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Since 1953 the Federal Government's Small Business Administration has helped small businesses do just about anything that is involved with starting, running and growing a small business. Their small business start up grants are the most popular. They have a vast amount of services that are extremely useful if you plan on finding information about a small business start up grants. If you are ready to venture into the world of business ownership... If you are ready to venture into the world of business ownership you have to do a lot of research. A good place for you to start is your local Small Business Administration (SBA) office. Most of their offices have a resource room that is full of business related materials. They also have information about starting different types of businesses.Most of their services are free. Most of the SBA offices are affiliated with a low cost consultant service called Service Corps of Retired Executives (SCORE), that helps new and start up businesses with all types of business related questions. Check with your local Community College and ask for their Continuing Education class schedule for information about business related classes. Most of these classes are very inexpensive and very useful for start ups. If you do not have a local SBA, check with your local government office, they should have similar types of services that can help you in the same manner as the SBA.
Information About Small Business Loans, Grants, & Venture Capital
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7(a) Loans |
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This is the most popular Small Business Administration (SBA)
business loan program.
The
7(a) loan may be used for most business purposes including
start-up, expansion, equipment purchases, working capital,
inventory or real-estate acquisition or just about anything that
is related to growing your small business.
The SBA can guarantee up to
$750,000 of a private-sector loan.
Interest rates for 7(a) loans are negotiated between the
applicant and the lender. |
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Low Documentation Loan (SBALowDoc) |
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If
you are looking for a small business loan of $150,000 or less,
SBALowDoc may be your answer. |
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SBAExpress |
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SBAExpress encourages lenders to make more small loans to small
businesses. Lenders approve loans of up to $150,000. Lenders can
also offer revolving lines of credit to borrowers. |
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SBA Loan Prequalification Program |
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Offered to armed forces veterans, minorities, women, exporters,
rural small business owners and business owners in certain
specialized industries, this program enables the SBA to
prequalify an applicant for a 7(a) loan guaranty before the
applicant goes to a bank. The maximum loan amount is $250,000.
The application will focus on your character, credit, experience
and reliability rather than assets. |
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7(m) MicroLoan |
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The MicroLoan Program provides short-term loans of up to
$35,000. If you need a loan for small-scale financing purposes
such as inventory, supplies and working capital, this program
may be your answer. |
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CAPLines |
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This program features five types of loans for financing the
short-term and cyclical working-capital needs of small
businesses: Seasonal, Contract, Builders, Standard Asset-Based,
and Small Asset-Based. The SBA can generally guarantee up to
$750,000 of a loan. |
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504 Loans |
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The 504 Program provides long-term, fixed-asset financing
through certified development companies. The maximum SBA
debenture generally is $750,000 (up to $1 million in some
cases). |
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Defense Loan & Technical Assistance (DELTA) |
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Created for defense-dependent small firms that have been
adversely affected by defense cuts; the maximum DELTA loan is
$1.25 million. |
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Physical
Disaster Business Loans |
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Up to $1,500,000
($1.5 million). Any business that is located in a declared
disaster area and has
incurred damage during the disaster may apply for a loan to help
repair or replace damaged property to its pre-disaster
condition. |
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Community Adjustment & Investment (CAIP) |
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CAIP loans are intended to create new, sustainable jobs and
preserve existing jobs in businesses at risk due to changing
trade patterns with Canada and Mexico. |
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Export Working Capital Program (EWCP) |
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The EWCP provides short-term loans to small businesses for
export-related transactions. Under the EWCP, the SBA can
guarantee up to 90 percent of a secured loan or $750,000. |
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International Trade Loan (ITL) |
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This program offers short- and long-term financing to small
businesses involved in exporting. The SBA can guarantee up to
$1.25 million for a combination of fixed-asset financing and
working capital. |
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Pollution Control Loan |
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To
be eligible for this loan, your business must design, build,
install or service a pollution control facility. Maximum SBA
exposure under the program is $1 million. |
More Info About Small Business Finance Sources...
Small Business Finance Sources
One of the most important steps in finding small business finance sources is to figure out how you are going to get financing for your new business venture. Small Business Start Up Grants
The U.S. Federal Government is the nation's largest provider of financial assistance for small businesses start up grants, small business start up loans and other small business start up resources that can help a small business to succeed. Small Business Start Up Loans
Steps to help you pick the right bank...Starting a small business in today's environment can be frustrating and time consuming.
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