Many companies have had the opportunity to grow their business by benefitting from government contracts that are specifically earmarked for small or disadvantaged businesses. But what happens with these prime government contracts when the time has come to sell your business? Federal law (41 U.S.C. § 15 – the “Anti-Assignment Act”) prohibits the transfer of […]
Looking for a small business loan in New England? Here you will find a comprehensive list by state of all the banks currently participating in SBA loan programs.
A complete list of the licensed SBICs in New England, updated in April 2010, including contact information, web address and a description of the types of investments made by the firm.
SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses.
The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses to secure up to $2 million of bank financing.
The SBA 504 Loan program is designed to provide small businesses with low-cost debt financing of up to $1.3 million for the purchase of property, plant and equipment.