|
|
|
BAD NEWS - WHY THE FINANCIAL NEWS MEDIA CAN COST YOU MONEY!
The communication innovations we have around us today like the internet, financial newspapers, and special interest television channels focused on investing like CNBC are a high speed pipeline of nonsensical chatter. All these sources of information...
Innovation Management – How Does The User Benefit?
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.
There are distinct processes that enhance problem identification and idea...
Revolutionary MicroPad properties hit Leeds
Something special in property is happening in Leeds. Released at the Manchester Property Show in July, the 20|20 House project is a massive new mixed development just 2 minutes from Leeds bustling city centre. The development contains 242...
Why Small- and Medium-Sized Businesses Should
As the owner or an employee of a small- to medium-sized business, you might have never thought about media monitoring. Maybe you are not even sure what exactly is meant by this and have thus ignored it so far. But you should take some time to get...
Why Small- and Medium-Sized Businesses Should Monitor the Media
As the owner or an employee of a small- to medium-sized business, you might have never thought about media monitoring. Maybe you are not even sure what exactly is meant by this and have thus ignored it so far. But you should take some time to get...
|
|
| |
|
|
|
|
|
|
Small Business Loan
Do you have a great idea? Are you an entrepreneur at heart? Then
what are you waiting for, now is the time to start your small
business. The best way to get started is to secure the financing
you will need to fund your small business. Fortunately, the
government has a small business
loan program that will help you get your business off the
ground.
The Small Business Administration was officially established in
1953 to help small businesses receive the funding they need to
be successful. This government backed institution was
established to grant financial support to companies that cannot
receive financing through the typical commercial lending
channels. By lending to small businesses the government is able
to encourage innovation and competition in the capital market,
thereby offering a valuable service to both the benefactors of
the loans as well as to end consumers. Thanks to the business
loans served through the SBA loan process, more then 20 million
small businesses have taken advantage of the opportunity to
compete with their respective market leaders since the SBA's
inception.
Now if you hope to get your small business off the ground then
you will definitely need an SBA loan. Without an SBA loan you
basically have very few options for financing. The harsh reality
is most commercial lenders are unwilling to take the time or
risk to lend to small businesses and first time entrepreneurs.
Though your great idea may warrant a small business loan,
commercial lenders are just not interested in serving this niche
of the lending market. Some small businesses do get off the
ground thanks to angel investors who invest their own money into
a company in return for partial ownership in hopes that the
company will take off and eventually have an initial public
offering allowing the investor to exit the company with
substantial
Associated Websites
returns on his capital. But this sort of financing
is hard to come by and very expensive as you are forced to
relinquish ownership in your company for relatively small
amounts of money. Thus your only real option is to seek out an
SBA loan.
You can work directly through the SBA to obtain a small business
loan. The government has some funds set aside to meet the
demands of small businesses. The typical SBA loan will range
from $5,000 to $35,000 and can be used for almost any legitimate
business purpose. An SBA loan can be used for a variety of
different purposes, and you can learn more about the small
business loan program by visiting the official site of the SBA,
located at SBA.gov
Though commercial lenders will not typically lend to you through
the traditional channels, many will be willing to offer you
financing known as an SBA commercial loan. For all intents and
purposes, this is merely an SBA loan that is financed and
serviced by a commercial organization. An SBA commercial loan
retains all the terms and conditions associated with a normal
SBA loan and typically includes the government as a guarantor of
the loan. That is to say, should your small business fail and
you are unable to payback the commercial lender, the government
will step in and cover the balance of the loan. For this reason
some commercial lenders offer SBA commercial loans since most if
not all of the risk is absorbed by the government.
Whether you are interested in an SBA loan or an SBA commercial
loan, the Small Business Administration is here to answer all
your small business loan
questions and concerns.
Adam Smith is an informational author for 10X
Marketing. For more information on small business loans please
visit SNCLoans.com
About the author:
None
|
|
|
|
|
|