The making of the history of small business loans is the result of decades of fine tuning based on the need for economic development and a way to add fuel to America's capitalistic society.
Overall, commercial lending practices began taking shape shortly after the Great Depression of the early 1930s.
The Hoover Administration kick-started the Reconstruction Finance Corporation (RFC), which helped business owners affected by the financial meltdown to resume normal operations.
The Roosevelt (FDR) Administration continued with the program while expanding its duties; the construction loan segment became a much-needed staple of the New Deal Era, a pivotal period in our nation's history that played an integral role in propelling economic recovery.
When the rebuilding of America relied heavily on company owners getting financed, a number of small business loans became available under the guidelines of the RFC.
Mortgage lenders from across the country adhered to these guidelines by funding hundreds of different projects designed to strengthen the nation's infrastructure.
Mortgage rate premiums were factored in a little differently than mortgage rates today, which helped thousands of business owners get back on their feet again.
A number of affiliated agencies and mortgage lenders continued to assist company owners achieve financial success, especially during the World War II era of the 1940s.
With big businesses virtually dominating production, congress implemented the Smaller War Plants Corporation (SWPC).
Small business loans were then appropriated to help sustain smaller companies as they played active roles in war production via extending lines of credit.
After dissolving the SWPC at the end of the war, the RFC once again assumed industry-related responsibilities.
Throughout the entire process, a transitional period of urban sprawl created the need for massive building projects to take place.
The construction loan segment of business proceedings began to grow rapidly, which actually helped in giving birth to the home equity loan.
The GI Bill of 1944 also helped soldiers returning from duty to apply for a number of post-vocational small business loans with lower mortgage rate payments and other benefits as well, such as lower home equity loan rates, living expenses, and the ability to achieve the American Dream.
All of these agencies and laws were created well before the Small Business Administration became official during the summer of 1953.
When the Korean War ended, President Eisenhower followed suit with the GI Bill by extending its services to American war vets in the same fashion: providing those who served their country with ample opportunities for well-being and success.
As the SBA firmly planted its roots, small business loans were processed and approved in the thousands.
By using the same basic formula applied in today's commercial real estate market, mortgage lenders affiliated with the SBA supplied start-up companies with the necessary capital to move forward.
Since that time in our nation's history, the SBA has expanded its services in many areas.
Also known as en equal opportunity organization, those who qualify can currently capitalize on seemingly countless commercial opportunities.
Construction loan packages seem to be the most enticing, yet a number of other applications for small business loans are being submitted, such as the hospitality business, apartment complexes, and office building ownership as well.
It's also important to note that the SBA caters to minorities, women, and as always, those who've made this country proud by serving in the military.
With offices established across the United States and beyond, they're working with a number of mortgage lenders to accommodate today's business needs, as well as consulting with prospective and existing business owners to find the best possible mortgage rate premiums.
For both the short-term and the long-haul, the SBA is doing its best to provide the necessary tools for twenty-first century entrepreneurs.
Small business loans are helping to keep the backbone of American business as strong as ever.
Overall, commercial lending practices began taking shape shortly after the Great Depression of the early 1930s.
The Hoover Administration kick-started the Reconstruction Finance Corporation (RFC), which helped business owners affected by the financial meltdown to resume normal operations.
The Roosevelt (FDR) Administration continued with the program while expanding its duties; the construction loan segment became a much-needed staple of the New Deal Era, a pivotal period in our nation's history that played an integral role in propelling economic recovery.
When the rebuilding of America relied heavily on company owners getting financed, a number of small business loans became available under the guidelines of the RFC.
Mortgage lenders from across the country adhered to these guidelines by funding hundreds of different projects designed to strengthen the nation's infrastructure.
Mortgage rate premiums were factored in a little differently than mortgage rates today, which helped thousands of business owners get back on their feet again.
A number of affiliated agencies and mortgage lenders continued to assist company owners achieve financial success, especially during the World War II era of the 1940s.
With big businesses virtually dominating production, congress implemented the Smaller War Plants Corporation (SWPC).
Small business loans were then appropriated to help sustain smaller companies as they played active roles in war production via extending lines of credit.
After dissolving the SWPC at the end of the war, the RFC once again assumed industry-related responsibilities.
Throughout the entire process, a transitional period of urban sprawl created the need for massive building projects to take place.
The construction loan segment of business proceedings began to grow rapidly, which actually helped in giving birth to the home equity loan.
The GI Bill of 1944 also helped soldiers returning from duty to apply for a number of post-vocational small business loans with lower mortgage rate payments and other benefits as well, such as lower home equity loan rates, living expenses, and the ability to achieve the American Dream.
All of these agencies and laws were created well before the Small Business Administration became official during the summer of 1953.
When the Korean War ended, President Eisenhower followed suit with the GI Bill by extending its services to American war vets in the same fashion: providing those who served their country with ample opportunities for well-being and success.
As the SBA firmly planted its roots, small business loans were processed and approved in the thousands.
By using the same basic formula applied in today's commercial real estate market, mortgage lenders affiliated with the SBA supplied start-up companies with the necessary capital to move forward.
Since that time in our nation's history, the SBA has expanded its services in many areas.
Also known as en equal opportunity organization, those who qualify can currently capitalize on seemingly countless commercial opportunities.
Construction loan packages seem to be the most enticing, yet a number of other applications for small business loans are being submitted, such as the hospitality business, apartment complexes, and office building ownership as well.
It's also important to note that the SBA caters to minorities, women, and as always, those who've made this country proud by serving in the military.
With offices established across the United States and beyond, they're working with a number of mortgage lenders to accommodate today's business needs, as well as consulting with prospective and existing business owners to find the best possible mortgage rate premiums.
For both the short-term and the long-haul, the SBA is doing its best to provide the necessary tools for twenty-first century entrepreneurs.
Small business loans are helping to keep the backbone of American business as strong as ever.
SHARE
