Edwin called the show today. He’s setting up a small business and his local bank turned him down. He wanted to know about some other resources.
I recommended he turn to the Small Business Administration (www.sba.gov) for their free or very low-cost classes, mentoring, advice, and help with applying for an SBA loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged annually for the use of the funds...
I also recommended SCORE, www.score.org. Score provides all sorts of free resources for small business owners. There are free workbooks, online and in person mentoring, and other networking opportunities.
Have you found any other small business resources that can help?
December 23, 2008