One of the benefits of the NAICS Code classification system is that it classifies the PC- and Internet-based businesses that always defied description in the SIC Code Manual. If a given enterprise provides a service that the federal government would find useful, the Small Business Administration may also help it bid for, and receive, a contract to supply that service. Women’s Business Centers are mandated to serve a major number of socially and economically deprived individuals. Even if the variety of loans made by the SBA is relatively small, the help goes to some of the most necessary, and most in need, sectors of our economy. About half of the individuals who work on this nation are employed by a small enterprise.
Loans may be up to $2 million, and the borrowing firm has a most of 30 years to repay. The program offers small, quick-term loans to small companies …Read More