenacity and, of course, hard work. This prestigious award salutes those top-performing Ford and Lincoln dealerships that embrace these philosophies, achieving among the highest levels of customer satisfaction — in both sales and service — in automotive retailing,” said Greg Ruminski, Cincinnati regional manager.


SBA expands access to loan programs


WASHINGTON — Borrowers and lenders of loans backed by the U.S. Small Business Administration will have greater access to capital and less paperwork as a result of a proposed regulations aimed at streamlining the SBA application process, while also strengthening oversight and the integrity of the agency’s loan programs.

“Streamlining and simplifying has been a key focus of our agency over the last few years. The changes are the latest steps to reduce paperwork burden, with our eye on the larger goal of expanding access to capital and giving entrepreneurs and small business owners the financial resources to grow and create jobs,” said SBA Administrator Karen Mills.

The SBA proposes the new measures after extensive consultations with lenders and borrowers to identify the greatest challenges they face and find ways to reduce barriers to making and accessing loans, while still maintaining strict oversight.

Among the proposed changes are:

  • Eliminating the personal resource test: A borrower will no longer be required to obtain a maximum level of personal finance resources for a 7(a) or 504 loan. This will streamline the loan process by eliminating complicated regulations used to determine the amount of collateral required.
  • Revising the rule on affiliation: Revising this rule will open access to SBA loans to businesses that, under current rules, would not qualify as a small business under SBA’s size standards by virtue of their association with other companies. It also would streamline 504 loan applications and reduce paperwork requirements for 504 and 7(a) loan applications.    
  • Eliminating the nine-month rule for the 504 loan program: Eliminating the nine-month rule removes a restriction that limits a business to include in its 504 project only expenses incurred nine months prior to submitting the loan application. The new rule would allow inclusion of expenses incurred at any time (e.g., projects put on hold for more than nine months due to a natural disaster).
  • Increasing accountability of the certified development companies’ board of directors while eliminating requirements for membership: Refocusing CDC corporate governance requirements will reinforce the importance of board accountability for CDC oversight for the 504 loan program and set in place measures to strengthen oversight in order to maintain program integrity.

For comprehensive information on the new rules and their benefits, visit http://www.sba.gov/content/revised-oca-regulations-504-and-7a-loan-program. You also can access the document published in the Federal Register at http://www.gpo.gov/fdsys/pkg/FR-2013-02-25/pdf/2013-04221.pdf for the full text of the proposed rule.