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We're celebrating small business.

Indiana Business Magazine • April, 2008 • FROM BEGINNERS TO BIGSHOTS

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, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
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.


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