small business funding – SBA Loan Advisor

SBA Announces $7M Grants for Microentrepreneurs

The recent announcement by the Small Business Administration (SBA) regarding a $7 million grant initiative for microentrepreneurs in underserved communities presents a significant opportunity for economic development. This program, aimed at supporting low-income individuals, offers 28 grants designed to enhance access to capital for those facing unique challenges, including rural entrepreneurs and those with limited […]

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SBA Launches Working Capital Pilot

Uncategorized / Contrivex Team

The recent announcement by SBA Administrator Guzman regarding the Working Capital Pilot Program marks a significant moment for small businesses seeking financial assistance. Effective August 1, 2024, applications will be accepted through participating SBA lenders, providing an opportunity for enhanced financial flexibility. This initiative not only aims to streamline the funding process but also emphasizes

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Small Business Loan Statistics and Trends 2024

Uncategorized / Contrivex Team

The landscape of small business loans in 2024 offers a nuanced perspective, ripe for exploration with a tapestry of data illuminating key funding trends and disparities. As stakeholders navigate these statistics, intriguing insights emerge regarding loan approval amounts, lender preferences, and the intricate interplay between policy shifts and financing activities. Understanding these statistics could prove

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SBA Microloan Program: A Gateway for Small Business Startups

Uncategorized / Contrivex Team

The Small Business Administration (SBA) Microloan Program stands as a vital resource for small business startups looking to get off the ground. This program not only provides essential funding but also offers the guidance necessary to ensure success. This article will delve into how the SBA Microloan program assists startups, highlighting eligibility requirements and providing

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Creating a Winning Business Plan for Your SBA Loan Application

Uncategorized / Contrivex Team

Securing a Small Business Administration (SBA) loan can be transformative for your business, offering the capital needed to expand, innovate, or stabilize. However, the key to unlocking this potential is a well-crafted business plan. This plan not only demonstrates the viability of your business to lenders but also outlines your vision for future success. In

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