President Trump’s nominee to head the Cabinet-level Small Business Administration, former pro-wrestling industry executive Linda McMahon, on Tuesday disavowed an earlier flirtation with a 2010 Obama administration proposal to merge that agency into the Commerce Department. The bottom line of any credit decision is whether a business can repay the loan and other obligations from earnings. SBA annually grants SCORE 18 the funds to oversee approximately 350 chapters volunteers who provide free mentoring and counseling to entrepreneurs and small business ownership.
Also in 2016, the bank completed 198 7(a) program loans in the San Antonio-Austin region amounting to more than $39 million, awarding them the honor of Lender of the Year in the area. All this will create a bigger market, more capital, more products and more business opportunities for other countries.
I am honored to join the incredibly impressive economic team that President-elect Trump has assembled to ensure that we promote our country’s small businesses and help them grow and thrive,” McMahon said in a statement. Investment Division helps business owners better understand equity capital or financing, in which money is raised by a business in exchange for a share of ownership in the company.
As a result of a government wide focus on increasing small business contracting opportunities, during President Obama’s first term (FY2009 – FY2012) the federal government awarded $376.2 billion in federal contracting dollars to small businesses. Business guidance and support is crucial to increasing your odds of long-term success.
Lender participation is essential to growth in the quantity of loans approved and small businesses assisted. I’m fascinated by how the Walker administration wants to use the success of our social safety net programs to justify killing off these same programs.