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Where is Money Available?
Owner Occupied - Small-Business Financing Opportunities
The U.S. Small Business Administration will receive $730 million from the stimulus package-more than doubling their operating budget from 2008-to help assist businesses with financing.
According to a press release from the SBA, funds will be divided among many programs including:
· $375 million for temporary fee reductions or eliminations on SBA loans, and for increased SBA guaranteed shares, up to 90 percent for some loans
· $255 million for a new loan program to help small businesses meet existing debt payments
· $30 million to expand SBA's Microloan program, enough to finance up to $50 million in new lending and $24 million in technical assistance grants to microlenders
Call us to see if your deal will qualify for SBA financing. Currently an area where banks are actively trying to lend money.
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Local lenders see positives in SBA program enhancements
By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
Mar. 18, 2009
Copyright © Las Vegas Review-Journal
One of Southern Nevada's most active Small Business Administration lenders says SBA loan program enhancements that the White House announced will help turn on the spigots at banks and increase credit availability here.
"I think banks will start marketing the SBA program because it is now the best provider of long-term capital for small business," Cal Regan, executive vice president of small business lending at Nevada Commerce Bank, said Tuesday. He runs a staff of 15 at Nevada Commerce Bank's SBA department. He previously led SBA lending at Silver State Bank, which closed in September.
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Plan your week in 30 minutes
Experts say that you need only 30 minutes to plan your entire week. How to do it? Follow the OATS Formula:
O: Objectives. What results do you want to see by the end of the week? Write them down and rank them.
A: Activities. What do you have to do to achieve your goals? List the necessary activities, and put them in sequence.
T: Time. How much time will each activity require? To plan realistically, allow yourself more time than you think you will actually need. This gives you flexibility if unexpected problems develop.
S: Schedule. Look at your calendar and decide when you can do each activity. Most people underestimate the power of a schedule, but you won't get anything accomplished if you don't schedule time to do it.
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