July 13, 2020 – As more and more small businesses enter the market the need for plans that meet the Small Business Administration (SBA) guidelines for funding and the SBA loan program has become even more important. “We are at a key point in the recovery of our national economy with entrepreneurs leading the way; if this trend of small business growth stalls, we could be right back in the same predicament. This is why securing funds continues to be a hot button topic in the small business community”, says Joe Ferriolo, Director of Wise Business Plans. Wise Business Plans recently became a preferred SBA vendor and will now be in a position to help clients meet the requirements of this valuable resource. Through this vendor relationship, Wise Business Plans will be able to assist clients when applying for:
Types of SBA Loan Program:
- 7(a) Loans: The 7(a) Loan Program is a program that provides financial assistance for businesses with special requirements. Wise Business Plan professionals have the expertise needed to assist in the development of plans that meet 7(a) Loan program requirements. “Every business is different but some businesses qualify for a special type of funding and this is where the professionals on our staff stand above the rest”, says Mr. Ferriolo.
- Microloan Program: The SBA Microloan program provides small, short-term loans to small business concerns and certain types of non-profit child care centers. These types of programs call for a great deal of skill and the ability to clearly state how the client will service the niche this program targets. Mr. Ferriolo says, “We go the extra mile with any plan but when children are involved, we take it as a compliment as the client has in effect entrusted us with a piece of the future.”
- CDC/504 Loan Program: The SBA 504 Loan program is an incredible economic development SBA loan program that promotes funding, financing, business growth, and job creation. “Programs like this are of significant value to the small business owner. We understand this and we are extremely dedicated to placing our clients in the best possible position to qualify for funding under this program”, says Mr. Ferriolo.
“This is an amazing opportunity for our company to help small business owners and we plan on continuing to deliver the types of products that serve our firm, the SBA, and the client well”. For more information on how Wise Business Plans can assist in business plans, marketing plans, and other types of business collaterals, please visit wisebusinessplans.com or call 1-800-496-1056 to schedule a consultation.