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America’s 28 million small businesses are the backbone of our economy, creating two out of every three net new private sector jobs, and we all have a role in helping small businesses succeed.
Veterans are at least 45 percent more likely to take the plunge into entrepreneurship than people with no active-duty military experience, according to a May 2011 study from the SBA Office of Advocacy.
In today’s global economy, selling goods around the world can bring large rewards.
For two years in a row the U.S. Small Business Administration (SBA) has helped to put more than $30 billion into the hands of small business owners across the country.
One of the Small Business Administration’s top priorities is to provide access and opportunity to small business owners in traditionally underserved communities. Nationwide, SBA has supported $13.5 billion in lending to underserved small businesses since 2009. And, SBA has supported $100.3 billion in federal government contracting dollars to small disadvantaged firms since 2009.
Each year, 250,000 service members make the transition from military service to civilian life. Veterans over-index in entrepreneurship. In fact, nine percent of all U.S. firms are owned by veterans. More than 2.4 million veteran-owned businesses employ more than 5.8 million individuals. About one quarter of veterans say they are interested in starting or buying their own business. So, we know that providing greater access and opportunity to these veteran-owned small businesses will help them grow and create jobs.
Can you imagine your small business providing that key product or service to the Department of Navy, the Environmental Protection Agency or the Department of Agriculture?
Every January, Americans look ahead with the desire to start the New Year with fresh ideas and hopes to improve. The U.S. Small Business Administration is doing the same thing – regularly meeting with lenders and resources partners to get feedback on ways to improve our loan programs and services. And, this past year the SBA engaged more than 150 community lenders in all 50 states to provide comments on ways that the SBA’s CAPLines Program could work more effectively for both SBA lenders and small businesses, as this program has been underutilized.
The U. S. Small Business Administration (SBA) is committed to providing access and opportunity to Americans who are – or who want to become – small business owners. For a variety of reasons, some communities are underserved when it comes to getting the tools they need to grow a business and create jobs. We want to change that.
Could yours be the perfect invention to aid U.S. combat soldiers in Afganistan? Have you created a vaccine that could possibly rid the world of one of its deadly diseases? Do you think that you could possibly be the next Bill Gates? Perhaps your ideas or inventions are not as grand as these, and you need a little assistance with funding your idea and making your dream a reality. The federal government may be able to help you.
The U.S. Small Business Administration’s popular 7(a) Loan Guaranty Program guarantees loans of up to $5 million. Many small businesses in Renton, however, need much… Continue reading
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The Small Business Jobs Act, signed by President Obama in September, will provide critical resources to help small businesses continue to drive economic recovery and… Continue reading
Starting and managing a business takes motivation, desire and talent. It also takes research and planning.Like a chess game, success in small business starts with… Continue reading