By Seth A. Goodall
U.S. Small Business Administration
New England Regional Administrator
This is the season of New Year’s Resolutions. Whether it’s deciding to join a gym or cut back on sweets, chances are
you’re making some resolutions for 2014.
This year though, think outside the box. As the New England Regional Administrator for the U.S. Small Business
Administration, I encourage you to ask yourself: do you have a great idea for a product or service? Have you always
wanted to start a business?
Small businesses create two out of every three net new private sector jobs, and half of working Americans either own
or work for a small business.
Wouldn’t it be great if you were one of them?
2014 is a great time to start.
As you come up with a plan, you’re not alone. You might not be sure how to begin or take your business to the next
level. That’s where the SBA comes in. We provide so many resources to help you, and you can start by going to
www.sba.gov to learn about everything we have to offer.
On our website you’ll learn about our core programs, or what we like to call our 3 Cs.
The first C is counseling. We know that business counseling helps small businesses succeed, which is why SBA has
a strong counseling and training network to help small business owners and entrepreneurs gain access to these
resources. I encourage you as you think about starting or growing your business to drop by one of our 68 SBA district
offices, 63 Small Business Development Centers (SBDCs) with over 900 outreach locations, more than 100 Women’s
Business Centers, and 12,000 SCORE volunteers in over 800 locations.
The second C is contracting. At SBA, we connect small businesses with the federal government’s supply chain. This
program provides small businesses roughly $90 billion a year in federal contracting opportunities. Your small business
could be one of them.
The third C is capital. At SBA we want to make sure that every entrepreneur or small business owner who wants to start
or grow their business can achieve their dreams. Since President Obama took office, SBA has supported more than $126
billion in lending to more than 260,000 small businesses and entrepreneurs and in fiscal year 2013 SBA supported $29
billion in loans nationally and $1.3 billion in New England. And for the current fiscal year, we have set fees on
SBA-supported loans for $150,000 and under to zero. This makes loans cheaper for the borrower—another way SBA is
helping to serve small business owners as they look for ways to access capital.
That’s just some of what SBA has to offer our nation’s entrepreneurs.
The American tradition of entrepreneurship has helped grow our country for the long term, creating jobs and strengthening
the economy. Let’s keep that tradition going.
This new year is a great time to start a new business—and SBA is here to help.
Seth Goodall is the SBA’s Regional Administrator for the New England States. An entrepreneur, public servant and attorney,
he has a long history of working with and on behalf of small businesses in New England.