The Small Business Administration Has Been Providing Small...

The Small Business Administration has been providing small businesses with funding since 1953. The purpose of SBA is to continue the path of free trade and competition that United States businesses have enjoyed and prospered from. SBA does not offer grants directly to for-profit businesses, only not-for profit businesses, financial institutions, and government agencies for the disbursement of SBA loans. Loan programs that are available include homes for home based businesses. 7(a) Loan Guarantee Program The SBA offers a loan of up to $2,000,000 to small businesses that are just getting started. This is considered to be the most flexible type of business loan program available through SBA as it covers a wide range of business types. The 4 types of 7(a) loan programs are as follows: Express Programs - These loans have a turn around rate of 36 hours and typically are good for $25,000 of less. Export Loan Programs - Given to companies that are able to export goods and need extra capi tal for export sales. A loan maximum of $2,000,000 applies to this program and a 500 employee limit to the company is also mandated. Rural Lender Advantage Programs - This gives small lenders in rural areas guaranteed backing for business loans in rural area, particularly agricultural loans. Loan amounts available will depend on the factors of credit, property size, and business growth possibilities. Special Purpose Loans Programs - This program is designed to help businesses affected by NAFTAShow MoreRelatedHistory Of The Small Business Program1500 Words   |  6 Pageshistory of the small business program, explain the small business set-aside program, assess the dollar threshold for small business contracts, the purpose of source selection evaluation plan, and ranking of criteria for the scenario. History of the Small Business Program In 1932, President Hoover tried to mitigate the Great Depression by creating The Reconstruction Finance Corporation (RFC). The purpose of the RFC was to try to help businesses no matter what size large and small by providing federal fundsRead MoreEntrepreneurial Leadership1321 Words   |  6 Pages Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit In a time where greed and self-absorption is rampant, a very simple idea has made Southwest Airlines the largest and most profitable domestic airline today. That simple idea is do the right thing and do thingsRead MoreThe Concept Of An Entrepreneurship1345 Words   |  6 Pagesby many different people. The Business in Action textbook defines entrepreneurship as the combination of innovation, initiative and willingness take risks required to create and operate new businesses and an entrepreneur as a person with positive, forward-thinking desire to create profitable, sustainable business enterprise. According to this definition, a small business owner could definitely be classed as an entrepreneur, as anyone who runs and owns their own business is taking risks with their financesRead MoreA Brief Note On Start A Successful Business1170 Words   |  5 Pages12/11/14 How to Start a Successful Business Have you ever thought about starting a business? Millions of Americans do. This is your guide on how to begin. Through the implementation of a business plan along with thorough market research, you will gain the sustainability needed to begin a business. These techniques have been tested by those in the business and are backed up by extensive research. This paper will not only help others on their journey to starting a business, but myself as well. I hope toRead MoreRestaurant Business Plan For A Private Limited Company Essay1671 Words   |  7 Pages RESTAURANT BUSINESS PLAN We as a group were to decide on a business to start and after talking it over for a while, we ended up picking a restaurant as our business. We first did our research on a restaurant as a business and how it operates. Restaurants come differently throughout the world. Some are fast-food establishments, where everyone can dine in at an affordable price, yet the quality is not that great. There are some restaurants that serve all the meals throughout the day (breakfast,Read MoreEssay about Devastating Effects Of Katrina1542 Words   |  7 Pages As of recently, the relief efforts have been going well. Almost 75% of the debris caused by the storm was removed by the Federal Emergency Management Agency in Mississippi and 54% in Louisiana. FEMA has approved $585 million in community disaster loans to help local authorities maintain essential services such as law enforcement, schools and fire services. More than 1.8 million housing inspections have been completed in Alabama, Louisiana, Mississippi and Texas. The U.SRead MoreIs Money A Corrupt?977 Words   |  4 PagesIs Money Speech. The funding of political campaigns and lobbying is one area where the freedom of â€Å"speech† should defiantly be restricted. In the 2000s, a series of court cases that culminated in Citizens United v. FEC have destroyed the ability of the American people to properly regulate election spending. As a result of this, the government has become massively corrupt, the government is now even less accountable to the American people, and the country has been greatly destabilized. Of course,Read MoreSpeech : Is Money Speech?919 Words   |  4 PagesIs Money Speech? The funding of political campaigns and lobbying is one area where the freedom of â€Å"speech† should defiantly be restricted. In the 2000s, a series of court cases that culminated in Citizens United v. FEC have destroyed the ability of the American people to properly regulate election spending. As a result of this, the government has become massively corrupt, the government is now even less accountable to the American people, and the country has been greatly destabilized. Of course,Read MoreAn Overview Of The Business Support Infrastructures And The Sme Sector And Business Start Up Activities1507 Words   |  7 PagesAn overview of the business support infrastructures and their role and contribution to growth and development of the SME sector and business start-up activities. Introduction Over the course of last forty years, the government perceptions and importance of small and medium sized enterprises have changed from being equivalent to technological backwardness and having modest economic contributions to containing such dynamic and innovative enterprises which contribute to and are an integral part ofRead MoreAbstract. Project Management Is An Essential Tool Which1713 Words   |  7 Pagesis an essential tool which benefits businesses. There are numerous positions relating to it, but is it enough to categorize it as a profession? The introduction will provide some essential definition and remind us what is the project management about. Then, I will develop two opposed point of view on this matter, the first one answering negatively and the second one positively to the question asked above. The outlook will be defined progressively by providing some elements required to be a project