Quantcast

Banner Biz QandA

7/6/2010, 9:18 p.m.
Robert H. Nelson, Massachusetts district director for the U.S. Small Business Administration (SBA) discusses the types of loans and...
Robert H. Nelson, Massachusetts district director for the U.S. Small Business Administration (SBA) discusses the types of loans and services SBA provides in this interview.

Q: What special SBA services are available for a company that plans to export goods or services?

Three of SBA’s 7(a) loan programs are focused on companies involved in exporting. Those programs are Export Express, the Export Working Capital Program and the International Trade Loan Program. Find out more about these guaranteed loan programs at www.sba.gov/internationaltrade/finance.

In addition to these loan programs, the SBA has two valuable resources for companies involved in exporting — the U.S. Export Assistance Center and the Mass Export Center (USEAC), part of the Massachusetts Small Business Development Center Network.  USEACs are one-stop shops ready to provide small- or medium-sized businesses with local export assistance. In Boston, contact SBA’s John Joyce at the USEAC at 617-565-4305 or e-mail him at john.joyce@mail.doc.gov. The Massachusetts Export Center offers a range of targeted, customized services to Massachusetts businesses at any stage in the export process. Included in the Mass Export Center’s offering are: export counseling and technical assistance, international market research and assessment and international business development assistance. Find out more about the Mass Export Center at www.mass.gov/export. 

Q: Does the SBA provide business training for those with no prior business experience?

Many of the training programs offered through the SBA and other resource partners are appropriate for individuals with no business experience. The Massachusetts SBA holds monthly seminars, “The SBA Advantage,” at various locations throughout the state. This program is great for someone not yet in business who wants to see what kind of financing and training is available. At these sessions, participants will also learn about ongoing indepth training programs that some other organizations offer for new entrepreneurs. The training calendar of events can be found at www.sba.gov/ma.