The U.S. Small Business Administration (SBA)'s 7(a) loan program is the most popular source of small business financing backed by a federal guaranty. Loans can be approved for amounts up to $5 million, with maturity rates from 10 to 25 years, and average APR rates of 6.30%-10%. Since SBA 7(a) loans have strict requirements, a majority of small business owners do not get … [Read more...]
Benefits of SBA Certifications for Women-Owned Businesses
As a small business owner, there is always more work than can be done in a day. Between payroll, employee management, customer satisfaction, and taxes, it can be tough to find time to think. When you add making dinner for your family, getting to soccer practice on time, parent-teacher conferences, and orthodontist appointments — it can be tough to find time to breathe. In … [Read more...]
Grab the Money!
It’s no secret that you need capital to operate and grow, but then comes the question how do you get it? For some of the lucky ones they have the personal cash to use or they are able to tap well heeled friends and family for the money. For the unlucky ones, you need money to operate and grow, but where do you get it? Tap your community bank. An often overlooked … [Read more...]
Learn How to Pitch Your Company to the Federal Government – Free Webinar
I just learned about a free webinar hosted by American Express OPEN and Women Impacting Public Policy that might be very helpful to some WomenOnBusiness.com readers. The details are below! Did you know there is roughly $27 billion in contracts set aside specifically for women business owners? Thanks to the Small Business Administration’s Women-Owned Small Business (WOSB) … [Read more...]
Finding Loans for Women Owned Businesses
Post by Amy Blais, contributing Women On Business writer If you live in the New York area, you may have seen the recent commercials about Mike Bloomberg’s Women for Bloomberg coalition campaign. Bloomberg, along with others, is focused on helping women and minority owned businesses with loans to help them grow. During tough economic times, it may feel like banks are … [Read more...]