What about help for women and minorities?
The Small Business Administration also has programs that help small business development centers counsel minority and women borrowers on how to develop viable loan application packages. If the SBA approves a package, it will guarantee up to 80% of loans of up to $250,000.
The SBA also licenses Specialized Small Business Investment Companies to make loans to socially or economically disadvantaged individuals. A number of private loan programs also encourage business development by minorities, women, and people with disabilities.
>>What are some ways of securing capital?
>>How about using my home equity to get funds?
>>What are the legal considerations in getting loans from family and friends?
>>What is a promissory note?
>>What are some legal considerations in loans from financial institutions?
>>What about my spouse’s assets?
>>Are government loans available?
>>What about help for women and minorities?
>>What are the legal considerations in getting contributions from others?
>>Legally, what’s the difference between active investors and passive investors?
>>What if I want to have “passive" co-owners?