The program delivers market data directly to business owners to help them make better business decisions based on competitive research analysis. Small Business Administration Ventura County. SizeUp works by analyzing a business in comparison to other similar businesses in the same trade, and provides geographic information on the marketplace, areas recommended for advertising and prospective customers. Board of Equalization GoBiz LoopNet: Commercial Real Estate Search Tool Workforce Development Board U.S. “In today’s challenging economic environment where small businesses create nearly all net new jobs in the U.S., help for small businesses is more important than ever before.” Tools like SizeUp deliver data right to the fingertips of business owners to help make smart decisions and have the greatest opportunity to start, grow, compete and succeed,” said SBA Administrator Karen Mills. “Market research and analysis is critical for the success of any small business owner or entrepreneur. GIS Planning Inc., the company that created SizeUp, has licensed the tool to SBA for one year.
#Sba sizeup free#
The free tool, called SizeUp, helps businesses identify new customers and compare their performance against other businesses in their industry with data collected from hundreds of private and public sources. The 7(a) loan program continues to be the SBA’s primary way of providing financial assistance to small businesses, but there are other types of SBA loans, each with its own terms and conditions.Small business owners and start-ups across the country can now take advantage of a new business tool to help them compete and grow. SBA loans can be used for many reasons, such as starting your business, managing expenses (think inventory and payroll), expanding your operations or increasing your safety net. Office of Government Contracting & Business Development The Office of Government Contracting & Business Development (GC & BD) works to create an environment for maximum participation by small, disadvantaged, and woman-owned. You repay the lender directly, usually on a monthly basis. Once approved, your lender is responsible for closing the loan and disbursing the loan proceeds. This guarantee puts you and your personal assets on the hook for payments if your business can’t make them. It’s now providing a new online information service called SizeUp that gives small-business owners free access to data on some 14 million companies in virtually every industry and geographic region in the country. The SBA also requires an unconditional personal guarantee from every owner of the business with at least a 20% ownership stake. The maximum SBA guarantee is 85% for loans up to $150,000 and 75% for loans greater than $150,000. That means if you default on the loan, the SBA pays the lender the guaranteed amount. When you apply for an SBA loan, you submit your application to the lending institution, and that lender then applies to the SBA for a loan guarantee.
It can be tough to get a loan from the SBA due to tight lending standards, but with a little know-how, you can maximize your chances. Small Business Administration and issued by participating lenders, usually banks.īecause these loans are backed by a federal agency, they can have more flexible terms and lower interest rates than traditional bank loans, making an SBA loan one of the best ways to finance your business. SBA 7(a) loans are loans that are partially guaranteed by the U.S. We work with both bank and non-bank government preferred lenders. Funded in part through a cooperative agreement with the U.S.
Total extra marketing and sales costs, and use SBAs SizeUp. We can arrange both SBA loans and USDA backed loans. Consider your target audience, sales plan, and competitive advantage relative to your new location.
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