We're celebrating small
business.
Welcome to our annual celebration of America's entrepreneurial
spirit.
As part of National Small Business Week 2008--an annual event that
recognizes the big role the more than 25 million small companies play in
the U.S. economy--we are bringing you the stories of 10 successful
entrepreneurs.
Read about corporate executives who shucked their jobs to strike
out on their own, a former broadcast journalist who developed an idea
for a startup based on her father's struggles, a successful
investment banker who quit that career to get back to his passion, and
other inspirational stories of people running their own companies.
These entrepreneurs have something else in common. In following
their dreams, they got help along the way from the U.S. Small Business
Administration and its re source partners.
Established in 1953, the SBA remains true to its mission--to
"aid, counsel, assist and protect, insofar as is possible, the
interests of small business concerns."
The SBA helps finance startups and existing small businesses, and
it offers technical and contracting assistance.
SBA loan programs range from microloans and export-capital loans to
financing for construction. The SBA also supports research grants.
A 2007 study by the Urban Institute found that SBA lending programs
"are more effective than conventional lenders in reaching
minorities, women and startups."
In fiscal 2007, the SBA's loan portfolio grew to $85 billion.
SBA resource partners, including SCORE and its cadre of volunteers,
Small Business Development Centers and Women's Busi ness Centers,
helped 1.1 million small businesses and entrepreneurs in fiscal 2007.
A key initiative going forward under SBA Administrator Steven
Preston is to increase delivery of SBA programs to underserved
communities to help stimulate economic development.
The SBA also provides assistance to victims of disasters and funded
almost $1.7 billion in disaster loans in its last fiscal year.
As part of National Small Business Week, the SBA will honor top
entrepreneurs, lenders and counselors who work with them, and those who
support small-business programs at events in Washington.
To learn more about National Small Business Week and read about how
the SBA helps entrepreneurs like the ones profiled in this section,
visit the SBA's Web site, www.sba.gov.
ONLINE INFO
The SBA and its partners offer a host of information online for
anyone thinking about starting or expanding a business:
SMALL BUSINESS ADMINISTRATION
www.sba.gov
Find resources for planning, managing, financing and expanding a
business as well as links to local experts. There are free online
courses, weboasts, podeasts and more.
SCORE
www.score.org
"Counselors to America's Small Business" offers free
and confidential advice and has 1,200 e-mail counselors who answer
questions online.
OFFICE OF WOMEN'S BUSINESS OWNERSHIP
www.onlinewbc.gov
An SBA program offering training and programs to promote growth of
women-owned businesses.
SMALL BUSINESS DEVELOPMENT CENTERS
www.sba.gov/sbdc
SBDCs offer counseling, training and assistance to current and
prospective small-business owners through a collaboration of the private
sector, schools and governments.
COPYRIGHT 2008 Curtis Magazine Group,
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Copyright 2008 Gale, Cengage Learning. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.