Category: small business administration

SBA Loans

The President’s proclamation was issued May 20 prior to the U.S. Small Business Administration’s 47th annual observance of National Small Business Week in Washington, D.C. (May 23-25). A lender feels comfortable when he knows that the borrower is running his business knowledgeably; then, he finds no reason why he should not start financing these kinds of businesses. The SBA itself does not make the loans, but rather it guarantees a portion of the loans that are administered by commercial lending institutions. If you don’t have perfect credit, you can mitigate it by providing a thorough business plan, collateral, a higher co-investment in the project, a cosigner, etc. However, you must be aware that the high interest rates on these loans can hamper the profitability of your company.

Small business is the lifeblood of the American economy and a significant generator of employment, creating more than 64 percent of new jobs, …

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Small Business Degree Online

There is a government agency in the United States that seeks to support small upcoming enterprises. Fast-expediting loans of up to $350,000 provide fixed-asset purchase power, debt consolidation, or working capital. These include particular programs that offer business grants and loans to military veterans, persons with disabilities, minority groups, and special provisions for business activities related to disaster relief and faith based initiatives. Equity: An applicant must have an adequate capital investment in its own business.small business administration

The package comes in an envelope and contains a small business guide, forms to fill out for taxation purposes and contact list of local small business counseling agencies and taxation department in your state. If your business is relatively new to the contracting game, it is best to try local contracts first to test the waters. As long as no one in your county is using that business name, you will be able to …

Small Business Administration Programs

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. So long as you’re able to deliver the goods per their request, your business is the most able and appealing to the government no matter the location. The name comes from Section 7(a) of the Small Business Act, which authorizes the SBA to provide business loans to American-owned small businesses. While you will have to be patient, building your business on a solid foundation will always beat sand. To qualify for contracting opportunities, a business must first meet strict compliance standards.

Most efforts to sell a business fail to gain good value because the owner remains an …

7 Ways The Small Business Administration Can Help You

Ninth Planet Beverage Solutions packages beverages for small and medium-sized producers, specializing in beers for craft breweries. Any business that has been operating for at least 12 months and can demonstrate that the loan proceeds will support its export activity is eligible. Merchant loans, however, allow business owners the opportunity to receive up to $500,000 in easy, unsecured business funds. SBA’s Office of Entrepreneurial Development will discuss the Jobs Act’s support for your local Small Business Development Center and other resources to provide free counseling and training in areas such as exporting.

While the Small Business Administration does not have any monies to provide directly for business grants and loans they can direct businesses to a number of government agencies and departments that do provide this type of assistance. The 504-loan program provides long-term loans for fixed assets while the 7 (m) loan program called ‘micro loan’ provides short-term loans …

Alaska Provides Variety Of Business Loans To You

SBA or Small Business Administration is an independent agency of the US government that helps in protecting the interests of the small business organizations by assisting them in securing loans, forming business plan, business counseling so that they can thrive among competition which in the long run is beneficial to the economy of the country. And once again the program faced a little schoolyard bullying, yet this time from the Bush Administration. Provide a personal financial statement for each individual owning twenty percent (20%) or more of the business. Microloans are small, short-term loans that can be extended to businesses and to some nonprofit childcare centers. Those business owners that succeed tend to seek consultation with trusted advisors.

Applications for business loans and grants from the Small Business Administration are available on their website, from banks and other approved lenders, and from local Small Business Administration offices across the country. …