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Financing and Loans

To start a new business, organizations typically require some form of financing. Below you will find links to information to help raise sufficient capital or gain financial assistance through loans or grants. The SBA provides a number of financial assistance programs and disaster assistance loans for small businesses. The links below will guide you to loan eligibility requirements, SBA’s loan programs, and other lender programs. Although the SBA does not provide grants to help start a business, their resources include organizations and sites that can assist in that purpose.

 

General Financing and Accounting

 

·         Start-Up Costs
Use the SBA calculator as a guide on the initial expenses a business will have
 

·         Financing Basics
Learn the basics of how to plan to finance a business
 

·         Breakeven Analysis
Understand when a business should break even and when to expect a profit
 

·         Equity Capital
Learn about the pros and cons of offering stock
 

·         What's a Surety Bond?
Learn what a surety bond is and if it can help a business
 

·         Learn About SBA's Surety Bond Program
Read a detailed explanation about how this program operates
 

·         Handling Finances
Learn about the numerous funding opportunities available

·         Personal vs. Business Finances
Understand the importance of getting personal finances in order before starting a business

·         Borrowing Money
Know the essentials in borrowing money and what the banker will ask
 

·         Credit Factors
Explore the basic elements examined in every loan application


Loan and Funding Information

 

·         Finding Capital
Know how to find various sources of capital to begin a business
 

·         Small Business Investment Companies (SBIC) Program
Learn about privately owned and managed investment firms that provide venture capital and startup financing to small businesses

·         Federal Grant Resources
Review this list of federal resources that can give organizations a grant
 

·         A Guide to Grants
Learn grant writing tips, requirements, and other grant facts

·         Applying For a Loan
Get help in writing a loan proposal
 

·         How To Prepare a Loan Package
Learn what questions owners should ask themselves in order to create the best loan package
 

·         Loan Proposals
Explore tips to develop and organize a loan proposal
 

·         Loan Package Checklist
Access ideas to make sure all the necessary elements are included in the loan proposal
 

·         Rejected Loan Application Information
Learn why a loan application is rejected and how to correct it
 

·         SBA Loan Programs
Learn which SBA program is right for an organization
 

·         Employee Trusts
Get information about loans that help provide financial assistance to Employee Stock Ownership Plans (ESOPs).

 

DISCLAIMER:  This content has not been approved, disapproved or otherwise acted upon by any senior technical committees of, and does not represent an official position of, the American Institute of Certified Public Accountants. It is distributed with the understanding that the contributing authors and editors, and the publisher, are not rendering legal, accounting, or other professional services in this content. If legal advice or other expert assistance is required, the services of a competent professional should be sought.