Regardless of your position on President Obama’s new health care plan, here’s something for small business that he must be credited with. The current administration has fired up millions of dollars in federal allocations and incentives for banks to support the quick injections of cash for micro enterprises.
To qualify businesses must have 5 employees or less and require $35,000.00 or less.
They typically work as installment loans versus lines of credit through a nonprofit lender. The key here is these loans are targeted at those who would not ordinarily qualify for a bank loan, in short you do not need perfect credit. More good news, young, first-time entrepreneurs’ and minorities are welcome to apply.
Where to start;