SBA Improving Small Business's Ability to Land Federal Contracts

Posted in: Federal Government, SBA News, Business Cash Advance
By US Business Finance Corp.
Sep 5, 2008 - 10:17:19 AM

Operating capital to fulfill government contracts
Recently the SBA has increased its efforts to help small business owners enter the $400 billion federal contracts marketplace. Government contracts are one way for small businesses, from manufacturing plants to research businesses, to raise operating capital and gain a large steady customer. The SBA employed their May 2008 web chat to have the associate administrator for government contracting and business development, Fay Ott, discuss the SBA's educational programs and field questions from interested business owners.

For small business that need to quickly increase their operating capital to invest in equipment or manpower to fulfill government contracts, US Business Finance Corp has an alternative financing option, such as business cash advances. We are specialists assisting small businesses, restaurants, and even Internet marketing businesses quickly find the funds they need to take advantage of profitable business opportunities.

The online chat was only one of several avenues the SBA is pursuing to help small businesses. SBA Deputy Administrator Jovita Carranza also noted that the SBA "recently launched an online contracting course, and in the coming months we plan to make other tools available such as a contracting podcast and live streaming video for all small businesses."

The SBA website has been a goldmine for small business owners finding out needed information or links for tax information, and general business guidance. Now that knowledge base will be greatly expanded to help small businesses take necessary steps, such as signing up in the Central Contractor Database (CCR), the major first step for doing business with the federal government.

Women, veteran and minority owned businesses, as well as businesses in the HUBZone programs are especially targeted for help, since they are under-represented in the mix of small companies landing federal contracts. Often the SBA can also link owners up with organizations within their city or state that are also working to expand small business's slice of the federal spending pie. US Business Finance Corp has found these businesses are also typically under-served by the traditional lending community. Our alternative financing solutions, such as business cash advances, helps many of these businesses get the financing they need to expand and handle more business opportunities.

Contact our small business financing specialists today to see how we can accelerate your cash flow solutions. Our rapid business cash advance approval process and funding typically gets businesses the funds they need in less than ten days!