Small Business Administration loans may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business. Social Media Intro for Entrepreneurs and Marketing Professionals workshop of Volunteer State Community College’s Tennessee Small Business Development Center, 9-11 a.m. Tuesday, March 22, 1480 Nashville Pike, Gallatin, TN in Building 300. Low income borrowers, disabled business owners, exporters, rural and specialized industries are the target for this program.

Since American business is small business, it comes as no surprise the federal government has been preparing and supporting entrepreneurs for decades. Besides this, you can get loans from financial institutions, insurance firms, and mortgage bankers. The US Department of Agriculture provides business loans to small businesses and rural entrepreneurs.

Now that we have that part covered, its time to visit your town’s hall of records to get your business name registered. In my opinion the best way to create an extra income for yourself is via an internet business. An SBA loan may be used to acquire an existing business, expand your business, purchase equipment, consolidate business debt, finance owner-occupied real estate, and/or provide needed working capital for a growing business. In the end it will be the community supporters who determine if the business gets a loan.small business administration

Bob’s business took an initial hit financially, however, over the course of only 6 months, he replaced the income. In addition to business training services, 68{038fb2ef5c1b7aeaab104e24389b2fd3cf34e6bad75a3e48d47ab0d8cb499c83} of WBCs provide mentoring services, and 45{038fb2ef5c1b7aeaab104e24389b2fd3cf34e6bad75a3e48d47ab0d8cb499c83} provide microloans. Small business loans, credit lines, and working capital financing are just a few of the areas where they are concentrating their efforts. True it would be impossible for a small business to compete head to head with a big box business but think of it this way. When writing a business plan and starting a business its very easy to convince yourself that you know what’s best.

While the business must be in operation for a year, all of that time does not necessarily need to be devoted to exporting. Other offices include the Entrepreneurial Development, Congressional and Legislative Affairs, Field Operation, Government Contracting and Business Development Hearings and Appeals. The Small Business Administration (SBA) was created by the Small Business Act of 1953 and derives its present existence and authority from the Small Business Act ( 15 U.S.C. 631 et seq.) and the Small Business Investment Act of 1958 ( 15 U.S.C. 661 ).small business administrationsmall business administration