The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
A partner at The Fruit Tree for Business LLP and co-founder of ESSENCE, Lorna Turner, discusses why Social Enterprise Day is a good time to celebrate Exeter’s thriving social enterprise scene.