Imagine stepping into your store, or restaurant, or the office where you run your business, a day or two after the floodwaters have receded. Unfortunately for thousands of business owners across the country, this scenario is more than just imagined.
The U.S. Small Business Administration has joined with the Department of Veterans Affairs and the Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs.
With the goal of providing a new financing alternative to car dealers, FirstBank approved a $2.7 million “floor plan” loan secured by the Small Business Administration to Autos de Cayey Inc., the bank announced Tuesday. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods, the […]