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Posts Tagged ‘loans

The U.S. Small Business Administration is accepting grant funding proposals from eligible and well-established national organizations interested in providing training, guidance, counseling, mentoring and procurement assistance to small businesses in teaming arrangements, which may be in the form of a joint venture or prime and subcontractor relationship, under its new Small Business Teaming Pilot program.

The Small Business Teaming Pilot program was established by Congress under the Small Business Jobs Act of 2010. Under this new program, the SBA expects to make 10-to-20 grant awards in the range of $250,000-$500,000 totaling up to $5,000,000 for fiscal year 2011.

To be eligible for these grant awards, an applicant must:

  • be a private, non-profit or for-profit entity;
  • have been in existence continually for the past three years;
  • have experience dealing with issues relating to small business on a national level; and
  • demonstrate that it has the capacity to provide assistance to small businesses.

Read this Small Business Post at http://www.homebusinessbug.com/sba-accepting-grant-funding-proposals-for-small-business-teaming-program-10189/

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New Legislation Helps Exporters by Providing Higher Loan Limits

 Export-related loans to small businesses approved under the Jobs Act provisions have reached nearly $110 million as of Dec. 31, the U.S. Small Business Administration announced today.

“The Jobs Act builds on the efforts already underway through the National Export Initiative by providing SBA with additional tools to help small businesses tap into the global market,” SBA Administrator Karen Mills said. “We know that to take that next step to begin exporting or expand into a new market a small business often needs both financial and counseling resources.”

Read the full Small Business post at http://www.homebusinessbug.com/small-business-exporting-gets-a-boost-from-sba-10186/