Conventional knowledge means that small businesses are modern engines of Schumpetarian growth. In the meantime, U.S. residents can apply for government loans for business, agriculture, schooling, housing, catastrophe aid and veteran help. The Program for Investment in Micro-Entrepreneurs (PRIME) provides grants to help low-revenue entrepreneurs gain financial backing to establish and develop their small businesses. Loans of as much as $350,000 receive a 90 p.c SBA assure, and loans over that amount receive a 75 percent SBA assure. On April 25, 2014, the Small Business Administration (SBA) published in the Federal Register an interim final rule amending its catastrophe mortgage …