Tag: SBA

One of the major aims of the Small Business Administration is to provide access to working capital for qualified new and growing companies. The SBA does not directly lend money to entrepreneurs however. In addition to its SBA loan program, it also offers a venture capital system called the Small Business Investment Company (SBIC.) Here’s what you need to know about this program: The SBIC was established in 1958 by Congress in order to get more financing to growing businesses. It allows […]

When your business is ready to purchase a property or building, one great option for financing is to use a Small Business Administration 504 loan for your commercial mortgage. This government-backed and funded program provides great loan terms and safe financing. Here’s what you need to know: The 504 Loan program was created in 2012 to provide funding to expanding small businesses. It can be used to finance several types of business growth, including commercial mortgages for the purchase […]

Small business in the U.S. are responsible for the creation of two-thirds of the new jobs added to the economy each year. And yet, for these small businesses to continue hiring and growing, finding the business funding can be a challenge. Many big banks and lenders have no interest in making business loans under $250,000 – the cost of underwriting small loans is barely worth the profits on them. In these situations, microloans can be the best solution. A microloan, according to the Small Business […]

Getting past the start-up phase in any small business is a major accomplishment. But it is no time for resting on one’s laurels either. Expanding an established business means finding another round of funding. Where is the best place to find expansion financing? It may surprise you to know that the majority of small businesses use their personal assets or obtain extra funding from family members. According to the 2007 Survey of Business Owners (SBO), 51.2 percent of small employers kept financing […]

In searching for an extra boost of financing for your company you have probably researched resources like angel investors and venture capitalists. One funding group you may not have considered is the Small Business Investment Company (SBIC). There are hundreds of these Small Business Administration-backed investment firms with plenty of ready capital waiting to be devoted to the right company. SBICs have been around for more than half a century and today there are over 300 operating firms. The […]

A Small Business Administration (SBA) microloan can be just the thing for a new business in need of a small infusion of cash.

It can be a tough requirement for some firms, but the collateral stipulation does help keep down the interest rates and fees on these coveted small business loans

When most people think about starting and financing a small business, they probably think of bank loans. However, since the financial crisis, banks have tightened their lending belts, making it much more difficult for small businesses to borrow money these days. The good news is there are plenty of other less-traditional sources of funding available to entrepreneurs. Government Loans The Small Business Administration guarantees all sorts of loans, from microloans of just a few thousand dollars […]