Bob McDonnell is a self-professed Pinot Grigio and White Zinfandel drinker. He’s also the new Republican governor of Virginia and is taking aim at the commonwealth’s oppressive and inefficient state-owned liquor monopoly. More than a dozen states still completely control the sales and distribution of all distilled spirits. The result? Higher payrolls for state governments (state-workers are public-sector employees after all) and rotten selection and service for customers (state-sanctioned monopolies tend to diminish the shopping experience). Despite a reputation as a social conservative, McDonnell thinks that state-run liquor stores are a bad idea from both pragmatic and philosophical perspectives. Given budget crises, says McDonnell, “we can’t just do things the same old way…. Certainly there’s nothing I gleaned from the [Virginia] constitution that would have me think it’s better or required to have the government controlling distilled spirits.” States such as West Virginia and Iowa have gained millions of dollars in new tax and license revenues by privatizing liquor sales, says Reason Foundation policy analyst Len Gilroy. And they’ve also cut government expenditures by millions of dollars as well. Will Virginia join them? McDonnell invited Reason.tv to come back in a year and check in with him. Sure thing, Mr. Governor. We’ll bring the questions. You can bring the White Zinfandel. Approximately 4.30 minutes. Written and produced by Meredith Bragg and Nick Gillespie …

While the primary focus of our discussions has been regarding the 7a SBA Loan, there are a number of other types of loans that are guaranteed by the Small Business Administration. These include the SBA 504 loan program, the Microloan program (which has some overlapping features with the SBA 7a loan), and the disaster assistance loan program.

The foremost guarantee program besides the 7a is the SBA 504 program, which is also known as the CDC loan (”Certified Development Companies). This highly specialized lending program is specific for providing long term and fixed rate financing to acquire large assets such as real estate or equipment. It is specifically designed for traditional businesses that operate “brick and mortar” type facilities. For instance, this type of loan would be most appropriate for a small scale manufacturer that needs a large fixed rate loan to purchase a new piece of manufacturing machinery. If this is the primary need of your financing then you may want to look at this program as an alterative to the 7a SBA loan. The maximum loan amount via the SBA 504 program is $1.5 million or $2 million if the business conducts business with the federal government or a state government.

The Microloan programs provided by the SBA provide financing for businesses that need less than $35,000. These loans are primarily used for ongoing inventory purposes, cash flow management purposes, or inventory acquisition purchases. This is also one of the small business lending programs that is available to not for profit foundations (although they can only be used for purposes the benefit the community).

Finally, there is the disaster assistance loan program. Unlike other aspects of SBA programs, this loan can be used by individuals. However, this is not a frequently used program as it is specific only to when major disasters occur.

As we have stated before, the SBA provides a tremendous amount of flexibility when seeking business financing. Despite the fact that this site is dedicated primarily to the 7a SBA loan, there may be a number of other financing options that would be well suited for you needs.

7aSBALoan.com is a specialty website that provides content that focuses on the needs of small business owners and people seeking SBA 7a Loans. We encourage you to visit our website if you are looking for a

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