Many business owners are aware of the US Small Business Administration and many have taken advantage of their loan programs to start or expand their businesses. Most business owners and many lenders are unaware that there is additional assistance offered in the form of online courses through the SBA.
Recently the SBA has added two new courses to their menu of over 26 online courses. The new courses are Finance Primer: Guide to SBA’s Loan Guaranty Programs and How to Prepare a Loan Package. Finance Primer provides an overview of the different financial resources and programs avaialble to business owners. It is not limited to just those provided by the SBA. You can follow this link to the course, http://app1.SBA.gov/sbtn/registration/index.cfm?CourseId=29. The course will help you avoid common mistakes that business owners make such as not obtaining enough financing or applying for the wrong type of financing.
How to Prepare a Loan Package walks the business owner through the loan process including how to prepare a loan package and what lenders look for when they review a loan package. It also provides links for related information and provides referrals for assistance in the preparation of a loan package, This course can be found at http://app1.sba.gov/sbtn/registration/index.cfm?CourseId=28
For more information on these and other course offerings you can go to the SBA’s online campus at the Small Business Training Network at http://www.sba.gov/training .
