Author:M. Azim Ulfati
Funding a Business
To analyze
funding opportunities for small businesses, including the role of the
Small Business Administration (SBA) and to evaluate the effectiveness of
these funding opportunities in light of the current economy.
In
this time of economic challenges, to suggest two ways that the SBA might
be of assistance to your small business. To explain how you would request
this assistance.
I
believe that all small businesses are the leaders to innovate, enhance,
improve and drive the economy forward or backward. All small businesses
are patent holders and create two thirds of all private sector
employment opportunities and employing hall of all working Americans.
The
small business administration and government agencies are the
administrations that provide funding opportunities to the franchisees
and the ones who starts business from the scratch. The loans are made
through private lenders as micro loans. When SBA lends loan to the
business owners, it also presents training to the employees of business
and also provides information about the resources for improvement of
business toward success. There is also the United States of America
federal government as the largest buyer of the universe that spends more
than $500 billion each year. And the Federal government contracts with
small businesses and small businesses get revenue they require for
creation of jobs and driving economy forward.
All
these small businesses creates new jobs every year and make tremendous
contribution to the United States economy, it gives the business people
the chance for developing new ideas, improving goods and services.
There
are two ways that SBA might be of assistance to your small business.
First direct loans and second micro loans by private lenders and sectors
like banks, certain private leaders like credit unions and small
business investment companies. These assistance are requested in some
special circumstances like, natural disasters recovery, development
programs, humanitarian programs and energy conservation, In the
mentioned cases, SBA largest direct loan program and also SBA program is
in charge to provide affordable, timely and accessible financial
assistance for landlords, home owners and tenants.
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