Ahavel Aborishade, an Emerging Entrepreneur in the Technologic World, Explores Why Women Entrepreneurs Should Give the SBA’s Small Business Loan Programs a Second Look


Originally published on boglovin.com

 Female entrepreneurs often find themselves in an uphill battle when searching for the best opportunities that will instill company growth. When small business loans seem next to impossible, women should think twice about the Small Business Loan Programs that the Small Business Administration (SBA) offers.
 
Focusing on building a better future for those around her, technology entrepreneur Ahavel Aborishade discusses the benefits SBA programs offer for women business owners looking to access funding.
What can the SBA do for your business?
Gaining capital through SBA Small Business Loans is a wise move for female entrepreneurs. These loans offer low annual percentage rates, which can help women access some of the lowest business financing obtainable.
SBA loans are a proactive choice when opening a new location, refinancing an established loan, increasing the number of employees, and much more.
When searching for loans from the SBA, it’s crucial for a female entrepreneur to not only know what financial weaknesses her business suffers from, but also what capital options can eliminate those weaknesses to take her business to the next level of growth.
Once funding needs are recognized and prioritized, an excellent step to take next is exploring the SBA website. Here, women business owners can decipher loan options and access a loan application checklist. In preparation for a loan, the SBA requires the following: SBA’s borrower information form, statement of personal history, personal financial statement, previous three years of personal income and business tax returns, business certification of the license, business lease, and loan application history.
SBA Small Business Loan Targets
SBA’s Small Business Loan Programs are unique to their customers. Each loan is specifically geared towards assisting in small business needs.
For example, for women who are ready to launch their business, the SBA’s microloan program is a great option. Non-profit organizations receive funds from the SBA to lend small amounts to for-profit companies. If a business is starting or expanding, it can receive a loan up to as much as $50,000. This program limits business owners from using funds to buy real estate but does allow funding to go towards inventory, supplies, machinery, equipment, or furniture.
Another excellent program the SBA provides for women-owned businesses is the 8(a) Business Development program. This program assists small, less-advantaged businesses with stability in the market.
The SBA also organizes programs revolving around business training, counseling, federal contracts, and capital gain for the Office of Women’s Business Ownership (OWBO). The OWBO then assists female entrepreneurs through SBA’s correlated programs. In addition, due to the government’s requirement of contracting five percent of small businesses owned by women, the OWBO helps women-owned small businesses to be competitors for federal contracts. “The support that the SBA and the OWBO show towards empowering women-owned businesses, is revolutionary. Female entrepreneurs are advised to take advantage of what these programs have to offer,” said Ahavel Aborishade.

Comments

Post a Comment

Popular posts from this blog

Ahavel Aborishade, Entrepreneurial Expert, Gives Insight Into How Female Leaders Can Thrive In Male-Dominated Industries

Business can be an intense, cut-throat, almost brutal environment where only the fittest survive. You need to be sharp, have speed of thought, and practice a relentless determination to become a leader. For women, it can be even more of a challenge - particularly in male-dominated industries. Luckily, however, here are some tips shared by Ahavel Aborishade, business leader, that you can follow to thrive in just such an environment:  https://www.theodysseyonline.com/ahavel
Read more

Ahavel Aborishade Shares 7 Ways Independent Travel Makes You a More Effective Entrepreneur

Originally published on  totlol.com Talent, drive, and ambition are the cornerstones of a dynamic entrepreneurial career; however, entrepreneurs aren’t born fully developed and ready for the business fray. Successful business people need to take full advantage of the lessons life teaches to be able to apply them to their business career. Independent travel is one of the most intense sources of life experience, and here, successful California businesswoman  Ahavel Aborishade  shares seven important ways it can benefit an aspiring entrepreneur. 1) Greater Resilience Independent travel presents many challenges, from language barriers and cultural confusions to physical discomforts. You’ll need to make your way around a country without access to familiar services and reliable support structures. Facing and overcoming the difficulties you meet will build your resilience and prepare you for when times get tough in business.
Read more