Small Business Administration (SBA) loan programs can provide long or short term working capital needs, fund purchases such as land, buildings or equipment, and drive growth—to name a few. This is a great way to find a local network of business owners and like-minded individuals. The relatively small sale to Taiwan — worth just more than $1 billion — was set to go in late 2016, but the Obama administration never pulled the trigger. Economic Injury Disaster Loans: If you’ve suffered a disaster that prevents your business from meeting its ordinary and necessary financial obligations, you may be qualified for an Economic Injury Disaster Loan (EIDL).
Government Contracting/BD helps enhance the effectiveness of small business programs by working with Government Contracting and Business Development (GC/BD) program offices and others to develop policies, regulations, and statutory changes. The administration of the SBIC program is handled by the SBA Central Office in Washington, D.C.
By comparison, the administration of former President Barack Obama had submitted 118 rules by the same point in the president’s first year, according to the database. Meet with one of our Business Development Officers and they will walk you through the process step-by-step.
This type of SBA loan may be used to finance real estate and equipment for your business. Each new or returning lender will expand SBA’s footprint and increase small business access to capital. SCORE is a nonprofit association that educates entrepreneurs and encourages the formation, growth, and success of small business nationwide.
Private sector lenders finance half of the cost of the project, with the business kicking in 10 percent out of pocket. SBA loans are small-business loans guaranteed by the SBA and issued by participating lenders, mostly banks. The Small Business Administration helps Americans start, build and grow businesses.