As part of our commitment to the growth of small businesses nationwide, U.S. Bank is a leading participant in the lending programs of the U.S. Small Business Administration (SBA). Small business contracting programs include efforts to ensure that certain federal contracts reach woman-owned and service-disabled veteran-owned small businesses as well as businesses participating in programs such as 8(a) and HUBZone. These business loans are so named after the section in the Small Business Act that offers the provision of these loans. These proceeds can be used in lieu of regular commercial debt, to expand the business or to refinance a long-term debt. The GFC won’t last forever, and when things improve, you will hopefully have a leaner, more efficient, and more profitable business.
The charter of the Office of Small Business was primarily educational, predicated on the stance that the lack of success of many business was insufficient access to …