There is a message for businesses in Santa Cruz County that are in need of finance. The SBA has partnered with 26 lenders in Southern Arizona and is working to provide loans to businesses with poor or non-existent credit ratings.
The initiative is meant to bring into notice the various provisions that government makes available to small businesses so as to help them get started and earn profits. Stephen Hart, senior area manager of SBA says that the goal is to help small businesses receive bank loans so as to finance their operations. Lenders shall be put at ease as they back loans with federal guarantee. The agency makes grants available to resource centers like ‘Microbusiness Advancement Center’ that is likely to be used for business development, counseling and education.
The Microbusiness Advancement Center’s sole mission is make effective economic impact in the community and help in starting of new businesses. The partnership is an association to bring skilled financial advisors to the public. It makes things feasible for prospective clients to write a business plan, re-establish credit and remain on right track to receive small business loans. Numerous lenders are under the umbrella of this partnership that works to provide capital to new and existing businesses.
Entrepreneurs in the county can make calls to the association if they can’t find capital from a bank. Hart wants locals to take interest in starting a business despite what is their credit history.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to email@example.com