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UPS Capital: Now Transporting Businesses to the Next Level in Colombia and Peru

According to the 4th edition of the UPS Business Monitor Latin America, a common challenge identified by small to medium sized enterprises (SMEs) is a lack of access to capital financing for investments in their businesses. These investments can range from the hiring of more employees to purchasing specialized equipment, all under the objective of growing the business.

So what’s an SME with an eye on growth to do? UPS Capital®, the financial services arm of UPS, is expanding its Latin American network with the opening of new offices in Bogota, Colombia, and Lima, Peru. SMEs in both markets now have access to credit with very competitive terms and conditions for financing for the purchase of capital equipment through the use of Export Credit Agency guarantees.

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Small Businesses Have Big Hopes for 2011 Across Latin America

UPS Business Monitor Latin America IVAs with any year, the latter months are often filled with holiday spirit, festivities and good wishes for the year to come. While the state of the economy one year ago may have preoccupied small businesses throughout Latin America as they entered the holiday season and the New Year, this time around they are enjoying the holidays with a sense of motivation for the year to come.

UPS recently launched the fourth edition of the UPS Business Monitor Latin America (BMLA), a study based on the surveys conducted among SME business leaders to gather insight into the latest opinions, attitudes and practices of SME decision makers throughout the region. The 2010 edition of the BMLA, as in other regions of the world, reveals that small and medium enterprises (SMEs) throughout Latin America are finally seeing signs of recovery for the first time since 2008.

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Canadian SMEs Remain Skeptical About International Trade

Lack of interest and investment despite countless opportunities overseas

flagsNewly-released data shows that small to medium-sized enterprises (SMEs) are still hesitant to engage in international trade, despite the vast opportunities in the worldwide marketplace.

In part two of its three-part series to study SMEs’ global trade habits and attitudes, the survey, commissioned by UPS Canada, revealed that 52 per cent of SMEs would not take advantage of a free-trade deal with the EU — not because it’s with the EU, but because they have no interest in engaging in trade activity at all.

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A Contest to Support Small Business in a Big Way

One hundred and three years ago, a small business opened up in Seattle, Wash., and started providing message delivery services. Through effective leadership, teamwork and support from within and outside the business, it eventually grew into the global company we all know today: UPS. While the tale of UPS is impressive, it is not common – especially outside of the United States.

So in an effort to recognize SMEs for their entrepreneurial spirit in demonstrating innovative ideas and practices that have resulted in a successful business, UPS has launched the “UPS Entrepreneurial Spirit Award” in Latin America. The three most innovative and successful SMEs across 14 countries in Latin America and the Caribbean will have the opportunity to compete for more than US$50,000 in cash and Hewlett-Packard equipment by entering the contest which runs from August 16th through September 30th. To register, companies can complete the entry form by visiting the official contest Web site at www.ups.com/premiopyme. 

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