Business Plan For Small Business Administration - 906 Words

The U. S. Small Business Administration (SBA) recently announced a widening of services that assists small businesses acquire capital from lending partners (U. S. Small Business Administration, 2015). The Leveraging Information and Networks to Access Capital (LINC) initiative matches small businesses with SBA lending partners to help these businesses with their financial needs (U. S. Small Business Administration, 2015). It is apparent that the SBA is taking the necessary, and innovative, steps to make efficient use of its technological resources and partnerships to provide much needed assistance to small business; thereby enhancing its product base (U. S. Small Business Administration, 2015). Organizational Services To meet the needs of the growing small business community, the SBA provides new business start-ups with basic business training (e-courses), business financing using one of eight loan programs, guidance on how to become a government contractor, and how to keep their business strong by offering ongoing business classes and counseling (U. S. Small Business Administration, n.d.-a). Moreover, the SBA offers a valuable resource to its lending partners through new initiatives such as LINC, as well as the lender resource page that includes performance guidance and forms for participation under the many loan programs available (U. S. Small Business Administration, n.d.-b). Finally, the SBA provides management information about the agency, as well as information onShow MoreRelatedImproving Capital Access Programs Within The Sba1463 Words   |  6 PagesMay 19, 2015, a hearing in the 114th congress was held. The Subcommittee on Economic Growth, Tax and Capital Access (of the Committee on Sm all Business) entitled ‘Improving Capital Access Programs within the SBA’, discussed ways to give more money to its veteran entrepreneurs. This would be done by changing the loan process within the Small Business Administration. The House report gives the following testimony from, â€Å"a lender authorized to operate in the Loan Program that the initiative would helpRead MoreIntelligence into Success1435 Words   |  6 Pagesoften fathom about starting their own small business. Becoming a successful entrepreneur has been part of the American dream since the early 1800‘s. In addition to giving a person the ability to make his or her own decisions, business ownership opens the gateway to financial independence, creative freedom, and more time to spend with family (Smallbusiness.com). Nevertheless, how hard would it be to start a small business and be victorious? â€Å"Starting a business involves planning, making key financialRead MoreMau Lo Business Expansion156 9 Words   |  7 Pages Mau Loa – Business Expansion Funding opportunities should be explored and increased for small businesses and entrepreneurs doing business in Atlanta, GA (Fulton County). Georgia State Legislators should use their influence to broaden funding opportunities in the City of Atlanta similar to the funding opportunities enjoyed by start-ups in Silicon Valley (Southern San Francisco Bay area). More specifically, State politicians should consider using their influence to assist young entrepreneurs (underRead MoreSubcontracting Plans And Its Impact On The United States1058 Words   |  5 PagesSubcontracting Plans Small businesses in the United States (U.S.) have a major impact on the economy, affecting employment, sales and patents. The Small Business Association estimated that small businesses account for 54% of all U.S. sales, 55% of existing jobs and 66% of all new jobs. They account for 40% of retail sales, providing employment for 8 million people. Small businesses are responsible for producing 13 times more patents than larger firms, and constitute 40% of business receipts inRead MoreThe Department Of Defense Subcontracting Plan Programs, Acts, And Policies Essay1248 Words   |  5 Pagesthe Department of Defense subcontracting plan programs, Acts, and policies that are in effect. Furthermore, will detail the type of subcontracting plans, when they apply, procedures, and routing given by the Federal Acquisition Regulation. Following will explain how subcontracting plans are utilized in source selections, the economic impacts subcontracting has on small businesses, and how subcontrac ting plans are managed. Acts and Policies The Small Business Act, and subsequent reassuring public lawsRead MoreWk #4 Research Strategy1135 Words   |  5 Pagesstart-up business is the financial requirements. Research has determined it will likely result in attempting to obtain a grant or a small business loan. While a number of the websites visited promise an immediate guarantee of a grant, how can a potential new business owner know for sure what is written in the fine print? Never having applied for any type of grant creates a sense of apprehension and uncertainty with regard to the process. Gathering information from the Small Business Administration is theRead MoreEssay about FIN/571 Business Structure Advice833 Words   |  4 Pagesï » ¿ Business Structure Advice FIN/571 December 12, 2013 Business Structure Advice From: Beverly Mahone Sent: December 2, 2012 To: John Owner CC: Subject: Advice in starting your business John, when starting a business one has several options in the type of business structure to use. The different types of business structures are the sole proprietorship structure, the partnership structure, the corporation structure, the S corporation structure, and the limited liabilityRead MoreCommon Reasons For The Failure Of New Small Businesses860 Words   |  4 PagesAccording to the textbook, there are 12 common reasons for the failure of new small businesses. This is not an inclusive nor industry specific listing. Leadership Issues 1. Managerial incompetence 2. Lack of strategic planning 3. Lack of relevant experience 4. Inability to make the transition from corporate employee to entrepreneur Marketing and Sales Issues 1. Ineffective marketing 2. Uncontrolled growth 3. Overreliance on a single customer Financial Issues 1. Inadequate financing 2. Poor cashRead MoreBusiness Initiative : Goldman Sachs1293 Words   |  6 Pages GOLDMAN SACHS ABSTRACT Communications plan to help Goldman Sachs reach goal of helping 10,000 small businesses increase their revenue and change their local economies. SHAYNA JAMISON PSPR 6202  Goldman Sachs 10,000 Small Businesses Goldman Sachs 10,000 Small Business Initiative is an investment to help entrepreneurs across the country to create jobs and opportunity by providing access to capital, business support, and education. The initiative is supported by Goldman Sachs and the GoldmanRead MoreThe Small Business Administration (SBA) Essay814 Words   |  4 PagesThe Small Business Administration â€Å"aids, counsels, assists, and protects the interests of small business concerns.† They assist small businesses by providing them with whatever is necessary and will not stop until they get the business to be successful without their assistance. Although they are not able to give the business all of the necessities they need, they do their best and as much as they can do. Their motto is, â€Å"Aid, counsel, assist, and protect insofar as is possible, the interests of small