Business Loans From GovLoans

by: Iola Bonggay

The United States Federal Government takes it upon themselves to improve the nation's economy and catapult the business industry in the global market.

The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.

However, the government extended its services by meaning to provide financial assistance to business by way of launching loan programs that are easily accessible and greatly convenient to eligible entrepreneurs.

Interested businesses that are looking to procure a loan from the federal government can visit the GovLoans website, as it serves as the public's gateway to government loan information.

The business loan programs that are featured in the GovLoans website are the following:

1) Small Business Loan - This type of loan program is intended solely for American small businesses that are not yet capable of acquiring a commercial loan from third party lenders.

2) Business and Industrial Loans - This type of loan is designed to improve, develop or finance small business and industries in an effort to enhance the economic and environmental climate in rural communities.

3) Business Physical Disaster Loans - This type of loan is designed to assist businesses in repairing and rebuilding non-farm and private sectors disaster losses in both major and small business establishments.

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Business Loans From GovLoans
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Small Business Grants

Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.

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Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.

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Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.

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Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

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