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Opening a new business can be overwhelming, especially if you don’t have any experience in the world of business. There are so many things to consider, from identifying the perfect product or service to sell to finding the right financing.
With so many moving parts, getting started can seem rather challenging. A business plan is always a first good step. It will help you lay out your plans, anticipate how you will manage your business and help you get the right financing. In other words, it can really help your company succeed.
A business plan includes:
The Small Business Administration (SBA) can help you perfect your business plan. Use this locator to find a local SBA office and schedule an appointment.
If you own a small business—or are thinking of starting a small business—get the training you need to help your business succeed.
The U.S. Small Business Administration offers free online courses to help you start a business, manage a business, finance a business, work with the government as a contractor, and more.
Asked by Anonymous
Job is being outsourced. Is there any small business loans available
The Small Business Administration is the best source of information about government resources for small businesses, including loans and grants.
Whether you’re thinking about opening a new business or you’re trying to strengthen or expand an enterprise you already have, the Small Business Administration (SBA) is there to help.
The SBA is a federal agency that helps small businesses grow and succeed. It provides business counseling and training, and offers a wide range of financing programs such as loans and grants.
You can get immediate help from the SBA by taking one of its online training courses on how to start, manage and finance a business. Each subject features a variety of courses about successful business management.
The SBA also works with community centers that provide free or low-cost training and mentoring. For example, SCORE is a nonprofit organization comprised of volunteer counselors with extensive experience in the business world. SCORE provides mentoring and counseling services to new business owners.
Finally, you can always visit local or regional SBA offices for support. These offices are located throughout the country and can counsel you on:
A lot of people think the SBA lends money. The truth is that it only guarantees loans made by financial institutions such as banks. SBA-backed loans can be very attractive because they generally have low interest rates and longer repayment terms.
The SBA offers several loan programs, including:
You can get more information about some of these programs as well as additional local resources by going to SBA Direct.
Besides guaranteeing loans, the SBA can also help entrepreneurs locate other types of financing, such as grants. It’s important to note that the SBA does not provide grants for starting or expanding a business. The agency does provide grants to nonprofits and educational organizations for counseling and training purposes.
Local and state governments do provide grants to small businesses, specifically those involved in childcare, energy efficiency and local tourism. You can learn more about the different types of government grants available by visiting Grants.gov.
Business.USA.gov also provides information about how small business owners can access financing.