SBA Loans

SBA Loans for Startup Business

Administrator — Fri, 25 Jul 2008 03:11:51 +0000

The Small Business Administration (SBA) is an independent agency of the Federal Government, established by Congress to advise and help the Nation’s small businesses.

SBA Programs

Even if you have been turned down by your local bank, a SBA lender may be able to help you. Many SBA lenders will give special consideration to minority and/or women owned businesses. You will still need to meet the credit criteria. These are loans not grants.

SBA loans can be used to provide financing for the following uses:

Read Full Article

Resources for

Startup Business Loans

SBA disaster loans available

Administrator — Fri, 25 Jul 2008 01:54:23 +0000

ACROSS MISSISSIPPI — U.S. Small Business Administration (SBA) economic injury disaster loans are available to small businesses and private non-profit organizations of all sizes located in the State of Mississippi as a result of freezing temperatures that occurred April 15, 2008.

Small businesses and private non-profit organizations in the following counties are eligible: Adams, Amite, Claiborne, Copiah, Clarke, Covington, Franklin, Forrest, George, Greene, Hinds, Issaquena, Jasper, Jefferson, Jefferson Davis, Jones, Lamar, Lauderdale, Lawrence, Lincoln, Madison, Marion, Newton, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson and Yazoo.

Read Full News

Resources for

Startup Business Loans

East Bay Immigrant Women Get Business Boost

Administrator — Thu, 24 Jul 2008 01:51:10 +0000

July 23, 2008

Matt O’Brien–Contra Costa Times

OAKLAND — Dilsa Lugo learned how to cook masterfully in her Mexican hometown of Cuernavaca, but starting her own Bay Area food business was another kind of challenge.

She knew little English and had a young child to raise. In her spare time, she steamed 200 tamales a week in her West Berkeley home, selling most of them to her husband’s co-workers in construction.

If she stopped there, Lugo would be another of countless immigrants finding small ways to patch up household incomes in an informal economy. But Lugo took her business dreams a step further, enrolling in English and entrepreneurial classes, discovering a licensed community kitchen and, this week, obtaining a small cash grant to help grow her budding catering business.

"I did a lot of research about who was going to be my target customer," Lugo said. "The thing is, I don’t have transportation. So, all the food I make, I can only make for 40 or 50 people because I don’t have a truck or something bigger."

Read Full News

Resources for

Startup Business Loans

Need Working Capital?

Administrator — Wed, 23 Jul 2008 05:54:43 +0000

Are your businesses most valuable asset frozen? This program is for businesses that already have clientele. We provide working capital to your business by utilizing your accounts receivable. We can provide your company with the following program to help you to improve your cashflow.

Factoring

Factoring is using your accounts receivable to generate working capital. We will advance up to 95% of the value of your A/R 24 hours after we set up your account.

Read Full Article

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business Loans

California Bank of Commerce tops $100M in assets

Administrator — Tue, 22 Jul 2008 01:44:47 +0000

California Bank of Commerce, the Lafayette startup that this week celebrates its first anniversary, said Friday it reached $103.2 million in assets at the end of the second quarter.

The bank’s total assets grew $23 million, or just over 20 percent, from the first quarter.

Total loans at the end of the second quarter stood at $53.5 million, up $20.8 million over the first quarter. The bank noted it has no residential mortgage loans on its books, and reported no delinquent or nonperforming loans as of June 30.

The bank’s total deposits reached $80 million in the second quarter, up $25.2 million compared with the March quarter.

Read Full News

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business Loans

SBA Loans for Startup Business

Administrator — Mon, 21 Jul 2008 03:48:05 +0000

The Small Business Administration (SBA) is an independent agency of the Federal Government, established by Congress to advise and help the Nation’s small businesses.

SBA Programs

Even if you have been turned down by your local bank, a SBA lender may be able to help you. Many SBA lenders will give special consideration to minority and/or women owned businesses. You will still need to meet the credit criteria. These are loans not grants.

SBA loans can be used to provide financing for the following uses:

* Provide small businesses with working capital
* Purchase real estate premises
* Purchase of furniture and fixtures
* Purchase of machinery and equipment
* Leasehold improvements
* Purchase of additional inventory
* Business acquisitions

Read Full Article

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business Loans

Starting a Small Business in a Bad Economy

Administrator — Fri, 18 Jul 2008 03:05:39 +0000

Smart entrepreneurs can be successful even in tough times

By Mindy Charski

Posted July 17, 2008

Things have been a bit slower than usual over at the Community Business Partnership, a resource for small companies in Springfield, Va. As Barbara Wrigley, an executive at the partnership, guesstimates it, there’s been a 10-to-15 percent drop in folks coming in for information about starting new businesses. "I feel like people are being a little more risk averse these days," Wrigley says.

It’s a natural reaction given all the scary economic headlines, but slowdowns don’t have to be barriers to starting new enterprises, experts say. After all, Bill Gates and Paul Allen didn’t wait for the recession to pass before launching Microsoft in 1975. And plenty of would-be entrepreneurs aren’t waiting for today’s economy to improve either: Of the approximately 3,000 job seekers—mostly managers and executives—surveyed by outplacement firm Challenger, Gray & Christmas, 7.2 percent said they were starting their own business in the first quarter of 2008. Last year’s annual average was 8.1 percent. "The bottom line is anytime is the right time [to launch a venture] if the opportunity is correct and if you as the entrepreneur have correctly assessed and shaped the opportunity," says Dennis Ceru, who teaches graduate courses in entrepreneurship and business strategy at Boston University and Babson College.

Read Full News

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business Loans

CitiFinancial Personal Loans

Administrator — Thu, 17 Jul 2008 02:33:51 +0000

Need money to pay your bills? Get a personal loan from CitiFinancial.

Get More Choices

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business Loans

Center to offer more loans for startups

Administrator — Wed, 16 Jul 2008 03:23:23 +0000

By Richard Craver | Journal Reporter

Published: July 15, 2008

The N.C. Biotechnology Center has expanded a loan program in an attempt to help start-up companies bridge the gap between inception and significant capital investment.

The center said that small biotech companies could qualify for up to $1 million in loans.

"Building a viable biotechnology company requires years of struggle and millions of dollars," John Richert, the vice president of the Business and Technology Development Program for the center, said last week. "And costs keep rising."

"So, we’ve not only increased the caps on these offerings, but we’ve also made some revisions to fill funding gaps and stay ahead of the changing dynamics of the marketplace," he said.

The push for expanding the loan program came from members of the venture-capital community, university technology-transfer offices and entrepreneurs.

The program already has provided more than $16 million to more than 100 startup companies since the center was established in 1984.

The loans are offered in stages, such as inception, research milestones and overall growth. For example, the center offers a $50,000 company-inception loan that’s geared toward corporate spinoffs or startups from universities. There’s also a $50,000 technology-enhancement grant for technology-transfer offices at North Carolina universities.

"That’s to help them make technologies they may have on their shelves more licensable," Richert said.

Read Full News

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business

Equipment Leasing

Administrator — Tue, 15 Jul 2008 03:03:49 +0000

Equipment leasing will preserve your working capital.

Are you starting a small business or have you been in business less than 2 years? As you may know, finding equipment leasing for a small business start up can be difficult.

Not anymore.

Our equipment leasing program for startup / new businesses is designed with you in mind! We don’t require any time in business so you can be a day 1 start up and we can still get your business equipment leasing!

Read Full Article

Resources for

Equipment Leasing

Working Capital

Unsecured Loans

Credit Builders

Startup Business Loans