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The Small Business Administration (view source)
Revision as of 17:32, 13 November 2015
, 17:32, 13 November 2015no edit summary
*In 2015 the SBA approved 63,461 7(a) loans for a sum of $23.58b at an average of $371k. The total of all loans guaranteed was $111.769b with a bad debt rate (called charged off) of less than 1 per cent. [http://www.brw.com.au/p/business/why_we_should_clone_america_small_Y2ehdTvAi81O87SOECPr9H| ]
*7(a) program is targeted towards larger companies with 2-3 years of experience. This loan is not geared towards startups or "smaller" large businesses, as evidenced by the average loan size of $317,000. [http://www.brw.com.au/p/business/why_we_should_clone_america_small_Y2ehdTvAi81O87SOECPr9H| ]
===8(a) Loan Business Development Program===
*Target towards certified socially and economically disadvantaged companies (socially disadvantaged meaning racially and/or ethnically disadvantaged).
*Minority businesses, which must leave the program after nine years.
