Capital access is one of the most prominent hurdles startups and small enterprises face when running their businesses. The Small Business Administration (SBA) assists small businesses to stay afloat by providing financial counseling, contracting expertise, and business loans. It runs several programs and offers various resources to help these businesses to break even and remain viable.
4 min read
SBA New SOP 50 10 7 Changes: What You Need to Know
By Private Practice Transitions on May 30, 2023 1:28:32 PM
Topics: SBA Loans SBA Financing Small Business Administration
2 min read
Buying a Business Is Easy: 5 Steps To Secure SBA Financing
By Justin Farmer on Apr 21, 2015 2:40:21 PM
One of the most daunting aspects of striking out on your own is the inherent financial insecurity. You are exchanging constraint and stability for freedom and risk. Hesitance is normal, but it should not stop you from chasing your independence, especially when there are government agencies designed to help. One of these is the government-backed U.S. Small Business Administration (SBA). The SBA’s business financing programs “[provide] small business with an array of financing…from the smallest needs in microlending – to substantial debt and equity investment capital.” The most common SBA small business loan allotment is about $130,000-140,000. Yet they range from just $5,000 to $5,000,000.