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Region X

Investing in High Growth Businesses
By Calvin W. Goings, Regional Administrator

Whether your small business is in the early stages of development or already thriving and seeking growth capital, you will need to determine whether venture capital financing is right for your company – and if so, how you get it. It’s why the President announced the “Startup America” initiative to celebrate, inspire, and accelerate high-growth entrepreneurship in the Northwest and across the nation.

One of the biggest challenges you face as a business owner, next to starting your own business, is taking it to the next level.

As a seasoned entrepreneur who has successfully navigated around the pitfalls that cause early business failure, you’re ready to grow, then financing your continued growth becomes an issue.

Enter the SBA 504 loan program, especially designed to help small businesses at this juncture.

The Small Business Jobs Act of 2010 (Section 1131) established a three year pilot program to provide direct loans to eligible non-profit intermediaries for the purpose of making small business loans of up to $200,000. SBA partners with experienced intermediaries to assist small business concerns in areas suffering from a lack of credit due to poor economic conditions or changes in the financial market. SBA’s Intermediary Lending Pilot (ILP) Program aims to help business owners start and grow successful enterprises.

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