The Small Business Administration or SBA does not provide money to the small business owners and it only acts as the guarantor who develops important guidelines for these funds that are actually provided by banks, microlending agencies, lenders and community development organizations. 7 (A) is a popular kind of fund that is offered by SBA and it is mainly used for capital investment, debt refinancing purpose and other procedures. It is vital to remember that they are able to apply for almost two million dollars and its term varies between seven to twenty five years. In fact, 504 is often used to purchase as well as improve fixed assets whose capital varies between one to four million dollars. Under it, the Small Business Administration backs up only forty percent of the total amount while the small business owners need to pay the remaining ten percent of the total amount. Microloans … Read the rest
It is an obvious fact that making a headway in life requires a certain level of risk taking ability. Your ability to take the ‘bull by the horn’ in seemingly difficult situations determines how far you go in life.
Let’s take a case scenario of two brothers who happen to be farmers in a village far away from any natural source of water supply. Farmer A and Farmer B plant their crops at the same time in a land not too far apart from each other. After a while, the rains stop falling, farmer A is contended with the natural order of things, but Farmer B is not… he seeks ways to provide an all year round supply of water to his crops so he devises a means of transporting water from a faraway stream into his farm land. Now, farmer A tries to dissuade him by pointing out the … Read the rest