May 27, 2008

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SBA Business Plans

The Small Business Administration is one of the marvels of modern bureaucracy.  It actually does what it is supposed to do:  It helps small businesses.  While perfection is not its strong suit, its services are front and center for lots of small businesses.  Simply put:  the SBA will talk to a lot of people that no one else will talk to. 

Micro Companies.  There is a great program for small loans in the SBA.  Often the SBA advisors can arrange collateral that is non-traditional.  This is great for lots of home based start ups in particular.

Veterans.  The SBA works with veterans to help them acquire business financing.  This is one their better projects.

Mentor-Protege.  Large companies often have access to contracts that small companies don't.  But BigCo has a better chance of getting the contract if he has a minority partner.  So the Mentor-Protege Program was established.  Its' a win-win situation for all.

Loan Guarantees. When your local bank is uncomfortable granting your loan, the SBA may be able to help out with a guarantee of that loan.  The SBA doesn't make direct loans to small businesses, but does guarantee a lot of them.

Womens Program.  The SBA was active in My Biz for Women long before it was fashionable to do so, and is still active.

There are a lot more programs that the SBA sponsors, especially in the training and resources area.  The SBA website is immense.  Tackle it when you have some time to wander.

So Why Bother With A Business Plan?

One of the most frustrating parts of working with the SBA is the huge amount of paperwork they demand.  And there is a lot.  With all that paperwork, you have to wonder why you would bother doing a separate business plan.  The answer is simple:  SBA folks are people too. When they see the amount of work you have already done, they will be far more likely to help you to the next level. 

Don't ever underestimate the power of your own presentation.  It will put the right people in your corner, and that is very, very important.

Your Free Business Plan

With the astounding growth in the internet field, it's not surprising that we continue to get many requests for business plans that deal with internet-based businesses.  Here's one on Online Alternative Medicine and Bible Courses that you may find helpful.

 

 

Never bend your head! Always hold it high! Look the world straight in the face! Helen Keller, writer and inspirational speaker