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Find Out How the Small Business Administration (SBA) Can Help Your Business

More than 90 percent of United States-based companies are privately owned and the majority of them could be classified as small businesses. With that in mind, organizations like the Small Business Administration (SBA) take their roles seriously as advisors, supporters and advocates for U.S. businesses. William Manger. Associate Administrator, Office of Field Operations for the SBA, highlighted the resources and loans available to small businesses during a recent Strategic Conversation®, (http://www.ibizresources.com/audio-interviews/Bill-Manger.html). Just go to the web page for an instant replay or to download this valuable discussion that will help you make the best use of the SBA.

Wayne Messick, editor-in-chief of www.iBizResources.com and the host of the teleconference who interviewed Manger, commented, “In my experiences, businesses fail, whether they are long-running businesses or startups, for two reasons – one is that they run out of money and the second is that they run out of experience. The SBA provides both.”

During the interview and follow-up question and answer session, Manger explained the resources and the different loan programs available through the SBA. For example, he described the 504 Loan Program in great detail. “The 504 Loan Program is tailor made for fixed asset acquisition – bricks and mortar – a building, machinery or piece of equipment,” he explained.

Listen to the interview and find out more about the SBA loan programs that encourage financial institutions to make loans that they might ordinarily find a bit risky, due to a small business’ brief time in business or other financial commitments. Manger said, “The SBA guarantees 50 to 80 percent of a small business loan that a vendor is making to a business. It can be for an infusion of capital to take the business to the next level as well as for startup needs.”

Manger also talked about the free counseling and advice available from the SBA and its partner organizations such as Small Business Centers, SCORE and Women’s Business Centers. For example, SCORE volunteers, generally retired executives who have been extremely successful in many different business roles and can offer a wealth of knowledge and practical tips for small business owners. Don’t miss your opportunity to hear more about this and other valuable information. Just visit http://www.ibizresources.com/audio-interviews/Bill-Manger.html to listen to this discussion.

Strategic Conversations and Henry Barbey, co-creator, www.strategicconversations.com, sponsored Manger’s discussion. Barbey explained that Strategic Conversations allow business leaders to tap into the collective wisdom of trusted colleagues. He says, “ Their ability to communicate ideas, discuss assumptions with other capable minds allows them to make clearer assumptions in their own businesses that result in greater profits, increased efficiencies, better morale, etc.”

To find out how business to business peer groups comprised of your colleagues can help you address your business concerns and challenges, review “Your Business Colleagues and Peers: A Fountain of Wisdom, Solutions and Advice.” To learn more about creating your own peer group, visit this resource: Realize Your Personal and Business Potential: The 21st Century Peer Group Process.

For more information, contact kelly@kellygriffin.com.