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5 Key Principles Of Small Business Management Part 2

In this discussion, we are going to focus on issues pertaining to how to start a home-based business. The SBA 504 Loan Program is a loan guarantee made to purchase assets, such as land and equipment. Thus, depending on their authorization, different departments can check this unified database, making the business process more streamlined. For example car washes, restaurants or motels are three good example of building types that many non SBA banks won’t even look at.small business administration

Small businesses needing smaller loans could check with government sources that lend money, or other companies offering micro-loans, as their perquisites for extending loans are not so tough. The Smaller War Plants Corporation was formed in 1942 to help with minor businesses, enhance their financial strength and enable them to more fully take part in the war effort.

Loans $25,000 or less – base rate plus 4.25 percent or base rate plus 4.75 …