FINANCING OPTIONS
A "New
Venture Guide", available in the Consulting section of
the web site at http://asbdc.ualr.edu/start,
offers guidance in handling new business operations and finances.
The ASBDC neither lends money nor
administers grants. However, business consultants can
assist small business owners in meeting their operating
challenges.
ASBDC Research & Information Services
Our Research Center, located in Little Rock,
contains various research materials to help in preparing
business plans and loan proposals. Some of the resources
include sample business plans, industry financial ratios,
books on financing businesses, Internet access, and CD-ROM
databases. The Research Center provides these resources, at
no cost, on a non-lending basis. Complimentary photocopying
is available.
ASBDC Professional Consulting Services
The ASBDC provides, at no cost, one-to-one
professional consulting for business owners and
entrepreneurs. Help available includes: advice on operating
challenges in existing businesses, review of business plans
and strategies, guidance in starting new businesses,
preparation of loan requests, financial analysis and budget
development. Because the ASBDC is a statewide organization,
consulting needs can be met even for those who reside outside
of Little Rock.
Determiners of Loan Qualification
BizFacts Document #509, What Do Lenders Really Need To Grant Small-Business
Loans?, contains three short articles describing what commercial lenders
and banks expect when making a small business loan.
Loan Calculators
Want to estimate how much of a loan you can afford or estimate
what the payments are on a particular loan and/or interest rate? Then, try
our
AffordaBilly and
VeryInteresting loan calculators.
SBA Loan Programs
BizFacts Document #509, SBA Loan Programs, describes some of the most
popular SBA loan programs. Loan programs described include the 7(a) Loan
Guaranty program, SBALowDoc program, Prequalification Pilot Loan program,
MicroLoan program, and the SBAExpress program.
SBIR / STTR Research Grants
SBIR and STTR are highly
competitive three-phase programs that reserve a specific
percentage of Federal research and development funding for
award to small businesses. SBIR and STTR Phase I
awards are in amounts up to $100,000 for periods of up to six
months and one year respectively.
The Loan Proposal
Loan proposals tell: how much financing a business needs, how
the money will be spent, and how the loan will be repaid.
BizFacts Document #515, The Loan Proposal, provides an easy-to-follow
outline for developing a loan proposal.
Underutilized Businesses
Congress created the 8(a) program so that the Small Business
Administration (SBA) could assist small companies owned and operated by
socially and economically disadvantaged persons to develop their businesses.
BizFacts Document #4009, The Most Frequently Asked Questions About The SBA 8(a)
Program, provides background information on the 8(a) program.
Venture Capital & Angel Investors
Looking for a financial "angel" or
venture capitalist to finance your business start-up or
expansion? BizFacts
Document #501, The Reality of Venture Capital, provides
background information on the six types of venture
capiltalists, how venture capitlists work, and how to survive
the process.
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