Business owners who want to know how to get an SBA loan can rely on some of the established programs, but should also be aware of the newer and most specific offerings. Later this June, the organization will give owners a chance to learn about possible resources for exporting and invest in them.
Interested exporters should watch for the SBA's free webinar, currently scheduled for Wednesday, June 21 at 9 a.m., though attendees should plan to sign on by 8:50 a.m. to be ready for the session to start. As with some of the other SBA loan options, there are multiple ways for recipients to use export loans, from equipment purchases to refinancing.
"Interested exporters should watch for the SBA's free webinar."
Although it seems to center around export activities, this workshop may also be part of the SBA's greater strategic push, saying in this video that 97 percent of exporters are small businesses, too.
If they meet the eligibility requirements and get their applications approved, some of these businesses can make the move from their local market into the global stage, expanding to reach an international market.
This is only one of the SBA's other export-themed offerings. The State Trade Expansion Program is another. According to the SBA, this initiative awarded money to all but six states last year. Some of the big earners included California, which gained $844,214, and Texas, which received $800,000.
Be sure to read this blog and contact Growth Capital to learn more about the loans for small businesses out there for you. We also offer information on other resources like the SBA 504 loan program, which can also help small businesses develop and gain a wider customer base. Click here to register for our mailing list and get more information about us.