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Business Financing Whether you’re just starting a small business or expanding to take advantage of new opportunities, your business needs the right financing at the right time in order to succeed. SBA is committed to helping small businesses, which are the backbone of the nation’s economy, thrive. Working closely with a wide range of lending partners across the country, SBA has developed a number of financial programs that address the various needs of small businesses. How to Raise Money for a Small Business In recognition of the importance of small business to a strong economy, the National Business Association (NBA) has developed First Step Review to help meet the informational needs of existing business owners and aspiring entrepreneurs. First Step is a screening tool to help smaller businesses (with less than 100 employees and annual sales of less than $5 million) determine the likelihood of success in gaining a guaranteed loan. If you gain a score of 70 or more on First Step, then the next step would be to find a lender who is SBA certified loans. Business.gov helps small businesses understand their legal requirements, and locate government services supporting the nation’s small business community. Business.gov guides you through the maze of government rules and regulations and provides access to services and resources to help you start, grow, and succeed in business. |