Some 40 percent of small businesses never reopen after a disaster, according to the Federal Emergency Management Agency. The SBA defines a small business as one that is independently owned and operated, which is not dominant in its field and which meets certain criteria based on industry classifications. These are two great sources that will help you get started in developing your business while saving you time in finding the information you need, hope this helps. The Small Business Administration helps Americans start, build and grow businesses.
The entrepreneurs need to have a workable business plan and meet the required basic criteria to avail the loan or grant from SBA supported institutions. The administration of the SBIC program is handled by the SBA Central Office in Washington, D.C. Basically the SBA loans fill a large void in the market that banks would not be able, due to risk, to fill. …