Small Business Administration (SBA) loans, grants & assistance
Small Business Administration (SBA)
Loans, Grants & Assistance
Every small business owner and young entrepreneur can find invaluable support and assistance 24/7 from the Small Business Administration (SBA). This U.S. government agency is ready now to help small businesses grow and find success in tough economic times. They offer a wealth of current information about loans, grants and assistance designed specifically for small businesses.
The SBA offers a wide variety of advice, training, counseling and financial help to small business owners and entrepreneurs who are ready to put their ideas into successful practice. The SBA does not directly offer loans and grants to small businesses, but they have all the information necessary for small business owners to find and apply for those financial lifelines. The SBA works closely with a wide group of Certified Development Companies (CDCs) around the country that will make direct loans at low rates to small companies.
Obtaining funding can be a problem for a startup or young company. Credit challenged persons who have a low credit score will either be unable to locate funding from traditional resources, or they will be charged very high interest rates. The SBA has funding resource companies lined up that are willing to help young and new companies get off to a good start, so those companies can have a chance at being successful. Rates are affordably low for small businesses, and the SBA is ready with expert assistance to help young companies in their quest for success.
Many opportunities await small business owners at the Small Business Administration. Use the website to get started, or visit a local district office. Here are some of the offerings of interest to small business owners that are available from the SBA:
- Training programs, online and face-to-face
- Counseling for business owners who want to grow their businesses or get a good start
- Business plans and information about small business growth issues
- Global marketing and advertising assistance
- Loans, grants and investor resources
- Guaranteed loan programs for military veterans and others; Patriot Express Loan Program
- Women and minority-owned business assistance
- Natural disaster recovery 504 Express Loan Program
- License and Permit information
The SBA also can direct businesses that have encountered damage from natural disasters to funding resources under their 504 Express Loan Programs. These unique low-rate guaranteed loan programs are available to disaster-affected businesses and to military veterans and their spouses. It is an opportunity for credit challenged business persons to obtain funding when they may be turned down by other lenders. There are approved small business lenders in many locations nationwide.
The Small Business Administration has District Offices in many locations around the country for easy access to face-to-face training and to obtain counseling about small business matters and interests. They can help with small business growth issues, supplying help with global marketing, advertising, funding and general business operations. Consult the SBA for help in creating a business plan, obtaining financing and general business information.
_____________________________________
(Article first published on Suite 101 by author Linda Everett - see all articles http://linda-everett.suite101.com/articles )
Disclaimer: The information contained in this article is for educational purposes only and should not be used for investments without advice from a financial professional. Any reader who is concerned about his or her health should contact a licensed financial advisor for advice.
GET FREE CHOCOLATE HERE:
Free $5 Gift Certificate When You Sign Up for the Chocolate.com Newsletter
GET HIGH QUALITY CHOCOLATE DELIVERED RIGHT TO YOUR HOME - Order Online at Chocolate.com
