Government Offers MBAs Help

By the My MBA Career Content Team � Find Top MBA Degree Programs

For MBAs, entrepreneurs and other small businessmen and women looking to grow their companies, the recession has made life hard, but help is out there.

These days, normal lenders will only let you borrow if you have a really high credit score, are willing to make a large down payment and already have several years of business experience under your belt. But the government has given the Small Business Administration (SBA) bailout money to offer entrepreneurs loans to expand their operations, and it's easier to be approved for these than for other credit agreements.

"The best way to get an unsecured business loan in this economy is through non conventional lenders - either a Venture Capitalist or Line of Credit firm," said Daniel Drew, the owner of a company that specializes in business loans, including the SBA's.

If you're an entrepreneur at heart, but have been held back by a lack of business education and a fear of further economic collapse, it's time to be optimistic. Consider enrolling in an MBA programMBA degree could get you the skills you need to run your own business, and the SBA could help with financing. today. An

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