The Small Enterprise Administration (SBA) can loan money to homeowners, renters, and enterprise homeowners. The SBA can also be streamlining the certification process and knowledge for federal contracting and continues to aggressively root out fraud, waste and abuse in small business contracting to ensure that contracting dollars go to deserving small businesses.
SBA financing via the years has played an integral role in helping an array of entrepreneurial enterprises; from nook stores to household-owned eating places to strip malls and effectively beyond, the Small Business Administration and its affiliates have managed to keep the pulse of the American dream beating strong.
The instability and ambiguity attributable to Continuing Resolutions make it tough to company acquisition workers to plan effectively for small business utilization. The SBA’s potential to offer loans has also been significantly strengthened by the American Restoration and Reinvestment Act of 2009 and the Small Enterprise Jobs Act of 2010.
The mission of the Workplace of Enterprise Development is to execute actions authorized below Sections 8(a) and seven(j) of the Small Business Act to provide enterprise growth assistance to companies which can be owned and managed by economically and socially disadvantaged people.
SBA South Florida District Director Pancho Marrero addressed greater than eighty lenders throughout a Small Business Lender Forum on January 26, hosted by the Florida SBDC Community, Florida First Capital Finance Corporation (CDC) and Florida Affiliation of Government Guaranteed Lenders.