"We've not only shown that commitment through our on-going support of small businesses around the country, but we've also created a product specifically designed to meet the requirements of the SBA."
Las Vegas, Nevada (PRWEB) November 26, 2013
Lending for small businesses in the United States is on the rise, due in no small part to the efforts and support of the Small Business Administration. Wise Business Plans, the industry leader in creating plans for new and expanding companies, is stepping in to help clients benefit from that increase.
"If there are sources of funding available, we want to position our clients front and center to receive it," said Joseph Ferriolo, director of Wise. "We've not only shown that commitment through our on-going support of small businesses around the country, but we've also created a product specifically designed to meet the requirements of the SBA."
The U.S. Small Business Administration partnered with more than a dozen major banking companies two years ago in an effort to show their commitment to increased lending for American small businesses. According to Jeanne Hulit, Acting Administrator of the U.S. Small Business Administration, those banks have increased their total lending by roughly $17 billion in the past two years, and they are on track to reach $20 billion or more in the three years they pledged to the SBA.
"That's billions of dollars just waiting for your business to put it to use in a quest for success," said Ferriolo. "But to get a chance at that funding, you have to show that your company can utilize it responsibly. You do that with a plan that not only meets but exceeds SBA standards."
According to Hulit, the SBA has supported more than $105 billion in lending to more than 185,000 small businesses under the Obama Administration.
"Writing an SBA-compliant business plan can seem daunting, and that sometimes stops new business owners from pursuing it as a source of funding," said Ferriolo. "But what those business owners aren't realizing is that they don't have to go thru it alone. We're here to help."
At stake, he said, is literally billions of dollars in small business funding.
"When you think about the rewards, the quest for SBA funding is clearly worth the effort. And when you realize you're actually minimizing risks by working with a professional planner, it becomes the ultimate win-win situation."
To learn more about The SBA Plan, a Wise Business product specifically crafted for those seeking SBA funding, visit TheSBAPlan.com.
Wise Business Plans (http://www.wisebusinessplans.com), staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.