As successful businesses expand, they need money to help fund that growth. This is where the SBA 504 loan program may be able to help. Also called the Certified Development Company/504 Program, this is a long-term financing tool for economic development within a community. It provides growing businesses with long-term, fixed-rate financing for major fixed […]
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If you’re a female entrepreneur interested in taking on a government contract, the SBA has recently earmarked some contracts just for you under the Women-Owned Small Business Federal Contract Program. What this means is that federal agencies are now permitted to restrict competition for a particular set of government contract and direct them exclusively at
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The SBA has been an important resource for many small businesses, but now information can be accessed on the go. The SBA has recently released an app that lets people look up the information they want directly from their phone. Developed and donated as a gift by Palo Alto Software, Inc., the SBAapp will make
The Wall Street Journal has pulled together a few myths people believe about SBA loans, and the real truth behind them. The SBA only lends to people in dire need. It’s common to hear the SBA described as a “lender of last resort.” In some ways, there’s good reason for this: The agency’s Office of
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With National Small Business Week approaching next month, the SBA is getting prepared to celebrate. From May 18th to 20th in Washington D.C., the SBA will be hosting a variety of events under the theme, “Empowering Entrepreneurs.” It will also mark the 58th anniversary for the SBA, and the 48th anniversary for the creation of
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If the mortgage on your commercial real estate property is a little too high to handle, the SBA has recently set up a new program to help property owners refinance, reports Boston.com. Small business owners with eligible COMMERCIAL REAL ESTATE mortgages maturing after Dec. 31, 2012, will be able to secure more stable, long-term financing
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The SBA has recently proposed revisions that would make a few adjustments to the definition for small business. This change would adjust the revenue-based size definition that a business needs to meet if they want to fall under this category, reports Times Record News. As part of its ongoing comprehensive review of all size standards,
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According to Daily Globe, the US Small Business Administration has begun accepting grant proposals from organizations that are interested in offering training, guidance, counseling, mentoring, and procurement assistance to small businesses. Under this new program, the SBA expects to make 10 to 20 grant awards for fiscal year 2011. To be eligible for these grant
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