Starting off 2023, we are energized to recognize and celebrate small business owners as American Dream architects.
SBA programs provide a timely compass for making those dreams a reality and helping our U.S. small businesses navigate today’s unique opportunities and challenges. In 2022 the extensive SBDC network supported more than 300,000 unique clients through a national network of over 900 Small Business Development Centers (SBDCs). SBDCs provide guidance, expertise, and technical assistance to entrepreneurs as they acquire capital and realize their potential in leveraging financial resources, advancing workforce development, expanding, and/or scaling.
Recently, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced that our Agency reached nearly $43 billion in funding to small businesses. Thus, providing more than 62,000 traditional loans through its 7(a) program, 504 program, and Microloan lending partners, and over 1,200 investments through SBA-licensed Small Business Investment Companies (SBICs) for Fiscal Year (FY) 2022.
The SBDC network catalyzed over $8.4 billion in capital access to help our U.S. small business owners persist and advance.
As entrepreneurs seek more opportunities to start to grow and build resilient businesses, they can benefit from the services of SBDCs. You can find your closest SBDC at sba.gov.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the Federal Government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.