U.S. Small Business Administration06/04/2022
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Small Business Administration Loans 7(a) loans are the most basic and commonly used types of SBA loans because of the program’s flexibility and its ability to help start-ups and existing small businesses obtain financing that might not be available through traditional lending channels.
Expand small business access to export financing by increasing the number of lenders providing export financing solutions from 430 to 555 and the number of small business exporters receiving financing through SBA loan programs from 1,346 to 1,480 by FY2015.
The purpose of the program is to stimulate growth and expansion of small businesses within cities, regions and states having an SBA-approved Certified Development Company, thereby creating more jobs, increasing the local tax base, and expanding business ownership opportunities.
The Agency also boosts America’s long-term competitiveness by improving the entrepreneurial ecosystem to ensure small business owners and entrepreneurs are well positioned to take advantage of new opportunities and new markets as the economy improves.
On July 30, 2008, the Bush administration modified policy to make it easier for large firms to qualify as small businesses” by dropping the requirement that government contractors publicly state either their number of employees or their annual revenue.