📅 2026 Update: Changes in Business Law and Resources

Since the original article was published, there have been important changes in U.S. business law that affect small businesses. These updates include new rules from government agencies and changes in fees that could impact financing options. The earlier article continues further down the page and provides foundational information.

🏗️ SBA Waives Loan Fees for Small Manufacturers

In fiscal year 2026, the U.S. Small Business Administration (SBA) waived most upfront fees for small manufacturers. This change is effective from October 1, 2025, through September 30, 2026.

Small manufacturers can save significant costs when applying for loans, making it easier to secure financing.

  • 🏦 Impact on Small Businesses: This fee waiver can help small manufacturers invest in their operations without the burden of upfront costs.

🧑‍💼 DOL Proposes New Independent Contractor Rule

On March 3, 2026, the U.S. Department of Labor (DOL) proposed a new rule that aims to clarify how to classify workers as employees or independent contractors. This rule emphasizes factors like economic dependence and control over work.

  • ⚖️ Importance for Employers: This change might affect how businesses hire workers and manage labor costs, particularly in industries relying on gig workers.

📅 CFPB Extends Compliance Date for Small Business Lending Rule

The Consumer Financial Protection Bureau (CFPB) has extended the compliance date for the Section 1071 Small Business Lending Rule to July 2026. This rule requires financial institutions to collect data on small business credit applications.

  • 📊 Relevance for Lenders: This extension allows lenders more time to prepare for compliance, which may affect funding availability for small businesses.

📈 Standard Mileage Rate Set for 2026

The IRS has set the standard mileage rate for business use at 72.5 cents per mile for 2026. This rate is important for businesses to calculate travel expenses accurately.

  • 🚗 Tax Deductions: Properly tracking mileage can lead to significant tax deductions for business owners.

📌 Key Points to Remember

  • 🏗️ SBA waives fees for small manufacturers in 2026.
  • 🧑‍💼 New DOL rule proposed for worker classification.
  • 📅 CFPB extends compliance for small business lending data.
  • 📈 Standard mileage rate for business use is 72.5 cents per mile in 2026.

💡 Tips for Small Business Owners

Review the details of your own situation with your attorney.

📝 Understand the SBA Loan Changes

Take advantage of the SBA's fee waiver for small manufacturers. This can significantly lower your startup costs and help your business grow.

📅 Keep Track of Compliance Dates

Stay informed about the CFPB's Section 1071 compliance date in July 2026. Knowing these deadlines can help you avoid penalties.

🧑‍💼 Be Prepared for Worker Classification Changes

If you hire freelancers or contractors, prepare for the DOL's proposed rule changes. Understanding the new criteria can help you avoid misclassification issues.

🚗 Track Business Mileage Diligently

Keep accurate records of your business mileage for potential tax deductions. Use the IRS's updated standard mileage rate to calculate expenses.

📄 Utilize IRS Resources for Startups

Make use of IRS resources like Publication 583 for guidance on starting a business. These materials can help you navigate federal tax responsibilities.

🏆 Amur Equipment Finance Ranked by User Reviews (2026)

This section covers services that assist small businesses with financing and equipment needs. They fit well within the context of starting and running a business. The order is based on Trustpilot data checked in October 2026, and star ratings can fluctuate.

Note that unhappy customers often share their experiences more than satisfied ones.

🥇 1. Amur Equipment Finance

Amur Equipment Finance holds a Trustpilot score of 5.0. This company is known for providing equipment financing and other financial services tailored for small businesses. Reviewers appreciate the quality of service but some have mentioned slow response times, which can affect urgent financing needs.

  • 💼 Importance for Small Businesses: Equipment financing can be vital for startups needing tools and machinery without heavy upfront costs.

🆓 Free Resources for Small Businesses

The SBA Lender Match portal connects small businesses with lenders who can help them secure funding at competitive rates. The IRS also offers resources like Publication 583, which provides guidance on starting a business and understanding federal tax obligations.

🔎 What to Compare When Choosing Financing Services

  • 💵 Loan terms and interest rates
  • 📅 Fees and costs associated with the loan
  • 📞 Customer service responsiveness
  • 📈 Flexibility in loan amounts and repayment options

❓ Frequently Asked Questions

🤔 What should I know about the SBA loan fee waiver?

The SBA has waived most upfront fees for small manufacturers during fiscal year 2026. This can help reduce the financial burden on small businesses seeking loans.

📅 When is the CFPB's Section 1071 compliance deadline?

The compliance date for the CFPB's Section 1071 Small Business Lending Rule has been extended to July 2026. Financial institutions must collect and report data on small business credit applications by this date.

🧑‍💼 What is the new DOL independent contractor rule about?

The proposed rule by the DOL clarifies how to determine if a worker is an employee or an independent contractor. It focuses on economic dependence and control over work.

🚗 How can I track my business mileage for tax deductions?

You can track your business mileage using the IRS's standard mileage rate of 72.5 cents per mile for 2026. Keeping accurate records will help you maximize your tax deductions.

📄 Where can I find IRS resources for starting my business?

The IRS provides resources like Publication 583 to help individuals understand the steps for starting a business and maintaining records. These resources are available online.

💡 How can small manufacturers benefit from the SBA's changes?

Small manufacturers can benefit from the SBA's waiver of upfront fees for loans, making it easier to secure financing without initial costs. This support can help them invest in their businesses.

⚖️ Recent Court Cases Related to Small Business Law

Recent court rulings have continued to shape the landscape of business law, influencing how small businesses operate.

For further insights, feel free to browse more rulings on the news page.

End of October 2026 Update





The Phoenix Chamber of Commerce seeks to increase tourism in the area which would also provide a boost to the local businesses. The Phoenix Chamber of Commerce also seeks to encourage local residents to utilize local businesses rather than taking their business to neighboring communities. There are several ways to encourage this including lower prices, advertising and fostering good relationships between the residents and the businesses in the area.

The Phoenix Chamber of Commerce collects dues from member businesses, and those monies are used for a variety of purposes. First, the money is used to advertise local businesses, such as on tourism billboards and online. That advertising attempts to bring people to the area, while showing them what local businesses have to offer.

The money collected from dues is also utilized by the Phoenix Chamber of Commerce in order to distribute information to members through pamphlets and in meetings. That information is generally in regards to legislation or proposed changes in legislation which could affect business in the area. After the information is distributed, the Phoenix Chamber of Commerce may lobby for or against proposed changes, depending on how those changes will impact local businesses.

Phoenix Chamber of Commerce

The Phoenix Chamber of Commerce also spends money on employees of the organization, including those in leadership positions. There will also be a president that oversees daily operations and helps to oversee those in the other leadership positions in order to ensure that the organization runs smoothly.