How To Get A Loan For A Small Business

BBVA Compass was recognized by the Small Business Administration with two awards recently, highlighting more achievements for the bank in its commitment to entrepreneurship. Use of Loan: 504 loans are exclusively for fixed-asset projects such as purchasing land and improvements, including buildings, utilities, parking lots and landscaping; building new facilities or modernizing existing facilities; and buying machinery and equipment.

The Agency also boosts America’s long-term competitiveness by improving the entrepreneurial ecosystem to ensure small business owners and entrepreneurs are well positioned to take advantage of new opportunities and new markets as the economy improves.

This week the Obama administration has indicated that they intend to rely heavily on the existing infrastructure of the Small Business Administration to get funds moving once again through the banking system and into the hands of small business owners.

Marketplace is the largest procurement conference in the state and is hosted by the North Carolina Small Business and Technology Development Center Over 300 attendees took part in the day-long event which included procurement workshops, a luncheon, and networking opportunities for small businesses.

Expand small business access to export financing by increasing the number of lenders providing export financing solutions from 430 to 555 and the number of small business exporters receiving financing through SBA loan programs from 1,346 to 1,480 by FY2015.

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