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Going Global:How Uncle Sam Can Help

This article shows how the Government wants to help small businesses not only sell their goods in the United States, but world wide. There are many loan-guarantee programs and insurance programs which help small businesses push forward. One example given is:
Paul Ibanez owns Anco Engineers of Boulder, Colo. Paul’s company produces shake tables. Shake tables are “machines that simulate earthquakes to test the structural integrity of small-scale building models.” In 2004 Paul received an offer from a Romanian government agency for $1.1 million. To produce a table it cost Anco Engineers $600,000. Half of this he needed to borrow. As Paul went to different big banks to pull a $300,000 loan the banks seemed to procrastinate a lot. After weeks of waiting the banks came back with a negative response and the ones that would give the loan were charging incredibly high fees.
Finally Paul Ibanez went to the Small Business Administration whom guaranteed loans for businesses involved with......


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Approximate Word Count: 634
Approximate Pages: 3 (250 words per double-spaced page)

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  1. Going Global:How Uncle Sam Can Help

    Going Global:How Uncle Sam Can Help. This article shows how the Government
    wants to help small businesses not only sell their goods ...