There are several government programs today that serve government contracts to help small businesses in the development and implementation. Some government programs are designed to support small businesses in general, or to give impetus to entrepreneurs for setting up and expanding business and others that women are targeted for specific categories of small businesses run with some minority and veteran-ownedCompanies.
Although the state AND federal government does not necessarily grants for the creation and development of small businesses, the U.S. government offers a wide range of low-interest loans and venture capital to finance programs for entrepreneurs start and grow their business. In addition, some federal and state agencies give a limited number of scholarships for highly specialized business areas such as scientific research andDevelopment.
The following is a list of government programs that promote small business:
The U.S. Small Business Administration is a federal agency and the largest donor country to the operations of small businesses. In recognition of the fact that small businesses are crucial for growth and stability of the nation's economy in general, to advise her to help, support and protectThe interest of these companies and the maintenance of a competitive free enterprise by strengthening and building the future of the country. It includes a portfolio of commercial loans, loan guarantees, Education and training, consulting, publications, financial programs, support contract management, and disaster loans. The role of the SBA is to help owners of small businesses to start and expand their business and creditby private banks and financial institutions. SBA is not a lender and loans directly to businesses. It really is a guarantor for loans and other financial institutions, the SBA guidelines to follow some private banks. To apply for an SBA loan, you must first go through a participating local bank or financial institution. The loan application is as a request for a commercial loan, structured according to SBA requirements, which receives an SBAWarranty. This warranty is part of the SBA loan to repay the lender should you default on loan payments.
If you and your company with a farm income: a, U.S. Department of Agriculture (USDA) has a Business and Industry (B & I) Guaranteed Loan Program, loans, which works similarly to the SBA. The USDA provides guarantees of up to 80% of a loan from a commercial lender and the loan proceeds to be used for work Capital, purchase of machinery and equipment, buildings and property as well as some types of refinancing. Similar to an SBA loan, you are required to go through your local bank or financial institution to borrow B & I.
Small Business Investment Companies (SBIC)
These have been designed specifically to help small businesses to raise capital. SBICs are privately owned and managed investment firms that provide venture capital and start-up> Financing of small businesses. The criterion for SBIC financing requires that companies meet certain specifications, such as the SBA size with a net worth of $ 18,000,000 or less, after taxes exceeded average, not years, two $ 6,000,000 in the past. When you apply for an SBIC, you have a valid business plan that includes the needs of business, management, finance and funding opportunities.
NewCapital markets (NMVC) Finance
If your business is geographically located in a low income you may qualify for money, usually along the lines NMVC SBIC program. It invests in small businesses located in areas with economic difficulties in the community, both urban and rural areas.
Active Capital is a nationwide advertising service that connects entrepreneurs with angel investors in accordance withwith federal and state securities regulations. Potential investors will receive information on new and expanding small and entrepreneurial company seeks $ 250,000 $ 5,000,000 in venture capital.
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