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Veteran-owned Aeroforce Logistics Powered by Several SBA Programs
… and Women’s Business Center. The day they signed the loan papers for a $50,000 microloan, they were awarded a … them pack the boxes to meet the contract terms. The loan was paid back within six months. In 2020, they continued to finance growth with an Express loan of $150,000 through Pyramax Bank, and they also received … -
We're Fighting for Veterans this National Veterans Small Business Week
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Write your business plan
… If you have other collateral you could put against a loan, make sure to list it now. Provide a prospective … -
Jim Wilson of Bangor Savings Bank is SBA’s 2023 NH Financial Services Champion
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5 Ways to Get Credit for Your Business
… do it in your company’s name using its tax identification number not your social security number. Here are five ways to get credit for your business: … you will supply your company’s business tax identification number, your business is still required to provide a personal … -
Setting sights on a state-of-the-art dream
… Corporation to secure a Small Business Administration 504 loan. The 504 Loan Program provides long-term, fixed rate financing of up … -
The State of Women in Business
… planning Business management Marketing How to navigate the loan process Opportunities for selling to the government And … help women business owners explore the range of government loan programs offered through SBA. Check out SBA’s Directory … Local SBA offices can also provide information on SBA loan programs, the application process and participating … -
SBA helps socially disadvantaged business do business with the federal government
… Trilogy was able to secure a Paycheck Protection Program loan from First United Bank & Trust. The PPP loan removed the burden of worrying what the future held … Trilogy to retain all their employees. Trilogy’s PPP loan was fully forgiven in July of 2021. While growing their … -
Dandelion Cafe
… difficult to access funding due to collateral and minimum loan requirements, especially as an applicant from the … who helped her access the collateral she needed to get a loan. Through a combination of financing, credit cards, and … to access funding through the SBA Economic Injury Disaster Loan program and the Paycheck Protection Program to recover … -
Creating A Savings Account For Your Business
… substantial profit. You likely will be servicing the loan before you see any revenue from the project, requiring you to use other funds to repay the loan. Access to capital. It's not always easy, or quick, to … immediate action that you could miss while waiting for a loan to close. If you have your own savings fund, you can use … -
What Makes Up a Small Business Credit Report?
… credit report includes: Company information including number of employees, sales, ownership, and subsidiaries … and UCC filings) Past payment history and collections Number of accounts reporting and details Typically, all … incorporation details, ownership, subsidiary details, and number of employees. Other standard information listed in the … -
Celebrating Global Entrepreneurship Week by Encouraging Small Business Exporting
… The SBA’s Office of International Trade has taken a number of steps to ensure that our programs provide the right … marketing products or campaigns. SBA’s export loan programs also help small businesses and manufacturers … -
READOUT: U.S. Senator Ben Cardin Joins SBA Administrator Isabella Casillas Guzman and Small Business Owners for a Webinar on Economic Aid and Recovery in the Mid-Atlantic Region
… SBA updates on the COVID-19 Economic Injury Disaster Loan (COVID-19 EIDL). COVID-19 EIDL is a borrower-friendly small business loan program to help small business owners, self-employed gig … https://www.sba.gov/federal-contracting . COVID EIDL Loan FAQs: COVID EIDL Loans: Frequently Asked Questions, … -
Making Music Together and Building Community in Oregon
… employed. Facing a decrease in revenue, they applied for a loan under the SBA Paycheck Protection Program (PPP), a new forgivable SBA-guaranteed loan program established by the CARES Act to help businesses … teacher is teaching, although we have had to reduce the number of classes,” said Singer, “The PPP allowed us to say … -
SBA Administrator Isabel Casillas Guzman and FTC Chair Lina Khan Discuss How to Enhance Small Business Competitiveness
… Year 2023. The SBA’s historic rulemaking simplifying its loan programs has also led to a doubling of small-dollar loans under the agency’s signature 7(a) loan program. The FTC enforces the nation’s antitrust laws to … -
SBA Emerging Leader Graduate Honored at Export Summit
… respectively with a Preferred Lenders Program ( PLP ) term loan refinancing existing debt. At the NASBITE awards … -
SBA Programs and Services for Native American Entrepreneurs
… get the access to capital they need. Whether it’s a 7(a) loan , 504 loan , or microloan , the SBA has an option that is suited … -
Seniors Win in Small Business
… your new lifestyle. Here at SCORE, we know age is just a number. While Baby boomers are no longer the largest American … beyond the business and into the community. A study of loan applications by Biz2Credit found that while younger … older entrepreneurs were more likely to have their loan application approved. Older applicants had a longer … -
SBA Opens Second Business Recovery Center in Mississippi; Centers to Close for July 4th Holiday
… apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to … not paid by insurance or other sources. The SBA disaster loan program is designed to help survivors with their …