As part of our commitment to the growth of small businesses nationwide, U.S. Bank is a leading participant in the lending programs of the U.S. Small Business Administration (SBA). With statistics like these, it’s clear that small ventures can add up to big business. In my travels throughout Connecticut in 2010 and 2012, I met with more than 500 small business owners, touring their shops, restaurants, offices and factories and sharing ideas during roundtable discussions.
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. These programs are beneficial to small business because most bank programs frequently require larger down payments and/or have repayment terms requiring borrowers refinance every five years.
Thus, the term business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions. Find counseling, training, and business development specialists providing free and low-cost services in your area.
SBA loans cannot be made to a small business if the borrower has access to other financing that offers reasonable terms. Trump has ties to the WWE He appeared on Wrestlemania XXIII in 2007, while promoting his reality T.V. show The Apprentice, and is in the pro wrestling company’s hall of fame.
The Department of Homeland Security (DHS) established October as National Cyber Security Awareness Month to educate the public and business owners about cybersecurity. Learn about SBA-backed loans, government contracting opportunities, disaster assistance, and training programs to help your business succeed.