The Small Business Administration (SBA) of the United States had conducted a survey in which it was found that less than half of the ventures started between the years 1989 and 1992 were flourishing after a period of four years. Brain Magee, president and owner of Upstream Brewing Company, said that without the help of the SBA’s 504 loan program, it might not be a stretch that Upstream Brewing Company’s west Omaha location would have vanished from the scene. This is done by overseeing the establishment of small businesses and ensuring that the enterprises have access to loans from lending institutions.
The SBA provides multiple specialized funds for small businesses as well as startup companies. Loss of ability to restructure existing debts, increase in costs, and reduction in suppliers, will also qualify the firms for loans, since the aforesaid issues would negatively impact the ability of a business to tide over difficult times.
The businesses then entered the loan process of the Reconstruction Finance Corporation. Commercial bridge loans act as a conduit by helping a business bridge the gap between meeting current financial obligations and securing a permanent source of financing at a later date.
According to the Small Business Administration (SBA), 40% to 60% of small businesses fail following a major disaster. And remember there are lenders now making such a loans even in this economy. The demand of data mining and data management is certainly going to increase in the future, increasing job opportunities in this IT field.
Your primary NAICS code, gross sales and sometimes the number of employees define your size standard that the SBA will base its determination on. It is from this $50,000 that the company has to payback the investors, pay salaries, administer the organization etc.