What is the Small Business Administration?

Small Businesses are the backbone of the U.S. Economy. Approximately 99.7% of employers in the U.S. are considered small businesses, or businesses that employ less than 500 people. Because small businesses make up such a significant portion of the U.S. economy, the government created an organization to help their growth. In 1953, The U.S. government […]

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Banks Cut Back on Small Business Loans

Sadly, the days of driving to your local bank for a business loan are long gone. Over the past two decades, small business loans have fallen from about half to under 30 percent of total bank loans. Community banks have been eaten up by the big banks and focus on other forms of lending in the […]

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