SBA Loans

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Dec 6th, 2016
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We’ll take a look at the 5 predominant methods to finance your business: money, personal debt, business debt, fairness / shares and a pledge to share future earnings. On April 6, 2016, the U.S. Small Business Administration (SBA) published within the Federal Register a proposed rule to amend its disaster loan program rules in response to changes made to the Small Business Act (the Act) by the Recovery Improvements for Small Entities After Catastrophe Act of 2015 (the RISE Act).

Based on authorities offered in these two statutes, the rule establishes a Government-extensive mentor-protégé program for all small business concerns, per SBA’s mentor-protégé program for Contributors in SBA’s 8(a) Business Improvement (BD) program.

This is much more prevalent amongst black girls the place 47% said they have encountered obstacles in trying to obtain business finance, while you evaluate this to the 28% of caucasian girls who mentioned the identical, this is most certainly as a result of they’re viewed as less likely to succeed by lenders.

The SBA is also streamlining the certification process and information for federal contracting and continues to aggressively root out fraud, waste and abuse in small business contracting to make sure that contracting dollars go to deserving small businesses.

The U.S. Small Business Administration (SBA) is revising the laws for the Small Business Investment Company (SBIC) program to develop permitted investments in passive businesses and provide additional clarification with regard to investments in such businesses.

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