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The Small Business Administration (SBA) of the United States offers financial aid to the people of America to set up, operate, and expand their businesses. These loans can be used for a variety of business purposes including business acquisitions and start-ups. The HUB Zone program targets business owners who operate their business in depressed areas to get access to federal agencies. The BS in Business Administration – Small Business degree online was developed in cooperation with business professionals to provide the expertise you need to start and operate a small business.
Similar to the homeowner’s loan program mentioned above, small business owners pledge any available assets and acquire a similar pledge from a spouse or partner in the case of shared assets. Women’s Business Centers (WBCs) represent a national network of over 100 non-profit educational centers throughout the United States and its territories, funded in part through SBA support.
One of the many things that a business owner needs to be aware of is that while his business may be in Region 1, their services might be needed badly in Region 4 as well. Like all crowdfunding site the business seeking funds will need to make a serious marketing effort to campaign for local supporters. The SBA also has special loans for individuals who meet certain requirements, like Patriot Express loans for veterans, microloans for smaller amounts to help startups, export loans, and Capline loans for working capital purposes.
With SNHU’s BS in Business Administration – Small Business degree online, you’ll gain the essential business knowledge you need to start or successfully manage a small business, including budgeting, funding, operations and writing a business plan. To begin, let’s take a more in’depth look at the two most common SBA loan guarantee programs: 7(a) and 504 loans.
With 2,000 clients, 188 business starts and more than $25 million in capital formation, the Tennessee Small Business Development Center (TSBDC) at Volunteer State Community College has been providing that assistance. The Smaller War Plants Corporation accomplished this through providing loans directly to private entrepreneurs, providing incentives to large financial institutions to increase lending to small enterprises and acting as an advocate for small business in the federal procurement process. However, it may be possible to access data on other federal government grants by working with SBA.