In this episode of Business on the Run, I sit down with Valerie Maher from the U.S. Small Business Administration (SBA) to break down the programs and resources available to entrepreneurs and established business owners.
We dig into the SBA's "Four C's":
COUNSELING — Free one-on-one mentoring, business advising, workshops, and training through SCORE, Small Business Development Centers (SBDCs), Women's Business Centers, and other SBA resource partners.
CAPITAL — How SBA-backed loans actually work, including 7(a) loans, 504 loans, micro loans, and how the SBA can help connect business owners with lenders.
CONTRACTING — How small businesses can pursue opportunities with the federal government, including certification programs and free resources to help you navigate the contracting process.
CRISIS — How SBA disaster assistance can help businesses recover when hurricanes, freezes, tornadoes, and other declared disasters strike.
We also discuss:
• What you should have ready BEFORE approaching a lender
• How SBA loan guarantees reduce risk for banks
• The truth about SBA grants for starting or growing a business
• Where to find FREE help creating a business plan
• How to find SBA lenders that are actively making loans
• Resources available for startups AND established businesses
• Federal contracting opportunities for small businesses
• Why successful business owners still use mentors and advisors
• One of the biggest mistakes entrepreneurs make: trying to figure everything out alone
Valerie says one of the things she hears most from business owners is: "I wish I would have known this sooner."
Don't let that be you.
Whether you're starting your first business, looking for capital, trying to grow an established company, considering buying commercial real estate, or simply looking for better business resources, this episode could introduce you to opportunities you didn't know existed.