The reading level for this article is All Levels
Getting a small business loan grant is a very easy process thanks to a combination of the Small Business Administration (SBA) and Business.gov, a creation of the Department of Labor. Both of these organizations are dedicated to helping entrepreneurs get access to the financing options that they need in order to get a piece of the American Dream.
The SBA is a branch of the Chamber of Commerce that guarantees loans to women, minorities, veterans, the disabled, business owners financing green programs, and so on. With a portfolio worth more than $45 billion, it is the single largest guarantor of loans in the United States. The SBA has been around for a long time, and despite recent attacks from the Republican congress, the SBA is back on its feet with some financial help from the recent TARP bill.
While the SBA guarantees small business loan grants, it does not have any physical branches that offer them. Though they have for a long time offered their services through chartered banks, prospective borrower now have an easier time than ever getting access to SBA loans with thanks to Business.gov. This website provides borrowers with a very easy interface for locating the loans that they need to operate their businesses; simply select the specifications specific to your business, and you will be presented with a host of available SBA grants, among various other kinds of offers, that you can then apply for.
If you are a veteran, you may also want to check out VetBiz.gov. VetBiz offers loans through the Veteran’s administration, and their new website offers veterans up-to-date information on federal loan prospects and an ability to network with other veterans that are involved business as well.
Getting a small business loan grant is very easy and convenient today for those who need it most, thanks to information technology and some good reform in Congress.