The United States Small Business Administration (SBA) offers business assistance and several types of loans and grants to assist small businesses throughout the country. Guests do not want to deal with time consuming administration and they do not want to be kept waiting either when arriving or departing. The last one is quite popular among the aspiring entrepreneurs, one of reason being the easy availability of loans with wide choices, minus hassles. A seller needs to show a strong profitability, competitive edge to stay profitable, sustainability to survive economic downturns, scalability so the business grows, and a business culture so good employees stay. Our relationship with the Small Business Administration helps us serve enterprises of all sizes across any industry you can imagine.

Owning a business can be a rewarding experience achieving a life goal of independence and controlling your own future. These intermediaries typically require some type of collateral and a personal guarantee from the business owner that the loan will be repaid. Personal financial statement of the current year from any person who owns 20 percent or more share of the business. The U.S. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses.

The SBA licenses, regulates and provides financial assistance to privately owned and operated Small Business Investment Companies (SBICs) whose major function is to make venture investments by supplying equity capital and extending unsecured loans and loans not fully collateralized to small enterprises which meet their investment criteria. Promotional material indicate loans are at zero interest but there are monthly fees.

The government will guarantee your loan, if anything happens to your business and you default, the SBA guarantees that they will pay the loan off for you. Working with the government doesn’t mean that your business has to be right next to the Naval Yard that needs a new refrigerator. One reason a business sale is difficult to finance is the seller does not provide a good set of financials that prove the business value to a lender.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.small business administrationsmall business administration