{"id":4791,"date":"2012-01-03T18:41:39","date_gmt":"2012-01-04T02:41:39","guid":{"rendered":"http:\/\/spiken.wpengine.com\/news\/new-programs-for-2012-from-the-small-business-association-calvin-goings\/"},"modified":"2016-10-22T00:50:38","modified_gmt":"2016-10-22T07:50:38","slug":"new-programs-for-2012-from-the-small-business-association-calvin-goings","status":"publish","type":"post","link":"https:\/\/www.kentreporter.com\/business\/new-programs-for-2012-from-the-small-business-association-calvin-goings\/","title":{"rendered":"New programs for 2012 from the Small Business Association | Calvin Goings"},"content":{"rendered":"<p><p><span>Every January, Americans look ahead with  the desire to start the New Year with fresh ideas and hopes to improve.  The U. S. Small Business Administration is doing the same thing \u2013  regularly meeting with lenders and resources partners to get feedback on  ways to improve our loan programs and services. And, this past year,  the SBA engaged over 150 community lenders in all 50 states to provide  comments on ways that the SBA\u2019s <span>CAPLines<\/span> Program could work more effectively for both SBA lenders and small businesses, as this program has been underutilized.<\/span><\/p>\n<\/p>\n<p><p><span>SBA\u2019s <span>CAPLines<\/span> Program helps small businesses meet their short-term and cyclical  working capital needs. The SBA provides up to an 85 percent guarantee.  There are four loan programs under <span>CAPLines<\/span>: Seasonal Line of Credit Program, Contract Loan Program, Builders Line Program and Working Capital Line.<\/span><\/p>\n<\/p>\n<p><p>These are the key benefits of the program:<\/p>\n<\/p>\n<ul>\n<li>The SBA no longer requires small business owners without building  or equipment to use their personal assets as collateral to secure  working capital.<\/li>\n<\/ul>\n<ul>\n<li>Small businesses can pledge accounts receivable, inventory,  contracts, and purchase orders in order to secure an SBA revolving line  of credit. For example: when fulfilling a purchase order request, the  same order can be used as collateral to obtain an SBA-guaranteed line of  credit to hire more workers and buy more materials.<\/li>\n<\/ul>\n<ul>\n<li>Small business subcontractors can obtain an SBA-guaranteed line of  credit to finance their work on a contract with a federal prime  contractor.<\/li>\n<\/ul>\n<ul>\n<li>Small businesses working on a contract that requires surety bonding can obtain an SBA-guaranteed line of credit.<\/li>\n<\/ul>\n<p><p>\u00a0<\/p>\n<\/p>\n<p><p><span>Overall, the improved <span>CAPLines<\/span> Program provides business owners with the working capital they need to  take advantage of new opportunities, as they continue to grow their  business and create jobs in the new year.<\/span><\/p>\n<\/p>\n<p><p><span>Small businesses that use <span>CAPLines<\/span> will benefit from the increased SBA 7(a) loan limit of $5 million,  effective as a result of the Small Business Jobs Act. For those small  businesses looking to vie for bigger contracts, this will help them  financially prepare to compete and win.<\/span><\/p>\n<\/p>\n<p><p><span>Whether you are a <span>startup<\/span>, currently in business, or a business that is experiencing difficulties, SBA has programs to help you.<\/span><\/p>\n<\/p>\n<p><p>As you take the time to evaluate your business needs and set goals  for the New Year,\u00a0 remember to reach out to SBA resource partners such  as SCORE, Small Business Development Centers and Women\u2019s Business  Centers. They provide counseling and can assist you with developing or  updating a business plan, marketing plan, or a loan package to take to a  lender. To locate resources in the state of Washington or to contact your local SBA office visit: <a href=\"http:\/\/www.sba.gov\/about-offices-content\/2\/3157\" target=\"_blank\"><span>www.<span>sba<\/span>.gov\/<span>localresources<\/span><\/span><\/a>.<\/p>\n<\/p>\n<p><p>\u00a0<\/p>\n<\/p>\n<p><p>\u00a0<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every January, Americans look ahead with the desire to start the New Year with fresh ideas and hopes to improve. The U. S. Small Business Administration is doing the same thing \u2013 regularly meeting with lenders and resources partners to get feedback on ways to improve our loan programs and services. And, this past year, the SBA engaged over 150 community lenders in all 50 states to provide comments on ways that the SBA\u2019s CAPLines Program could work more effectively for both SBA lenders and small businesses, as this program has been underutilized.<\/p>\n","protected":false},"author":256,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yst_prominent_words":[],"class_list":["post-4791","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/4791"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/256"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=4791"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/4791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=4791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=4791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=4791"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=4791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}