Small Business Administration Archives

The Best Funding Options for Minority Entrepreneurs

Getting funded can be a challenge for any investor. But for minority entrepreneurs, finding and securing capital can often require going the extra mile. Some entrepreneurs have found success in finding an investor who believes in...

byEric Goldschein

July 17, 2023

Don’t Miss These SBA Virtual Workshops for National Small Business Week 2023

The U.S. Small Business Administration's National Small Business Week two-day virtual summit is happening Tuesday and Wednesday. This year’s event will include educational presentations by experts, an exhibit hall, networking, and a mentoring lounge where...

byStartupNation

May 1, 2023

6 Mentoring Resources for Women Small Business Owners

For female founders who face unique challenges (especially when trying to break into male-dominated industries), having a mentor could be the missing piece of the entrepreneurial success puzzle. Navigating the roadblocks to business success becomes...

byEric Goldschein

March 31, 2023

How to Find and Apply for Minority Business Loans

Many minorities are starting businesses, have been running one for a while, or are well-established in their industry. Despite their qualifications and eagerness to be part of a growing economy, however, there are some obstacles...

byNav

February 13, 2023

Through Mentoring, Angel Investors Offer More Than Just Money

Captaining a new enterprise is like constructing a parachute after you’ve been thrown out of a plane: It’s difficult, it’s dangerous, you’re pressed for time and a wrong decision can be fatal. When faced with...

byRebecca Wessell

June 17, 2022

The Importance of a Having a Business Mentor When Starting Up

As an entrepreneur, you have a fierce independent streak. It’s how you got your business off the ground in the first place. However, there will come a time where you hit a wall when it...

byParker Davis

April 26, 2022

Top Small Business Grants for Women and Minorities

For an updated list of grant programs for women and minorities available in 2021, please click here. Funding a small business can be quite the undertaking, whether you’re starting a new venture for the first...

byMeredith Wood

November 28, 2021

A Step-By-Step Guide to Writing a Killer Business Plan

A business plan is as important to a new business as a map is to a ship, or blueprints are to an architect. A written business plan will guide your actions and keep you focused...

byMeredith Wood

October 5, 2021

Why You Need a Business Mentor (and Where You Can Find One)

Mattie Mae Larson has a growing business in Hawaii turning trash into treasure. Her company, Upcycle Hawaii, creates wallets, zipper pouches, bookmarks, beach totes and a plethora of other products. All of Upcycle Hawaii’s items...

byGerri Detweiler

August 3, 2021

WJR Business Beat with Jeff Sloan: Second Round of PPP Funding Still Available (Episode 180)

The Small Business Administration's second round of Paycheck Protection Program (PPP) funding is open through March 31, 2021, and President Biden just announced a series of program enhancements to ensure that underserved small companies hardest...

byStartupNation

February 24, 2021

Are Business Loans More Affordable Now Due to the Pandemic?

The COVID-19 pandemic has devastated the global economy in a number of ways. Unemployment is up, the stock market is down, and small businesses are struggling to make ends meet. While Congress approved some financial...

byEric Goldschein

September 21, 2020

WJR Business Beat with Jeff Sloan: SBA Procurement Program for Women-Owned Businesses (Episode 88)

On this morning's WJR Business Beat, Jeff shares recent Small Business Administration (SBA) news announcing a certification program that helps ensure that women-owned businesses are competing on a more level playing field with other companies...

byStartupNation

July 20, 2020

WJR Business Beat with Jeff Sloan: SBA EIDL Lending Program (Episode 83)

Today on the WJR Business Beat, Jeff reports on the EIDL program. The U.S. Small Business Administration announced the conclusion of the first component of the program, which provided U.S. small businesses, nonprofits and agricultural businesses...

byStartupNation

July 13, 2020

5 Tips for Keeping Your Business Credit Strong During Turbulent Times

No one knows how long it will take small and independent businesses to recover from the COVID crisis; at this point there is no timeline that allows for serious planning. But what is clear is...

byGerri Detweiler

June 3, 2020

COVID-19 Small Business Relief Funds Exhausted

You may have heard that the Small Business Administration (SBA) has run out of money to fund the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. In other words, at least...

byNav

April 16, 2020

Do You Qualify for the $367 Billion in SBA Loans for COVID-19?

This article was updated on March 27, 2020, with the current state of the SBA Disaster Assistance in response to the coronavirus (COVID-19), what’s included within the $2 trillion aid package, when we can expect...

byNav

March 16, 2020

5 Realistic Ways to Fund Your New Business Venture

Most small business owners run into cash flow issues at some point in their entrepreneurial journey. It's a valid source of concern. Cash flow and lack of funding are primary reasons small businesses fail. And...

byJanet Ashforth

January 27, 2020

Spending Freedom: The Truth About Small Business Financing

It’s hard to qualify for a traditional small business loan through a bank, and it’s even more difficult to get funding through a Small Business Administration (SBA) loan. If you do make it through the 60- to...

byRapid Finance

October 22, 2019

Get Cash Fast: The Truth About Small Business Financing

The process of getting a traditional bank loan for your small business is frustrating. It’s nearly impossible to get a banker’s attention if you have questions. You are expected to fill out a long, complex...

byRapid Finance

October 8, 2019

7 Ways to Find a Mentor (and Why Having One is Vital to Your Startup’s Success)

When you start a new business, you’re going to want to find a good mentor. Mentors are as close to a business success hack that exists: they can provide validation, encouragement, networking opportunities, perspective, industry-specific...

byMeredith Wood

February 28, 2019