Friday, January 25, 2013

Today is a Day Nothing Like The World Has Ever Seen Before. | Lamed Vav- 36 People Save The World

Today is a Day Nothing Like The World Has Ever Seen Before. | Lamed Vav- 36 People Save The World: "The seeds for our planets destruction,

Have been planted long ago.

By subtle yet very real forces,

That perhaps only a handful of people could even hope to understand.

Call it a fable, myth, or legend, if you prefer,

Yet the steadfast true believers, who quietly exist,

Understand that the concept has it’s roots,"

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Tuesday, January 22, 2013

Government Sources of Micro Loans for Small Business - Federal and State Sources - Microlending - SBA

Government Sources of Micro Loans for Small Business - Federal and State Sources - Microlending - SBA: "Contact Your Local Micro Loan Intermediary
If you don't know who the local intermediary is for your state, the SBA provides a list here. The intermediary is required by the SBA to provide business training and assistance to its micro business customers. You, as a micro borrower, are required to fulfill that training. You may also contact your local SBA District Office for more information."

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Opportunity Fund | Microloans | Small loans to Achieve Big Dreams | Opportunity Fund

Opportunity Fund | Microloans | Small loans to Achieve Big Dreams | Opportunity Fund: "But 45% of small businesses fail because they are unable to get the loan they need.
Many businesses are unable to access loans from traditional financial institutions because they are too young or too small. Opportunity Fund works to expand access to financial services."

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Microloan Program | SBA.gov

Microloan Program | SBA.gov: "Technical Assistance

Each intermediary (lender) is required to provide business training and technical assistance to its micro-borrowers. If you apply for microloan financing, you may be required to fulfill training and/or planning requirements before your loan application is considered. This business training can be helpful to you as you launch or expand your small business.

Terms, Interest Rates, and Fees

Loan terms vary according to:

The size of the loan

The planned use of funds

The requirements of the intermediary lender

The needs of the small business borrower

"

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Microloan Program | SBA.gov

Microloan Program | SBA.gov: "The Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries make loans to eligible borrowers. The maximum loan amount is $50,000, but the average microloan is about $13,000."

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Government Sources of Micro Loans for Small Business - Federal and State Sources - Microlending - SBA

Government Sources of Micro Loans for Small Business - Federal and State Sources - Microlending - SBA: "Loan Terms, Interest Rates, and Collateral
The maximum term of a SBA Micro Loan is six years. The interest rates are generally between 8% and 13%. The SBA only guarantees the loans and the loans are actually made by the community intermediaries so collateral is up to the individual intermediary and its requirements. There is usually some form of collateral required and the personal guarantee of the borrower."

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Microloan Sources for Small Startups Business on Main

Microloan Sources for Small Startups Business on Main: "ACCION USA is a private nonprofit that offers startup and expansion microloans of up to $50,000 to small-business owners in the U.S.  The Web site has an information video, a quick online application and other helpful resources. You can join their e-mail list or check out the ACCION USA Facebook page."

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