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The Small Business Administration (SBA) can loan money to homeowners, renters, and business owners. Not to bore you with the details, but the only exceptions are almost minuscule, namely the guarantees are not used for business ventures involved in gambling, aquariums, zoos, golf courses, or swimming pools. For loans above $350,000, lenders are required to take all available collateral.
The rural areas of Arizona can get funds to start their own business or expand an already existing business. Renewed efforts by the Bush Administration to end the SBA loan program met congressional resistance, although the SBA’s budget was repeatedly cut, and in 2004 certain expenditures were frozen.
The government will guarantee your loan, if anything happens to your business and you default, the SBA guarantees that they will pay the loan off for you. The SBA works to ensure that small business entrepreneurs can effectively access and navigate small business programs across the federal government.
These training grants that support the company’s Safety and Quality Management System Upgrade from its existing 15 years of ISO 9001 Certification to AS 9100 Rev C to enable it to do business for the aerospace industry. If your score is not in its best shape, you can come up with a thorough business plan or collateral.
Business size for Primary Industry: Requiring that the firm stays small for its primary industry while participating in the 8(a) program. Our SBA Business Development Officers have broad and diverse industry experience building relationships with small businesses.