Government Financing Programs
For many small businesses, government assistance can make the difference in
getting the money they vitally need to start, continue, or expand operations.
The Small Business Administration (SBA) is a federal agency that offers a
number of financing and operations assistance programs to small businesses. The
programs include loan guarantees, training and educational programs, advisory
services, publications, financial programs, and contract assistance. In fiscal
year 2000/2001, nearly $12 billion in long-term credit and other financial
assistance was provided to more than 48,000 small businesses through SBA's
network of participating banks, non-bank lenders, certified development
companies, and SBA-licensed companies.
State and local governments also offer an array of financing assistance.
This section addresses your opportunities to get government funding:
changes in SBA programs shows how the continuous evolution of the SBA is
affecting the cost and availability of the agency's best programs.
loan guarantees provides a "nuts and bolts" explanation of how
SBA loan guarantees work and what you should expect from a loan guarantee;
it also gives a detailed discussion of each of the major SBA guarantee
programs (LowDoc, CAPlines, and others) and your best options for qualifying
for any particular program.
microloan program describes a program providing small amounts of
financing for startups and existing businesses.
Development Companies explains the SBA's partnership with local lenders
for a long-term, fixed-rate financing program.
financing for exporting shows how the government can help you improve
the U.S. balance of trade.
and local programs describes other government financing assistance.
The SBA has offices located throughout the country. For the
one nearest you, consult the telephone directory under
"U.S. Government," or call the Small Business Answer
Desk at 1-800-8ASK-SBA or online at http://www.sba.gov/regions/states.jsp