SBA (Small Business Administration) is a U.S. federal government agency created in 1953. Their main activity is to provide government-backed loan guarantees: Popular loan programs are 7(a), SBA Express, SBA CDC/504, SBA Economic Injury Disaster Loan (EIDL), Disaster, Microloans, Export, and Military Reservist loans. Denied applications are high because excellent credit and high net-worth are typically required for a SBA government-back loan guarantee. Federal government contracting programs are also provided including 8(a), HubZone, Mentor-Protégé, Veteran, Women, and Disadvantaged. Rejections are commonplace and hurdles are high. The Office of the Inspector General provides oversight and performance reviews. www.sba.gov.
All 50 states have their own independent State SBA office that issues and verifies business certifications for Women, Minority, Veteran, Hispanic, Asian, Black, Family, Christian, Muslim, and Small Business Owner Certification(s). Diversity Equity Inclusion DEI.us. In total, the ownership structure of 32 million companies can be verified at your local State SBA office. Each State A.G. Office provides oversight. Contact your State SBA office.
Ownership verification is crucial during these turbulent times in American history. It adds an extra-layer of defense against criminals and their fraud(s): Business Certification when combined with the 2024 Corporate Transparency Act is a very powerful Ownership Verification tool. Learn more about the new U.S. Federal Law as part of the National Defense Authorization Act to prevent terrorism and promote transparency within corporate structures. Corporate Transparency Act.
State SBA Offices are mandated (1) to provide Business Certifications- enroll, verify, and issue Business Certification for each state. Contact your State SBA office.
Corporate Treasury is your company's finance and accounting department. The balance sheet has assets and liabilities while the income statement has capital inflows and outflows. Treasury Risk Management attempts to manage or reduce the risks of interest rates, currency fluctuations, energy consumption, commodities, stock indexes, retirements and pensions, plus other line-items on the financial statements. Ask Questions: Contact SBA Risk Management Group™ at www.sbariskmanagementgroup.us
Turbulent economic times are predicted for 2024 - 2025 and Corporate Treasury Risk Management should be considered for all small business owners. Listen Live.
