Describe the financial and management assistance programs offered by the SBA.
Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.
Expert Solution
Introduction to the topic
Small business administration - (SBA)
Is is an U. S based Government agency. It was established in the year 1953. The main motive of setting up of the small business administration it to promote the economy by providing the assistance to the small businesses.
Types of financial and management assistance by SBA -
1. Finance - The SBA are not the way to finance the business and provide loon, but it will provide a proper assistance to the individual by guiding and supporting the individual who want some financial help. The loan programs help the customers to take fund those who don't have advocate funds.
2. Temptation for plan - For qualifying a financial assistance one should have a business plan. Which helps in managing the business. The SBA assists the employees by providing templates and road map to the plan. It will help in generation of good plan that help in seeking investors interest.
3. Grants - It only help in providing the assistance to the grant it doesn't provided grants by itself only show the ways regarding the grant that are focuses on new business.
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