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small business loans FAQ
It was Mohammed Younus, the economist who put the word "microloan" on the map with the Grameen Bank in his native land of Bangladesh.
Here is his profile on the BBC website:
http://news.bbc.co.uk/2/hi/south_asia/60 47
Go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a volunteer SCORE counselor. They will guide
You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing
It is hard
go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan
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SBI to relax loan rules for small businesses
TRICHY: State Bank of India chairman, Pratip Chaudhuri on Saturday said that rules for sanctioning loans up to an amount of Rs one crore for small businesses and services would be relaxed to facilitate business prospects in the central region of Trichy.
Senior SBI officials, who were here to give freebies to deserving institutions as part of the bank's corporate social responsibility said that once the Small Industrial Development Bank of India (SIDBI) gave the nod for a well-deserved, growth-oriented business proposition, the loan amount up to Rs one crore would be dished out by the bank without any collateral. This, Chaudhuri said, was being done to promote a number of small businesses, and warned that the loan facility would not be available for trading.
Source: Times of India