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By Milt Wright and Anita Lee Wright
Milt Wright & Associates

Resources Needed to Start Your Own Business Cont.

The California Loan Guarantee Program enables a small business to obtain a term loan, line of credit or letter of credit when it cannot otherwise qualify for a loan. The program provides a lender with the necessary security, in the form of a guarantee, to approve a credit facility. The guarantees are issued on behalf of the State by the San Fernando Valley Financial Development Corporation (SFV – FDC). SFV – FDC primarily services the Northern Los Angeles and Eastern Ventura Counties but may service any request within the State of California. The California Loan Guarantee Program benefits both Lenders and Borrowers. The program allows a business to not only obtain a loan it could not otherwise obtain, but to establish a favorable credit history with a lender. With that, the business may obtain further loans on its own, without the assistance of the program. Lenders will benefit from the ability to establish new lending relationships, which can be fostered into long-term banking clients.http://www.sfvfdc.org/about_us.htm

Additional Website Resources:
Business plan training course offered online by the Small Business Administration
http://www.sba.gov/training

How to create a business plan is also offered by
www.myownbusiness.com

A very good site to find sample business plans is http://www.bplan.com/samples/sba.cfm

The Build WorkSource web site provides material on topics of interest to businesses. It is not intended as legal advice or to answer specific legal or employment problems. The information presented in the Build WorkSource web site is from many sources therefore there can be no warranty or responsibility as to the accuracy, originality or completeness. Build WorkSource is not engaged in rendering legal or other professional counsel.

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