Big Cash for Small Businesses

Charles Harter; Henry Wichmann; H. Charles Sparks

Big Cash for Small Businesses

Charles Harter, Henry Wichmann, H. Charles Sparks

Accountancy

University of Alaska, Fairbanks

Research output: Contribution to journal › Article › peer-review

Abstract

By guaranteeing bank loans to small businesses, the SBA can help turn a struggling start-up into a viable enterprise or allow an established business to reach new heights. SBA loan interest rates often are lower than those small businesses would pay for conventional loans and fees usually are affordable. But the devil is in the details: Which SBA program is right for a given company? How much money is available and how is it guaranteed? What kind of information does the SBA want to see before making a decision? CPAs who are already providing various consulting services to their clients may have overlooked the added business opportunities that helping these clients evaluate and secure loans offer. But those CPAs who can navigate the SBA process also can add value to their client relationships.

Original language	American English
Journal	Journal of Accountancy
Volume	188
State	Published - Jul 1 1999

Keywords

Big Cash
Small Businesses

DC Disciplines

Accounting

Cite this

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abstract = " By guaranteeing bank loans to small businesses, the SBA can help turn a struggling start-up into a viable enterprise or allow an established business to reach new heights. SBA loan interest rates often are lower than those small businesses would pay for conventional loans and fees usually are affordable. But the devil is in the details: Which SBA program is right for a given company? How much money is available and how is it guaranteed? What kind of information does the SBA want to see before making a decision? CPAs who are already providing various consulting services to their clients may have overlooked the added business opportunities that helping these clients evaluate and secure loans offer. But those CPAs who can navigate the SBA process also can add value to their client relationships.",

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ER -

Big Cash for Small Businesses

Abstract

Keywords

DC Disciplines

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