Small Business Administration
Small Business Administration
The best known source for small business assistance is the Small home business opportunity Administration (SBA).
SBA doesn’t provide direct loans but guarantees loans. The loan is made through a commercial bank, but SBA may guarantee up to 90 percent of the bank loan if repayment ability is indicated from the potential earnings of the business. A home business must prove that it is unable to secure reasonable financing from other sources to receive financial assistance from SBA. Women and minorities may qualify for special loan programs. Contact the SBA office to get more information at: Small Business Administration, 657 2nd Avenue North, Fargo, North Dakota 58102.