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We’re getting the word out on how the federal government can help start-ups. This blog article is the fourth in our series cataloguing programs for high-technology entrepreneurs (sometimes referred to as “high-growth, high-impact firms” or high-tech start-ups). So far, we’ve written about grant programs, loan programs, and technical assistance. This week, we’re featuring programs and organizations that provide education, counseling and other similar services to high-tech entrepreneurs. Starting a business...
We’re getting the word out on how the federal government can help start-ups. This blog article is the third in our series cataloguing programs for high-technology entrepreneurs (sometimes referred to as “high-growth, high-impact firms” or high-tech start-ups). In the first part of the series, we looked at grant programs. Last week, we outlined loan programs. This week, we’re highlighting five technical assistance resources for high-tech start-ups. What is Technical Assistance? For start-ups, technical assistance...
This second blog article in a series catalogues government programs specifically targeted at technology startups and entrepreneurs (sometimes referred to as “high-growth, high-impact firms” or high-tech start-ups). In the first update, we looked at grant programs. This week, we’re featuring federally -sponsored loan programs. Whether used for equipment, personnel, working capital or other start-up costs, a loan can provide the financing an entrepreneur needs to launch a new idea. However, getting credit can be difficult for...
By Dennis Byrne Whew! You started a small business, navigated your ship of commerce through turbulent waters and now it’s cruising along. Congratulations! Now, your next big business challenge is to take that thriving business to the next level. Expanding what you’ve built is a challenge just as great as getting it started. But, there is help out there. Enter the SBA 504 loan program, especially...
If you’ve spent any time reading through the Loans and Grants discussion board, you would notice that one of the most commonly asked questions is “how do I get a grant from the government to start a business?” Despite what you might be led to believe on late-night infomercials, there is no free money or grant available from the federal government to start a business. However, in certain limited circumstances, the government does provide grants to businesses that help create jobs. Many of these government grant programs are...
By David Hall Everybody knows that to start or grow any business you need money, greenbacks, dough, moolah – whatever you want to call it – be it cold, hard cash or intangible yet equally effective credit. What’s not always clear, however, is where to get it, and that’s the real challenge. Most new businesses, and even some established ones, have to resort to creative methods of raising needed capital, methods that may work in the short run but be inadvisable for the long haul. Mortgaging your house, using...
By Dennis Byrne We work in them or we work near them. We live in them or we live near them. They are underserved communities – places where times are tough, jobs are few, and many small businesses struggle. Underserved communities were hit disproportionately hard by this recession and need our help and focus more than ever. But how can we get small businesses, the “backbones” of these communities, back on their feet to perform the vital role they play in these economies? The U.S. Small Business Administration (SBA) is...
By David Hall A big part of the American Dream is the possibility of owning and running your business. That, of course, takes money, which begs the question how to finance your dream. There’s a widespread misconception, fueled by (sometimes unscrupulous) late-night infomercials, that there is money galore out there in the form of grants to start or expand your own business. While the popular, wishful approach to financing your business with OPM, Other People’s Money, is certainly attractive, it usually doesn’t work...
When entrepreneurs plan to start or expand their businesses, one of their main concerns and needs is where to find the necessary financing. The U.S. Small Business Administration is the largest backer of commercial loans for small businesses in the U.S., offering a variety of loan guaranty programs to accommodate most small business financial needs. Borrowers who come to the SBA for assistance often hear about the CDC/504 Loan Programwhich is one of the two most popular loan programs offered by the agency and is designed to...
When giving or receiving a corporate distribution, it is important to understand the tax laws that regulate your actions. The following information explains what is considered a corporate distribution, and provides tips for understanding your options. Means of Distributing Income For corporations, taxes associated with distributions to shareholders generally fall under one of two options: An “S-corporation” typically pays no tax on its own; rather, income flows through to the shareholders, and they pay the tax personally. With an...
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by nicoj, Community Moderator on Tuesday, August 16, 2011 - 12:57