Small Business Loan PDF Print E-mail
Written by Daniel Drew   
Wednesday, 27 May 2009 01:01

Find a Small Business Loan

There are benefits of living in particular states for small businesses. Finding a small business loan in different states is very practical.

US States: Find a small business loan.

There are rich opportunities for small businesses in a number of US states. The SBA (Small Business Administration) only keeps resource centers in particular locations, rather than all states. Small businesses that may or may not have enough internal capital to expand can have SBA responsible for quarantying their loan. The SBA helps fund entrepreneurs with franchise ideas or exciting business ideas as well.

These states share strong incentives for existing small business and entrepreneurs alike. This list of states is helpful if you are starting a small business. Small business loans are possible to find in:

 

Alabama - Alaska - Arizona - Arkansas - California - Colorado - Connecticut - Delaware - Florida - Georgia-
Hawaii - Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky - Louisiana - Maine - Maryland
- Massachusetts - Michigan - Minnesota - Mississippi - Missouri - Montana - Nebraska - Nevada - New Hampshire- New Jersey 
New Mexico - New York - North Carolina - North Dakota - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island- South Carolina
South Dakota - Tennessee - Texas - Utah - Vermont - Virginia - Washington - West Virginia -Wisconsin - Wyoming
 
Hersey, Pennselvania has a low interest rate loan of $2,000,000 available if you are a female small business owner living in Hersey. If you are not living in the metropolitan area of the states listed above, these may not be available to you.


With the 504/CDC SBA loan program, if you run a Radio Station in Salt Lake City, Utah that doubles as a music venue during the "Big Ass Show", you could contact the Certified Development Center in your area and request a guaranty on a small business loan up to $1,500,000. It could be used to improve the sound system and enlarge the stage that you held off on because you lacked the capital. The CDC in your area would be willing to guaranty their portion of the funds because the new stage would benefit the community. If you are in an area without a CDC, this would not be available to you.

In Austin, Texas you can recieve a 7(m) microloan of up to $35,000 for your not-for-profit child care center or small business. Only in communities with nonprofit intermediary lenders approved by the SBA is this available. Finding that kind of low interest, limited fee microloan in a rural area would be nearly impossible.

Comments
Female small business loan
Amber 2009-05-27 10:58:50
It is amazing to me that loans can be so specific to applicants. $2,000,000 to
a female small business owner living in Hersey? I wish I could find a loan like
that where I lived to get my business off the ground.
Reply
Discrimination against rural areas?
Bill 2009-05-27 11:00:11
It does seem that rural areas are a bit discriminated when it comes to loans.
If you live outside of the big city, are there still loans that can help you get
your small business started?
Reply
Success story
Candi 2009-05-27 11:01:49
I am a small business loan success story! After my husband died, I had trouble
keeping our family business afloat. A small business loan gave me the money
that I needed to get back on my feet. Thanks for the info!
Reply
Salt Lake City
Dave 2009-05-27 11:03:56
My brother-in-law lives in Salt Lake. His company recently took advantage of
the CDC's guaranty. These small business loans really work!
Reply
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Last Updated ( Saturday, 18 July 2009 23:42 )