article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

New tech entrepreneurs can find it difficult to surmount the onslaught of obstacles to getting a new business off the ground. How these six businesses worked with the SBA to grow. Each of the businesses listed below had help from the SBA and overcame their challenges to become success stories. iRobot — From robots to riches.

Columbus 134
article thumbnail

The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. In particular, the SBA has given inconsistent guidance that continues to change and evolve, leaving companies left to wonder if they qualify or not. But, while very well-intentioned, it’s implementation has been flawed.

SBA 79
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

by Wayne Titus, author of “ The Entrepreneur’s Guide to Financial Well-Being “ Entrepreneurs and small business leaders are trying to figure out how to navigate COVID-19, from how to apply for loans and assistance to FMLA regulations. How can entrepreneurs work their plan and consult their advisers for assistance?

article thumbnail

Is Life Insurance Required For Your SBA Loan Approval?

YoungUpstarts

When applying for a loan through the Small Business Administration (SBA), you have to meet some basic qualifications. Once you meet the SBA’s requirements for being a small business, you’ll need to meet an additional set of requirements provided by your lender. Why is life insurance required to get an SBA loan?

SBA 147
article thumbnail

Encore Entrepreneur Is The New Baby Boomer Lifestyle

Startup Professionals Musings

Contrary to what you might guess, the highest rate of entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs. With longer life expectancies and greater health in later life, older generations are moving to start new firms -- and mentor young entrepreneurs.

article thumbnail

How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. This money is administered by the SBA (small business administration) and is obtained through an approved bank who reviews your application. I am not claiming to be the world expert on this. payroll protection.

article thumbnail

How to Get Funding for a Business

Up and Running

The rare exception is a special case, in which investors know an entrepreneur well and are ready to invest in them at an early stage. In that case, they are investing in the entrepreneur, not the plan. . A plan is also required for applying for a business loan guaranteed by the Small Business Administration (SBA). You should.

SBA 161