Make Your Dreams Come True with an SBA Loan!

Small business owners looking for additional financing often turn to the Small Business Administration (SBA) for loan options. The SBA offers numerous loan programs, including those specifically designed for small businesses. However, navigating the SBA’s loan application process can be time consuming and overwhelming. To make the process a bit easier, here are some tips for finding SBA loans.

• Start by researching different SBA loan programs. The SBA’s loan portfolio includes multiple loan programs, each with different eligibility requirements and loan terms. Take some time to research the various loans and determine which one best fits your needs and goals.
• Get familiar with the SBA loan application process. Each loan program has its own application process, so it’s important to understand the requirements of the loan you’re applying for. Make sure you’re familiar with the forms and documents you’ll need to provide in order to apply.
• Find an SBA-approved lender. The SBA doesn’t provide loans directly—you’ll need to work with an SBA-approved lender to apply for a loan. Research different lenders and compare rates, fees, and loan terms to find the best option for your business.
• Prepare the necessary documents. Once you’ve decided which loan program you’re applying for, you’ll need to gather all the required documents for the application. These may include financial statements, tax returns, and business plans.
• Submit your loan application. Once you’ve gathered all the documents, you can submit your application to the lender. Make sure you read and understand all the terms and conditions of the loan before signing the agreement.

Finding an SBA loan can be a complex process, but it doesn’t have to be overwhelming. By taking the time to research the different loan programs, understand the application process, and find the right lender, you can increase your chances of securing the funding your business needs.

Crowdfunding and Alternative Funding Class

The Las Vegas Small Business Administration  FEB 15, 2018!

is hosting my Live class on Crowdfunding.

Alternative Funding: Crowdfunding and More for Business

With so many options on funding your business, it can be confusing! Dr. Letitia Wright, America’s Crowdfunding Strategist will explain

– The Different types of Crowdfunding

-ICO and crowdfunding

-Incubator programs

-How to work with investors

and more!  NO cost, register below

https://www.eventbrite.com/e/alternative-funding-crowdfunding-and-more-for-business-tickets-41408339458

How the Experts Get Foreign Dollars into US Projects

This article is about the EB-5 program used by entrepreneurs to bring in millions of dollars into US projects. My hope is that this will stimulate marketing ideas for those with smaller projects.

 

 A little  known immigration program is helping entrepreneurs get their businesses off the ground or highly expanded.  It’s called EB-5. The program is supposed to expire in September  2009 and there are senators pushing to get this renewed.  Here is how the program works: The program grants temporary visas to foreigners who invest at least $500,000 in distressed areas. If an investment creates at least 10 jobs for American workers, the temporary visa can become a permanent green card. Last year, 945 EB-5 immigrants invested more than $400 million in U.S. ventures.

Some people think this is how people are buying their way to the front of the immigration line. Others feel the big benefit and helping struggling entrepreneurs with capital. Distressed areas that win "regional center" status from the U.S. government can market local ventures to overseas investors who become equity partners. Today there are 46 regional centers scattered across the country, offering investments in everything from Napa Valley vineyards to ethanol plants.

Even Aloft Hotel was able to get in on this cash infusion. There are 10,000 of these visas each year.  3,000 of them are set aside for 3,000 are set aside for those who apply under a pilot program involving a USCIS-designated "Regional Center." A Regional Center is an entity, organization or agency that has been approved as such by the Service, it focuses on a specific geographical area within the United States and  seeks to promote economic growth through increased export sales, improved regional productivity, creation of new jobs, and increased domestic capital investment. 

An alien investor can qualify for the program if they can demonstrate that a "qualified investment" is being made in a new commercial enterprise located within an approved Regional Center and show, using reasonable methodologies, that 10 or more jobs are actually created either directly or indirectly by the new commercial enterprise through revenues generated from increased exports, improved regional productivity, or job creation by using this pilot program. They have to invest at least $1 million dollars or $500,000 if the targeted area has experienced at least 150 times the national average of unemployment.

 

Vermont has been very successful in marketing this. They have welcomed 35 investors and created jobs for 350 people in Vermont. 17.5 Million dollars was brought in. They have 100% success and claim the most successful EB5 program. With this program, in 5 years an investor could be a citizen of the United States.

They also give the investors other perks. Vermont’s Jay’s Peak Program offers 2 weeks at the resort, children attending college and schools at resident rates and no day to day business management.

The main idea here what incentives can we add to what we offer to bring in investors or bring in more business? Share yours below!

 

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