Entrepreneurs with small business ventures who are in need of start up capital or expansion funds are the ones small business government loans are for. A loan might be better suited than venture investors, grants or venture funds based on the type of the business. All types of small businesses are eligible for small business government loans though. They include, but are not limited to,
- Real estate
- Painting
- Consulting
- Greeting cards and gifts
- Restaurants and catering
- Pet supplies
- Entertainment
- Dance studios
- Photography
- Accounting
- Beauty salon/products
- Embroidery
- Appliance repair
- Brokerage
- Design
If you own one or more of the above types of small business or other than the above mentioned small business types, you can apply for a small business government loan. There were 23 and 26 million small businesses in the US in 2002 that created approximately 75% new jobs over the past many years and it is because of these small businesses that the country’s economy is getting stronger.
It is important here to let you know of the procedure adapted by the US government for the purpose of providing you with small business loans. Small business government loans provided by the US government is the result of working together of the government and many loans providing institutions to provide venture capital financing and loans to small businesses.
There are many federal government programs like the small business administration (SBA) which have been aiding small businesses in the US for years. Within the past 50 years, over 30 billion US dollars in loans for more than 20 million small business owners have been provided by the U.S. small business administration. |