Our suite of business loans enables you to fulfill your business needs, with straightforward terms and great rates. 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 purpose of the program is to stimulate growth and expansion of small businesses within cities, regions and states having an SBA-approved Certified Development Company, thereby creating more jobs, increasing the local tax base, and expanding business ownership opportunities. The Patriot Express Loan Imitative is a new loan program for veterans and member of the military community wanting to establish or expand a small business. Which means lower monthly payments and more opportunities to keep capital in your business. It provides direction and guidance to 900 private Small Business Development Centers throughout the United States.
Doing the following in your business will help you in making your faith, family, and friends your real priority. The SBA recognizes that small business is critical to America’s economic recovery and strength, to building America’s future, and to helping the United States compete in today’s global marketplace. This is a great way to find a local network of business owners and like-minded individuals.
Meet with one of our Business Development Officers and they will walk you through the process step-by-step. Businesses are also eligible for long-term, low-interest loans to recover from declared disasters. At the menu prompt, select 6, then extension 3875 to speak to a Business Services representative. Identify any presently exempt positions that will be impacted and plan for appropriate changes. Like other federal organizations, the Small Business Administration doesn’t lend money to users directly. Expert faculty with years of field experience will help you grow into an effective business leader. Clients say they have benefited in everything from formulating business plans to advice in marketing.
The package comes in an envelope and contains a small business guide, forms to fill out for taxation purposes and contact list of local small business counseling agencies and taxation department in your state. If your business is relatively new to the contracting game, it is best to try local contracts first to test the waters. As long as no one in your county is using that business name, you will be able to register it. If not, you will need to come up with a different name. If you would like more information about business taxes and forms a good site to go to is the /states/minnesota site.