Getting your business started can be a slow laborious process.  You need capital but don't have the resources to get it.  One of the few places that you may try to get funding is the Small Business Administration.  The SBA caters to small business and its goal is to get small businesses off the ground.  Banks and other lending institutions are offering loan packages geared to small business. The unique thing about the SBA is that even though banks will call it a SBA loan, the SBA doesn't really loan any money.  What they do is that they guarantee the money in the event of a default.  So the bank is protected in loaning out money to small business.

There are many different types of loan packages that the SBA does offer.  The name of the loan program is the 7(a) Loan Program. The loans are specifically for start ups and small business who want to get started but with little or no funding.  The SBA website has a lot of information on the different types of loans available to you depending on the general purpose of the small business.  Check it out if you're in need of a small loan to get started.  It is one of the best sources of funding for small business anywhere.  Many banks are still hesitant to lend out their own money so a guaranteed loan from the SBA may be the way to go.  However, you still have to qualify. 

An interesting LA times article today shows that small business lending has been trending upwards.  It is a bright spot on a negative news day about the economy.  Housing numbers for sales of existing homes plunged 30% after the expiration of federal tax credits.  Small business is seen as the key factor in driving up employment numbers as the economy is looking to the private sector for jobs.  The job market might take a hit after thousands of temporary census jobs being terminated.

We can help your small business with its incorporation filing,  we also form llc's as well.

Although the Small Business Administration loans have been slow throughout the country, there may be some improvement for business owners in California.  The improvement in the number of business getting approved for SBA loans have been rising since the spring.  New incentives have also made it more appealing to get the loans from the SBA.  Fees on the loans have been lowered while loan guarantees have risen to 90% vs 75% before.

Although the numbers of loans are rising, lenders still remain cautious.  Small business are still suffering from the effects of the recession.  The increased lending is being driven by the improving credit worthiness of business.  The market is improving and business is steadily adding jobs.  It will be up to the economy to weather the storm over the turmoil happening overseas with Greece.