Small Business Administration (SBA)
The Small Business Administration (SBA) administers several types of programs to support small businesses, including loan guaranty and venture capital programs to enhance small business access to capital; contracting programs to increase small business opportunities in federal contracting; direct loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; and small business management and technical assistance training programs to assist business formation and expansion. SBA’s Office of Entrepreneurial Development will discuss the Jobs Act’s support for your local Small Business Development Center and other resources to provide free counseling and training in areas such as exporting. The Government is also looking for commercial banks to take advantage of the Small Business Administration Loan Guarantee.
They know the Obama Administration will probably understand the situation because of current market conditions. By lowering the risk to lending institutions, these loan programs improve financial visibility and will get banks lending and business borrowing once again.
Micro, small and medium enterprises contribute significantly to product innovation in the marketplace as well as up to two thirds of all new jobs in the workforce,” Sargeant said. While Small Business Administration takes care of loans and helps out people who have been turned down at other places for money, they also deal with a whole host of educational material and training programs.
Start your own business, acquire 100% of an existing business or pay fees to start a franchise. Under this program, the SBA guarantees short-term working capital loans made by participating lenders to exporters. Trump has proposed chopping the corporate tax rate to 15 percent from 35 percent and drastically rolling back regulations.
Furthermore, Small Business Administration assists small enterprises to manage their operations, gain technical experience as well as provide training to their staff or administrators. The UN will call upon these businesses and other entrepreneurs around the world to create an estimated 600 million jobs worldwide over the next 15 years.