SBA Funding and Resources
SBA Loan Programs 7(a), 504, and SBAExpress
SBA Loan Programs
The SBA International Trade Loan Program
SBA Export Loan Programs – 06.12.14
L.A. County Community Development Commission/Housing Authority
Small Business Programs
L.A. County Office of Small Business
A PDF file is located under the Resource Guide section. You can obtain a hard copy of the resource guide at the SBA office--Make sure you call the office beforehand. The guide includes a list of Credit Unions that have SBA Financing programs.
SBA Los Angeles District Office Resource Guide
The SBA Lender Match connects entrepreneurs with SBA Approved lenders. Once an applicant fills out the form, SBA Lenders contact him/her within 48 hours if there is a match.
The SBA Lender Match
Federal & State Government Funding and Resources
USA Gov Finance Your Business provides information on federal-level financing programs to assist small businesses.
USA Gov Finance Your Business
Helps individuals looking for government loans. It directs you to the loan information that best meets your needs.
Provides a full listing of all Federal programs available to State and local governments (including the District of Columbia); federally-recognized Indian tribal governments; Territories of the United States; domestic public, quasi- public, and private profit and nonprofit organizations and institutions; specialized groups; and individuals.
Catalog of Federal Domestic Assistance (CFDA)
Interesting article from the Harvard Business Review
Growing a Start Up without Outside Investors – Chobani – Oct 2013
The starting point is a business plan. Refer to the information in the section on Business Plans. SCORE LA offers workshops on the basics of a business plan. Our mentors are happy to go over your business plan when you are ready.
Please read these articles and guides to increase your chance of obtaining business loans. You will learn a lot about how lenders evaluate a business to make a loan.
Bank criteria for lending to existing and start-up businesses
Bank Loan Requirements
Find the Right Business Loan for You: Loan Type and Requirements
Financing a Company of Any Size
Camino Financial, an online lender specializing in the Hispanic community, has provided these articles and videos on business loans.
- Understand Your Business Credit and Get Access to Cheaper Capital 7-25-14 – Article
- Myth or Truth?: I Cannot Get Credit if I Have Only a Tax ID 6-26-15 – Article
- Think You Don’t Need Business Credit? Think Again – Article
- How to Prepare Your Business for a Bank Loan – Video
A guide from the Pan American Bank
Small Business Loan Guide – 2014-01
If you are considering more than a one-time loan, you may want to learn more about double dipping. Learning about the concept may help you reduce your financing cost.
- Double Dipping Explained
- Double Dipping: The Hidden Cost of a Merchant Cash Advance
- 5 Ways to Avoid Paying Too Much on a Business Loan
Templates that may be helpful
Crowdfunding Cheat Sheet by Kathleen Minogue of Crowdfund Better
Crowdfunding: an alternative financing approach
SBA Crowdfunding Notes
Investor Money/Equity Financing
Directory and in-depth information on incubators, accelerators and co-working spaces
Written by David Berkus, a famous angel investor in Los Angeles, and published on his website Berknomics.com, David discusses the best ways to raise money from friends and families without feeling sorry for them.
How to appropriately ask for money from friends and families
Is it really possible to get a grant to start or grow a business?
SCORE volunteers investigated the reality of grant programs in the US and put together what they found in this article. If you are seriously thinking about grants for your business, WE STRONGLY RECOMMEND you read this article. The article tries to provide the most realistic picture of what it takes to get a grant for your business.
Government Grant Programs
Summary notes – SCORE National’s “Workshop in a Box” on Funding.
Securing Capital to Grow Your Business
How do I improve my business finances? Pay my business debts? Where do I get money?
Before you search for funding of any type, please review information available at the following links:
- SCORE Visa Financial Management Workbook: Manage Your Business Finances Better
- SCORE Business Debt Relief Guide: How to Pay Business Debts You Can’t Afford
Valuing a Business
A free online guide to business valuation resources, industry information, economic data, and more. Designed as a comprehensive reference guide for business appraisers
American Society of Appraisers provides various educational materials on valuing a business. The website also provides access to a directory of business appraisers.
American Society of Appraisers
A General education on how to buy a business
How to Finance an Acquisition
An easy-to-read educational article on how to value a private business. If you are looking to purchase a business and know little about finance and accounting, this is the best article for you
Private Company Valuation