Joseph N. DiStefano writes about Philadelphia-area enterprise, and the people and money that make it go. If an SBA loan isn’t the right fit, look for small-business loans to meet your needs and goals with the help of NerdWallet’s comparison tool. Mark S. Hayward is the Acting Regional Administrator for Region IV of the U.S. Small Business Administration. Providing access to capital has been one of the SBA’s critical strategies in meeting its objective to drive business formation, job growth, and economic expansion particularly in underserved markets since the Agency’s creation in 1953.
Classes concentrate on the many areas a business owner needs to know to run a successful small business. My America First agenda is going to bring back our jobs and roll back the burdensome regulations that are hurting our middle class workers and small businesses.
While there is a perception that millennials are most interested in their work being fun, the survey reveals that 62 percent would rather have a business that makes a lot of money than a business that is a lot of fun. The last one is quite popular among the aspiring entrepreneurs, one of reason being the easy availability of loans with wide choices, minus hassles.
In the wake of the credit crunch, the U.S. Small Business Administration’s role in helping to guarantee loans for small companies has become more important than ever. A 2011 study by the libertarian Cato Institute found that the biggest recipients of SBA-backed loans in 2009 were restaurants (including fast-food franchises), gas stations, dentists, beauty salons and motels.
Since you’ve been in business more than a year and have decent credit, you may qualify for funding from StreetShares or OnDeck. Nationally, the bank approved 1,801 7(a) loans in 2016, becoming the 7(a) loan program’s fifth most active lender by a total number of loans and 10th by dollar volume.