Stop by or call to speak with a Loan Officer about utilizing a SBA loan to help allow your dream business to come to life or expand. Alas, the idea went nowhere, amid opposition from the small business lobby and the small business committees in the House and Senate with which that interest group enjoys a symbiotic relationship. But 18 months after the hurricane devastated New Orleans, few local small businesses had been helped either with loans or federal contracts.
These loans are categorized into various types such as the SBA 7(a), SBA 504 and SBA Express and Patriot loans in order to meet the requirements of different businesses. The Investment Company Act of 1958 established the Small Business Investment Company (SBIC) Program, under which SBA licensed, regulated and helped provide funds for privately owned and operated venture capital investment firms.
Applicants who do not qualify for disaster assistance loans are referred to the Federal Emergency Management Agency (FEMA) for grants. By taking advantage of all the resources available, you can start and grow a successful business. Potential for low employee engagement or desire for the status quo within the Office of Business Development.
Womenâs Business Centers are mandated to serve a significant number of socially and economically disadvantaged individuals. The event was facilitated by Thaddeus Hammond, SBA Business Opportunity Specialist; Rosalind Bryant, SBA Lender Relations Specialist; and Natalie Hall, SBA Economic Development Specialist.
There are 3 ways to use the SBA 7(a) Loan program when looking to finance your first business using a bank loan. We partner with our clients, and their trusted M&A advisors, to navigate through the critical stages of acquiring a business and continue to provide financing support through the execution of the transition plan and growth strategies.