The Purpose Of The Federal Small Business Program

Title I and Title V of the Americans with Disabilities Act 1990. This is also administered by the EEOC to aid small businesses. This law makes it illegal to discriminate against a

There is a reason the term “small business” is vague; it reflects the lack of a generally accepted definition. The U.S. Small Business Administration (SBA) has established numerical definitions of small businesses. These size standards vary to reflect industry

In the late 1800’s is when small business values and beliefs would be tested with the growth of railroads, telegraphs. Machinery, steam engines, and the rapid population growth. People from the time currency was created to this day are power and money hungry. They want to capitalize, become larger, bigger without regard or worry. This took a hit to small business across our fairly new nation. If you look at the history of U.S. business then you can figure out that every business started small. Example would be Pittsburgh’s Carnegie Steel Company, now known as U.S. Steel. Now the largest steel producing corporation in the United States of America. (Conte, 2008)

The land of capitalism where business comes to thrive because when businesses can make or break the economic the government revolve around it. In fact, 6 percent of companies in America makes about 50 percent of American profit, this shows how much power comes with having and building a business America. In the early 2000s before the recession started, black-owned small businesses established 8.2 percent of all loan money from the Small Business Administration (SBA). That number is now depressed to 1.7 percent, per an analysis by the Wall Street Journal. The total volume of loans they are at this time getting is similarly low: 2.3 percent of the roughly 54,000 doled out through the agency, down from 11 percent in 2008. “(Covert, Bryce. Black Small Business Owners Get Left Out Of Loans)”

The United States government recently demonstrated and reaffirmed its commitment and endeavors of ensuring that minority-owned and small businesses have greater access to contracting opportunities from the federal government. This commitment was demonstrated by the Obama administration through the announcement of a government-wide strategy by Commerce Secretary, Gary Locke and Karen Mills, Small Business Administrator. The plan includes federal agency procurement officials participating in over 200 events within three months to provide information regarding the federal contracting opportunities. These officials will also share information of contracting opportunities that are available within the American Recovery and Reinvestment Act. As part of these plans, small business owners can find the information regarding the available contracting opportunities at FedBizOpps website.

The SBA is a government agency in the United States that provide support to small businesses and entrepreneurs. According to the small business administration there mission is “to maintain and strengthen the nation 's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters.”

In today’s global market place economic stability may be challenging, especially for small business. As a resource there is assistance available through extensive networking and partnerships with both public and private organizations. SBA will assist, counsel, aid and protect small business in the United States, Puerto Rico, the U.S Virgin Islands and Guam with their concerns and interest. Therefore, the SBA aids Americans as they start, build and grow their business.

Are you in need of some business financing to start or grow your business? If you are looking for government small business loans, then you need to know what you are getting yourself into. You also need to know that there are many other options for raising business capital that can help you get what you need for your business. Here is what government small business loans are and what your other options are.

Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. SBA provides assistances primarily through its four programmatic functions (United States, Department of Small Business Administration, n.d.):

To help facilitate the growth of small businesses Federal Government procurement requires their Contracting Officers to comply with applicable socioeconomic laws and regulations that do not apply to commercial contracting. The socioeconomic goals set forth by these laws, which pertain only to federal contracting and are integrated into the FAR, ensure there is constant economic growth for the U.S economy as well. These goals consist of making awards to what is considered, set-aside programs, and includes small businesses participating in the 8(a) Business Development Program, Historically Underutilized Business Zones (HUBZone) Program, Service-Disabled Veteran-Owned Small Business (SDVOSB) Program, or the Women-Owned

As a Small Business Development Specialist in Ward 8, I understand the importance of small businesses and entrepreneurs in developing a successful and self-sustaining community. Furthermore, I understand that when communities become stagnant and opportunities limited, it is important that those communities see investment from outside forces to initiate change and restore hope and optimism. Accordingly, when I learned that the Mayor had secured a commitment to bring the Wizards and Mystics practice facility and a new arena to serve as home court for the mystics to Congress Heights, I was excited. I saw this investment from the city as a commitment to bringing opportunity to our community and a catalyst to bringing new life to our community by activating the long dormant St Elizabeths east campus. A campus, who’s gates and inactivity create a void in the fabric of our community.

In the United States, the criteria for small business based on industry, ownership, income and employee numbers (which in some cases it is up to 1500, although standard is 500) are set by Small Business Administration.

The subjects for the current study will consist of U.S. small business owners selected using multiple sampling frames. Although multiple sampling frames hamper generalization to the population, it allows for convenience and is suitable for difficult and rare populations (). Subjects in the study must fit the definition of small business owner, one who establishes an independently owned and operated business for profit in the United States and has less than 500 employees.

Because we are beginning a new franchise, we discovered that lenders would want the loan backed by collateral or guaranteed by an agency such as the Small Business Administration. Thus, we decided that we would pursue a SBA loan since the SBA is a government entity and we would be more likely able to receive a loan.

Small businesses in the United States are significant drivers of economic growth, job creation, wealth, and the embodiment of the “American Dream” (Chow & Dunkelberg, 2011; Valadez, 2012). In 2013, The Small Business Administration estimated there were “28.8 million small businesses that accounted for 99.7 percent of U.S. employer firms, 33.6% of known export value ($471 billion out of $930 billion), 33.6% of known export value ($471 billion out of $930 billion), 48.0% of private-sector employees (57 million out of 118 million employees), and 41.2% of private-sector payroll” (The U.S. Small Business Administration, 2016). These staggering numbers show the