|
March 18, 2008
Business Funding for
Women and Minorities
The SBA doesn't have loans specifically
for women and minorities, but they have a lot that women and minorities
can access. Plus, there are a number of other sources ...
Here is the full story from Fortune magazine
How to Win Federal
Contracts
The U.S. Small Business Administration this week launched its latest
free online course, Business Opportunities: A Guide to Winning
Federal Contracts. The instructional, self-paced guide is easy to
follow and available on SBAs Website at
http://www.sba.gov/training. From the SBAs training site,
click on the menu of free online courses, and then select the first
course listed under Government Contracting.
The Business Opportunities online course is designed for all small
businesses, especially women entrepreneurs and small firms in
underserved markets that have historically had difficulty in tapping
into federal contract markets. The course is comprehensive and uses both
script and audio to provide information about the $400 billion federal
market, contract rules, and most importantly, where to find contract
opportunities and how to sell to the government.
Great
Business Idea: An Accordion Store, with a Twist
So who says accordions must be sold in
a brick and mortar store? This enterprising entrepreneur found a
ready market in the internet, and now reaches many, many clients that he
would never have known before. So many, in fact, that he's now
making $250,000 a year.
Read the
whole story here
|
|
|
11 Inner Cities to Benefit from SBA Program
The Emerging 200 program will focus on
small companies that are poised for growth and potential job creation.
It will enable entrepreneurs from 200 companies nationwide to
participate in intensive training with a comprehensive curriculum
focused on developing strategies to promote growth and to attract
capital.
Research shows that small firms with
fewer than 20 employees created 80 percent of the net new jobs in the
economy from 1990 to 2003, according to the SBA. Also, small businesses
in the inner city added nearly three times the number of new jobs larger
companies added between 1995 and 2002.
The participants will have the
opportunity to work with experienced mentors, attend workshops and
develop connections with banks and the private equity community.
The initiative will be rolled out in
late March and early April at the local level in each city. The local
SBA offices will work to identify the companies in those areas to
participate in Emerging 200, said Dennis Byrne, spokesman with the SBA
in Washington, D.C. There will be an application process. More details
will be available when the initiative is rolled out locally, he said.
The cities participating are: Atlanta;
Albuquerque, N.M.; Baltimore, MD; Boston; Chicago; Des Moines, Iowa;
Memphis, Tenn.; Milwaukee; New Orleans; Oakland, Calif., and
Philadelphia.
Also See:
Business Plans for SBA Financing
|
Too Good to
Miss
We'll toot our horn a bit on this one.
We've got a full fledged blog that is readily accessible on our website.
This is where you can check for
- New angel investor funds
- New venture capital funds
- Business plan competitions
- SBA announcements
... in fact, anything that is time
sensitive.
Check it out here
|
|
|
Be surrounded by the
artists that you most admire -- and make a living doing it! Here
is the trick to get you up and running in a jiffy. Under
$40. Click on the
book cover for more information. |
|
SBA
Patriot Express Loan Program is Doing Great
In the eight months since its launch, the U.S. Small Business
Administration's Patriot Express Loan Initiative has produced 1,007 SBA
guaranteed loans amounting to more than $100 million.
About 860 lenders are participating in the program nationwide,
including over a dozen in the Buffalo area who have approved eight loans
so far totaling $306,000.
The Patriot Express program gives banks extra incentives to provide
business loans of up to $500,000 to military community members,
including veterans, service members leaving active duty, Reservists and
National Guard members, and their current spouses. The SBA guarantees up
to 85 percent of loans for $150,000 or less, and up to 75 percent of
larger loans.
The average loan amount made in the past eight months was $101,000.
Also See
Veterans Business Plans
|
Your
Free Business Plan
Here is a business plan that was
submitted to the SBA. I don't know whether or not it actually got
funded, but Southern Illinois University has it on its website.
Here is the business plan
|
 |
I am extraordinarily patient,
provided I get my own way in the end.
~ Margaret Thatcher |
|
(c) 2008 BusinessFinance-One Inc. All
rights reserved.
For information on advertising on this site, contact
the Editor
|
|
|
