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Government Housing Assistance

The Small Business Administration(SBA) was established in 1953. 2. Result in a seemingly endless 8a application review process at the SBA and cost your business concern the ability to bid on and win federal set-aside 8a contracts. It provides loans with low down payments after a careful scrutiny of an applicant’s financial status.small business administration

13. The business concern’s current financial statements must exhibit positive net income, positive net equity and positive working capital at the time of application submission. The agency sought to ameliorate the consequences of the Great sought to achieve this through the establishment of a loan program to support businesses adversely effected by the Great Depression.

If a small business owner’s personal assets do not exceed $250,000, he or she can qualify for the 8 (a) business development program. Getting a piece of this lucrative market is within the realm of many smaller businesses if you are willing …