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SBA
Loan Programs
Description of SBA small business loans including details for SBA's
loan guaranteed loan programs.
2008 LOAN PROGRAMS
AND FINANCING OPTIONS
Prepared
by Western Washington University’s Small Business Development
Center
Amortization
Calculator
A 12 Month Cash Flow Projection is a basic rquirement for any loan application. This
easy to use calculator will give you the monthly principal and interest
schedule you will need to enter in your projection. .Just enter the
loan amount (principal), your estimated interest rate, number of payments
per year (normally 12) and total number of payments (based on the expected
term of your loan). Be sure to check the box "Show Amortization
Schedule" if you want to print the entire schedule.
Borrowing
from Friends and Family
Many small businesses borrow from friends and family to get started.
SCORE and Circle Lending have developed a free program, "Small
Business Financing Guide," that explains how to successfully borrow
money from people you know. You need Adobe Acrobat to download and read
these files in pdf format.
Free
Grants and Loans
OK,
you have heard about those Government grants, direct loans and other
government assistance programs to get your small business started. As
SCORE counselors we frequently are asked about these programs. This
link to the Catalog of Federal Domestic Assistance web site will let
you check out all of the possible sources. You can search the database
to find assistance programs that meet your requirements, but it is not
easy for the typical small business owner to find a program for which
they will be eligible. If you do find a possible program you can then
contact the office that administers it and find out how to apply.
Federal
Grant Resources
The U.S. Small Business Administration does not offer grants to start
or expand small businesses, although it does offer a wide variety of
loan programs. While SBA does offer some grant programs, these are generally
designed to expand and enhance organizations that provide small business
management, technical, or financial assistance. These grants generally
support non-profit organizations, intermediary lending institutions,
and state and local governments
Cascadia
Revolving Fund
A private nonprofit community development financial institution that
provides financial and technical assistance to small businesses which
are unable to access credit from traditional sources such as a bank.
Community
Capital Development .Nonprofit organization to
develop microenterprise businesses, promote women and minority owned
businesses as well as promote new business that will create new jobs
and economic advantages for local residents. Three part program includes
Management Assistance, Entrepreneurial Training and Financial Assistanc800e.
Washington
CASH A community
based nonprofit organization that provides small loans and training
for women with low-incomes, people with disabilities and other financially
challenged individuals start and run successful small businesses.
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