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Whether you need to obtain financing to start your business, to move forward or to finance a purchase
of equipment or property, the process can be daunting and frustrating. We can help you understand and guide you through
the process so that you can better manage your risk. In today's economic world, being able to fiance or re-finance your
business can be crucial for surviving. While it is much more difficult to obtain financing than in the recent past,
loans still are being made and new programs have been and will continue to be unveiled to help businesses obtain the financing
their needs. One option that is becoming more popular and more practical to qualify for are loans through the SBA (Small
Business Administration), especially some of the programs funded by the federal stimulus package. The newest such loan
is referred to as an America's Recovery Capital (ARC) loan. The details of this program are set to be announced in the
beginning of June 2009. To learn more about the SBA in Minnesota you visit their website or contact a lawyer at Nash & Lodge at 763.862.6100 or e-mail us at nash@nashandlodge.com. The Minnesota Small Business Resource Guide provides a great deal of information regarding the various resources and help available to
small businesses. We also work with private companies like Central Minnesota Development Company which is a local SBA Premier Certified Lender, a designation held by less than 10 percent of the certified development
companies nationally have this designation. While the SBA has always offered an attractive option for financing small
business needs, they are even more attractive today due to the credit issues our country is facing. |
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