Financing your business with SBA’s help

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Perhaps no activity in starting up a new business or in laying plans for growth of an existing business will have as much impact on your prospects for success over the long run than ensuring adequate financing.

The U.S. Small Business Administration recommends developing a proposal, including a business plan, and paying a visit to a commercial lender with whom you’ve done business in the past, a place where you are known.

If that lender will make a loan to finance your proposal, then you don’t need the SBA. If, however, that lender declines, or tells you that it can make the loan only if you can line up a guarantor, then the SBA’s 7(a) loan program may be the answer for you...

full article: http://www.sddt.com/News/article.cfm?Sou...0060303crw