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Posts Tagged ‘SBA’

July 15, 2011 Alternatives for Small Businesses Seeking Funding in a Tight Credit Market

As any small business owner knows, access to credit is still tight; however, there is capital available if you know how to go about seeking it out and take appropriate steps. A recent article in Inc., “New Rules of Getting a Small Business Loan,” provides some alternative ideas for businesses that still are having difficulty [...]

June 14, 2011 Business Loan in Default? Your Best Bet May Be an SBA Loan Workout

Despite some hints at an improving economy, it’s still tough out there for many small business owners, and many owners are finding themselves in a loan default situation. In addition to being at risk for losing their businesses, these owners could potentially lose their homes and other personal assets. While there may seem to be [...]

April 12, 2011 Good News for Small Business Owners: Small Business Administration’s (SBA’s) Budget Safe for Now

Over the last few weeks, there is has been little news coming out of Washington that didn’t have to do with the battle over the 2011 federal budget. While many federal agencies will see significant reductions in their budgets, the large proposed funding cuts for the Small Business Administration (SBA) and loan guarantee programs did [...]

December 28, 2010 Small Business Jobs Act of 2010 Could Be Boon for Small Businesses in 2011

A recent article from Fox Business, “Expect More SBA Loans in 2011,” discusses how the Small Business Jobs Act of 2010 (H.R. 5297) could potentially benefit small businesses in 2011. In addition to other provisions, the most welcome news for small business owners is that Small Business Administration (SBA) lending is supposed to increase this [...]

May 27, 2010 The Importance of an Unbiased Third-Party Opinion

To derive a proper opinion of value, no matter what the situation, getting an appraisal performed by an unbiased third party, such as a certified appraiser, is always the best course of action.  To be unbiased, the professional developing the opinion of value should not have any vested interest or participation in the opinion of [...]

March 4, 2010 SBA Loan Incentives Reauthorized for Another Month

On February 23 in our post “SBA Starts Waiting List for Small Businesses Seeking Loan Breaks,” we wrote about the Small Business Administration’s announcement that it had run out of money to fund its stimulus package small business loan incentives – 7(a) and loan fee reductions. After the advancement of a $15 billion jobs bill [...]

February 23, 2010 SBA Starts Waiting List for Small Businesses Seeking Loan Breaks

On Friday, the Small Business Administration announced that it had just about run out of money for the small business loan incentives – 7(a) and loan fee reductions – enacted last year by the economic stimulus package, and that a waiting list will be established for those small businesses seeking credit should more money become [...]