I can t blame you, Chaquita. In this recession, no one wants to waste time and it certainly feels that the banks have shut the spigot; loans backed by Small Business Administration funds were down more than 30 percent in the past year to less than 45,000 loans.But recent months aren t nearly as bleak. While banks continue to look hard at their current loan portfolios as well any new loans, cash is starting to flow again. With federal stimulus dollars feeding the SBA s 7(a) loan program (the largest one for small-company lending), the amount of federally backed credit jumped in the last 2 quarters. The SBA backed $3.5 billion in the quarter ended September 30, nearing a level we haven t seen in 2 years.There are still some major question marks out there, not the least of which is whether CIT, the largest small-business lender in 2008, will be forced into bankruptcy in the next week or two. The company is in dire trouble, a financial move that could crimp the credit markets again. But community, regional and even national banks still are out there for the right businesses, especially if the stimulus money keeps flowing. That s a big if, by the way, and a reason why you might consider putting your loan application on the fast track: The stimulus funds fueling the SBA s increased volume are on track to run out of money by the end of 2009, even though the pool is authorized until September 2010. I expect Congress and the White House to push for additional funds.
As an aspiring entrepreneur you have to realize the road ahead is going to be tough. While one of the hardest things that you have to do to start your small business is to get the funding that you need to start up. Most small-business owners are lucky enough to have enough resources such as surplus funds in their savings accounts to start their businesses. But for the majority of those business owners just like you and I, we require some help and assistance.http://www.worldbestloans.com/businessloans.htmWith the recent recession and the economy heading towards a downward spiral, getting the loan that you need to start your small business is going to be a very difficult road for you. But thanks to Uncle Sam there is a better choice out there for you. The government is going to offer you a small business loan grant. The benefits of getting a grant from the government is the fact that it never has to be paid back unlike a normal loan from major banks such as Bank of America Wells Fargo etc.
Hi,Yes, they do provided if your project report excites them. You can get part of your investment as grant from the government provided if you meet certain criteria. You can check out http://smallbusinessgrant.info to learn more about eligibility factors and application procedures. My good wishes to you.
not all banks but most are now back on track (with our bloody money) and you can usually get a loanif you are going into businessone thing you will need this day and age is a website.i got mine from these people.they can provide professionally custom built web sites for ��150cheap affordable web designhttp://www.a10web.co.ukvery friendly Professional web design.
not all banks but some. you have to check with different banks to see. well you can always create a business plan ahead and figure out how much you would need financially and if you cant get financed right away use the business plan as a motive.hope this helps.
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YES BANKING ARE PROVIDING THE LOANS TO SMALL BUSINESS,BUT IN THIS CERTAIN CONDITIONS ARE THEIR THAT U HAVE TO FULLFILLED I.E. MORTGAGE AND MANY MORE.....
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None of the Ones I went to have! But, You may get Lucky.
