Banks Providing Lifeline To Small Business During Pandemic

Phase III. The goal of Phase III, the place appropriate, is for the small business to pursue commercialization goals resulting from the Phase I/II R/R&D actions. The SBIR/STTR applications do not fund Phase III. At some Federal companies, Phase III may contain observe-on non-SBIR/STTR funded R&D or manufacturing contracts for products, processes or services meant to be used by the U.S. Through a aggressive awards-based program, SBIR and STTR allow small businesses to explore their technological potential and provide the inducement to revenue from its commercialization.

Loan phrases, collateral and documentation requirements apply. Actual amortization, price and extension of credit are topic to needed credit score approval. Bank of America credit score standards and documentation requirements apply. The United States Small Business Administration (SBA) offers business assistance and a number of other forms of loans and grants to help small businesses throughout the nation. The Portland District Office acts as … Read More