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Guaranteed by the US government, Small Business Administration (SBA) loans help lower the barrier of entry for entrepreneurs-giving start-ups a better.
However, experts say the benefit is unlikely to take off until it becomes tax-advantaged for businesses to implement them for their own employees. A bill in Congress called the Employer Participation.
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Rich said the Southeast Texas Economic Development Foundation has given loans to businesses like Tyler-based Jim's Jewelers, a day-care.
The Herald earlier revealed the details of the scheme which began with Ross, an experienced and successful developer, in 2008.
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