The SBA was created to help the backbone of the United States Economy: Small Businesses.
(PRWEB) October 04, 2011
The SBA (Small Business Administration) is a government organization that was formed to assist small businesses. The SBA helps educate small business, as well as help them find the funding they need. The SBA also helps educate small business through its website sba.gov
SBA.gov states that "Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses."
The Small Business Administration works with business lenders to "provides small businesses with an array of financing for small businesses from the smallest needs in microlending --- to substantial debt and equity investment capital (venture capital)." (http://www.sba.gov/about-sba-services/what-we-do).
Because the Small Business Administration words with business lenders, this means that to get and SBA Loan a business must seek it from a lending institution, not directly from the government.
Because SBA Loans are so valuable to small business UnsecuredBizLoan.com now offers SBA Loans for new and existing businesses. UnsecuredBizLoan.com states that "while not a direct lender, they do help small businesses find lenders they otherwise wouldn’t by backing a portion of the loan. In today’s financial markets, this has become more critical due to the tightening of lending by lenders. Getting an SBA loan might critical for the success of a small business. This is because small businesses need to be able to borrow money for various reasons. An SBA loan can help a small business expand their business at critical moments, buy necessary equipment to function, as well as helping some small businesses start up in the first place. Especially for new businesses, it’s almost impossible to get funding from traditional sources. The fact of the matter is newer small businesses don’t have good enough credit, long enough business history, or anything to show traditional lenders that it’s wise to lend to them. These lenders see too much risk in lending to them, which is understandable. However, it’s important for an economy to have diversified and competing businesses and ideas. SBA loans can be the only for small businesses to really take off in the market place. Without SBA loans, some successful businesses wouldn’t be around today. If you feel that your small business could truly benefit from a loan, you should seek out SBA loans. This might be your only chance to make a positive impact on your business, your employees, and the economy."
The SBA has made it possible for businesses of every size to get the financing they need to be successful, time will tell if businesses in this struggling economy take advantage of what the SBA has to offer.