Wenger - Financing

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Financing a New Business

All businesses require some form of financing. An integral component of starting a successful business is raising sufficient capital. There are many challenges here, but numerous resources are available to help you.

General Financing And Accounting

Start-Up Costs - Plan for the initial expenses your business will have.
Estimating Costs - Learn to anticipate your initial business cost.
Breakeven Analysis - Know when your business breaks even and when you can expect a profit.
Financing Basics - How do you plan to finance your business? This is especially important for new enterprises.
SBA's Role - What the SBA offers to help your small business grow and profit.
Equity Capital - Learn about the pros and cons of offering stock.
What's A Surety Bond? - Learn what a surety bond is and if it can help your business.
Learn About SBA's Surety Bond Program - Detailed explanation about how this program operates.
Handling Finances - It is essential for the business owner to know how to manage his/her finances.
Personal vs. Business Finances - You must know your personal finances and credit before starting out on your own.
The Benefits Of Making Your Banker Your Friend - Cultivating a friendly relationship with your banker will benefit your business in many ways.
Borrowing Money - Know the essentials in borrowing money. Can your business afford it?
Fair Credit Reporting - Learn where your credit report comes from and how it affects your loan prospects.
Credit Scoring - Know how the bank uses a credit scoring system to determine their acceptance of your loan application.
Credit Factors - The basic elements examined in every loan application.

Loan and Funding Information

Finding Capital - Know how to find various sources of capital to begin your business.
Small Business Investment Companies (SBIC) Program - Small Business Investment Companies (SBICs), which are licensed and regulated by the SBA, are privately owned and managed investment firms that provide venture capital and startup financing to small businesses. The above link will take you to SBA's Investment Division's home page, where you will also find reference to the Small Business Investment Act.
Federal Grant Resources - A list of federal resources that could give your business a grant.
Basic Requirements - The basic requirements for a business to receive an SBA loan.
Eligibility Size Standards - Required size standards for a business to receive an SBA loan.
SBA's 7(a) Loan Program - Explanation and requirements of the SBA's most basic and used loan program--the 7(a) loan.
Applying For A Loan - Help in writing a loan proposal.
Loan Proposals - Develop and organize your loan proposal.
Loan Package Checklist - Make sure you have everything you need in your loan proposal.
SBA Loan Programs - Learn which program is right for your business.
Prequalification Programs - Businesses must prequalify for certain loan programs.
Microloans - Details about the SBA's Microloan program.
Certified Development Company (504) Loan Program - Detailed explanation about the SBA's (504) loan program for a non-profit Certified Development Company to assist in the economic development of its community.
Export Working Capital - A program designed to create short-term working capital for exporters.
Export Express - Program designed to help small businesses receive export financing.
International Trade Loans - This program is designed to help businesses in international trade overcome competition from imports.
Delta Loans - Loans that help small contractors transition from defense to civil contracts.
Community Adjustment and Investment Program (CAIP) - Program designed to help businesses in communities negatively affected by the North American Free Trade Agreement (NAFTA).
Communities Eligible For CAIP Funding (PDF File) - A listing of all communities which have been designated as eligible for funding under the Community Adjustment and Investment Program (CAIP).
Employee Trusts - Loans that help provide financial assistance to Employee Stock Ownership Plans (ESOPs).
Pollution Control Loans - Pollution Control loans are 7(a) loans with the special purpose of pollution control.
CAPLines Loans - Helps small businesses get their short-term and cyclical working capital.
Certified Lender Programs - Get a loan from a certified lender who knows the policies and procedures of the SBA.
Preferred Lender Programs - This program helps speed up the loan application approval process.
Community Express - Program that serves geographic areas of mostly low and moderate income.
Secondary Market Programs - Program designed to make lending to small businesses more attractive.
Asset Sales - SBA's initiative to take advantage of the private sector's efficiency by selling its portfolio of loans and other assets in order to help manage its overall credit exposure.
How To Prepare A Loan Package - Create the best loan package for your business.
Never Take "No" For An Answer - Learn why your loan application was rejected and take steps to correct those reasons.
SBA Loans FAQs - Get answers to the questions frequently asked about SBA loans.
USDA: Farm Loans Direct - The U.S. Department of Agriculture (USDA) Farm Service Agency's Online loans and services.
USDA: Farm Labor Housing Loans And Grants - Provides capital financing for the development of housing for domestic farm laborers.
USDA/FAS: Financing Promotions And Exports - The USDA Foreign Agriculture Service (FAS) offers funds for marketing U.S. products overseas.
USDA: Rural Business Cooperative Service - A variety of USDA rural business development and grant programs.