Tag: obama

President Obama Proclaims National Small Business Week

The U.S. Federal Government is the nation’s largest provider of financial or monetary assistance for small businesses. Since, unlike in real estate transactions, commercial lenders can fund referral fee earned by business brokers helping people buy and sell businesses, this segment of industry is supported by smaller banks and standalone finance companies who understand this sector. So when a business applies for an SBA loan, it is actually applying for a commercial loan, structured according to SBA requirements with an SBA guaranty.

The process can be bureaucratic and painful, especially if the funding bank only dabbles in SBA loans. From the federal Small Business Administration to state programs, you can find many loan sources in California. Expanding your business or buying a new one, financing commercial real estate, buying out a partner, purchasing equipment for your business. The business should be able to generate enough cash to pay back the …