The U.S. Small Business Administration’s mission is to maintain and strengthen the Nation’s economy by enabling the establishment and vitality of small businesses and by assisting in the economic recovery of communities after disasters. Your chances of being approved are greater if your personal and business finances are in good shape. The SBA also provides loans to victims of natural disasters and specialized advice and assistance in international trade. The Administration and SBA continue to increase efforts and collaboration to provide more opportunities for small businesses to compete for and win federal contracts.
One of the many things that a business owner needs to be aware of is that while his business may be in Region 1, their services might be needed badly in Region 4 as well. Approximately 900 Small Business Development Center sites are funded through a combination of state and SBA support in the form of matching grants.
Disaster Loans – This low-interest loan is available to businesses, homeowners, and renters of all sizes as well as most private nonprofit organizations. SCORE is a national association that is devoted to helping business owners like you and so many others to conceive and nurture your very own business.
With some know-how and preparation, you may be able to secure some of the lowest business financing out there. Do your research and plan ahead to identify areas where your business may fall short. The SBA is the voice of small business and works to advocate for the interests of small business owners and entrepreneurs across government agencies.
Small Business Lending Conference – The National Association of Government Guaranteed Lenders (NAGGL) puts on an annual conference on Small Business Lending. So long as you’re able to deliver the goods per their request, your business is the most able and appealing to the government no matter the location.