Financing is an integral part to getting your business
off the ground and growing it over time. Knowledge
about the finances of your business is essential to its success.
Every
business needs capital at some point to start up or expand. The next most frequent source of funding is
to look for some kind of business loan. Find federal, state and local
governments financing programs to help you start and grow your operation. Several state-sponsored financial assistance
programs are available to firms locating, expanding or modernizing facilities
in California.
Check out what‘s offered at your Small
Business Development Centers.
Or do a research and explore loans, grants & funding for small
businesses. SBA is not the only source
for small-business loans. There are state
and local economic development agencies as well as nonprofit organizations who provide low-interest loans to small business
owners who may not qualify for traditional commercial loans.
There are also grants from the Federal Government
available. Grants from the federal government are only available to
non-commercial organizations, such as non-profits and educational institutions
in areas such as, medicine, education, scientific research and technology
development. The federal government also provides grants to state and local
governments to assist them with economic development.
If you are not one of these specialized businesses, both
federal and state government agencies provide financial assistance programs
that helps small business owners obtain low-interest loans
and venture
capital financing from commercial lenders.
No comments:
Post a Comment