Definition Not Dominant

Not Dominant definition
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SBA Loan Terms: Not Dominant

A concern which does not exercise a controlling or major influence on an industry in its field of operation called a non dominant concern. SBA investigates if a concern at or below a particular standard would be dominant in the industry on a national basis, as a part of its review of a size standard. In case a concern is found to be at or below the size standard is presumed not to be dominant in its field of operation.

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Definition: Not Dominant - Small Business Loan Forms / Application

Start up companies in every industry are always seeking capital to open or expand their company. This is a challenge as many of these entrepreneurs have no prior business experience or credit and have been turned down by typical bank programs. There are also small business programs designed for minority and woman-owned businesses and startups.

When your bank says no - Go find another business bank -

Section 7(a) of the Small Business Act, authorizes the Agency to provide business loans to American small businesses. CDCs work with the SBA and private-sector lenders to provide financing to small businesses.
These programs are designed for start-ups or existing businesses. SBA generally requires that the owner(s) inject 1/5 to 1/3 of the total funds needed to launch a new business. Maturities up to 25 years based on life of assets financed.

Small Business Administration was formed in 1953 as an independent agency of the federal government to help America's entrepreneurs form successful small enterprises. There are SBA program offices (providing small business loan assistance and information) in every state offer financing and training for both small businesses and start up companies.

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SBA Loan Terms / Corporate Finance - Define: Not Dominant - 2004 HJ Ventures International, Inc.