BBVA Compass was recognized by the Small Enterprise Administration with two awards lately, highlighting extra achievements for the financial institution in its dedication to entrepreneurship. Small enterprise contracting packages include efforts to ensure that certain federal contracts attain girl-owned and service-disabled veteran-owned small companies as well as businesses collaborating in programs such as 8(a) and HUBZone. Ladies’s Business Facilities (WBCs) signify a nationwide network of over a hundred non-profit academic facilities all through the United States and its territories, funded in part by means of SBA support.
We’re committed to being a premier provider of small business financing under the United States SBA loan applications, by recognizing the particular needs of the small businesses we serve and by offering best in school service. Planning is a vital facet and you’ll be guided on issues like writing a marketing strategy, understanding what enterprise you are in and the ways through which you are going to use this plan.
Through September 30, 2017, maximize small enterprise participation in federal prime contracting to meet the statutory goal of 23%, ensure targets for subgoals are met, and reduce participation by ineligible firms. From a marketing perspective, communicating and disseminating trade financing information to lenders and small enterprise exporters could provide difficult given current, and anticipated, price range constraints on staffing.
SBA will continue to support small business entry to capital by rising the number of lenders collaborating within the flagship 7(a) loan program (together with the Community Benefit pilot program). Microloans – This program provides loans up to $50,000 to assist small companies and some not-for-revenue childcare centers begin up and expand.
The SBA is also streamlining the certification process and knowledge for federal contracting and continues to aggressively root out fraud, waste and abuse in small enterprise contracting to make sure that contracting dollars go to deserving small businesses.