Navigating the World of Loans and Lenders
Monthly Archives: April 2012
The majority of business owners, especially small business entrepreneurs need small business loans and grants for various purposes like, to start the business, for working capital or for purchasing new buildings and equipments. A handful number of funding opportunities are there in the market and these funding are offered by both government and private lenders particularly for business people. You can find a lot of information about these funds providers and their offers of various lending schemes over internet.
US government plays a major role to set up new businesses and also it’s funding. So, if you are an entrepreneur planning to set up a new business, it is a good idea to search for small business loans and grants offered by government. Government has a separate organization name US Small Business Administration (SBA). This organization assist entrepreneurs and small business owners in many different ways like, providing different kinds of grants, finding nominated and enlisted lenders and recommend your business organization name to them, provide guaranteed approval to help you to avail loans from lenders etc. You can find their various services in details on their website e.g. http://www.sba.gov .
Government assistance for obtaining loans
US Government usually do not offer any direct small business loans and grants to the business owner. They have their own list of lenders in different states and government use to play a major role to make a bridge between the appropriate lender and borrower and also help to secure interest for both sides. Sometimes government also distributes some of their finance aid program through these lenders to small business owners. Once you enlist your business profile with them, you can be able to avail required amount business loans from the enlisted lenders very easily and sometimes SBA provide guaranteed approval in favor of the borrower, so that lender can sanction a big amount of loan.
Grants from Government
US Small Business Administration also provide various grants to entrepreneurs as a help to their business, but specially focused on non-profit organizations and other groups. For example, grants provided for expanding child care centers; creating energy efficient technology; and developing marketing campaigns for tourism industry. These grants are not the free money, and usually require the recipient to match with other forms of financing such as a loan. But, the amount of the granted money varies with each business and each grantor.
Small business loans and grants from US government is such helping tool for an entrepreneur, through which you can easily obtain loans as working capital, start up business capital or for any other emergency needs from any registered lender and government also plays a safeguard role for both the lender and borrower.