How The Government Can Help Your Small Business

by: Iola Bonggay

Did you know that the United States government can help you seek financial assistance for your small business? Yes, the government does that, and it has been successfully doing so since 1953.

Perhaps if you're looking for a way to help your business grow, now would be a good time to understand how the government can help you with your small business needs.

In order to obtain a thorough comprehension of the process, let me first introduce you to the government's leading agency that is responsible for assisting the nation's small businesses, the United States Small Business Administration.

The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.

The Small Business Administration is largely responsible for providing indirect financial assistance to entrepreneurs and small business establishments. In most cases, the primary role of the SBA is to provide several financial assistance programs to small businesses that have been specially designed to meet essential financing needs.

In order to do this, the SBA has constituted a number of loan programs and financial assistance strategies that have been thoroughly created to suit the needs of entrepreneurs and small business enterprises.

Among all of these programs, the three-most fundamental forms of assistance that is offered by the SBA are that of Guaranteed Loan Programs, Bonding Programs, and lastly, Venture Capital Programs.

How can these programs specifically help you, you ask?

For starters, the Guaranteed Loan Program will work in a way that the SBA will help you seek financial assistance, instead of directly providing you with one.

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How The Government Can Help Your Small Business
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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

Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.

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Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.

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Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.

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Business Grants for Women
Many women in business find that in order to meet their business' financial needs, they turn to searching out a loan source. Business loans for women are widely available through the Small Business A...

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