SBA ReVamps to Meet Business Expansion and Start Ups

PR Log (Press Release) – May 15, 2009 – NEW Stimulus Package Helps Expand or Start New Businesses

Los Angeles, California -- SBA Updates Supports (Small Business Administration) small and mid-size businesses with ease of borrowing for working capital and start-up, creation of new jobs by injecting $15 Billion Dollars into the commercial lending market.  Making SBA Guaranteed Loans more palatable for lenders, business owners and the economy, just released by CEO Life Mentoring, Inc.  

"It's a perfect storm"  said Carmen J. Day, SBA Expert of American Capital Credit Corp. "because it brings together some of the most important original 1954 intentions of SBA, along with the most recent enhancements, really supports the current business environment and CEO challenges. SBA can offer some perfect solutions to raising working capital, buying commercial properties and much needed capital for a new business with no fees.”  

The underwriting manual for Loan consideration has been made easier for businesses to fund because the once 1,000 page manual has been reduced to 400 pages, as of August 2008.  "We want to tell the story of the original SBA early years in workshops, seminars and training but in a way that would appeal to people new to business as well as to established existing business owners." Carmen said.  “The Old way of doing business with SBA guaranty Business Loan has been simplified to meet the current need, and we assist Business Owners with navigating within those changes.”

The new SBA Guaranty Loan program offers a temporary, however very impactful moratorium, the waiving of its fees to secure the guaranty, that is 3% savings to the borrower immediately.  Never before in the history of SBA of close to 45 years has any fees been waived.  This information needs to be shared so business can be made aware.  That is why CEO Life Mentoring, Inc, and American Capital Credit alliance was formed.  “We educate Business owners of these changes, with personal consultations and community seminars, ‘How to Expand or Start a Business with SBA Financing’. We provide not only current information, but Solutions for the hurting small business owner, said Carmen. “because as trained SBA Loan packaging consultants and business development firms, we are committed to elevating business and providing solutions!”.  

More information about the many updates including March 09 can be found on the SBA web site. http://www.sba.gov/ It also provides detailed information about current administration changes and numerous links to resources about the history of the Small Business Administration.  

CEO Life Mentoring, Inc is a California Based company specializing in Business Development. The company's "Whole Coaching and Mentoring" services for Creatives Engaged in Optimizing Opportunities” has been featured and nominated CEO/Owner Business Woman Making a Difference, for the Los Angeles Business Journal award 2009; Carmen J. Day featured on local 7 News, Interviewed by many financial News, Trade and other publications.


Contact:

Carmen J. Day 310/924-9216
Email: carmen4ceos@yahoo.com
www.ceolifementoring.com