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Maine 2024 Small Business Person of the Year, Matt Polstein, New England Outdoor Center
… only see Maine as the place to visit the coast and get a lobster roll, Mainers and fellow New Englanders know that … state also has some of the best outdoor activities just a short drive inland. Matt Polstein certainly knew that and … all of the plans he had put on hold since 2008. With a 7a loan from Katahdin Trust in 2021, New England Outdoor Center … -
Small businesses are the heart of our communities
… our communities February 14, 2018 February 14 celebrates a day of love and commitment. It’s not only Valentine’s Day – … the business in 2015 with the help of an SBA-guaranteed loan that helped them renovate an old warehouse in an … business, and right now demand for the SBA’s signature 7(a) loans is high – lending the first fiscal quarter of this … -
Veteran-Owned Builder Lamont Davis Backed by the SBA Completes a Construction Comeback Story
… Builder Lamont Davis Backed by the SBA Completes a Construction Comeback Story 7(a) lending supported growth, while COVID-relief programs … supported a major comeback Davis utilized the SBA Express Loan program and the SBA Business Line of Credit to fund the … -
Prepare Your Small Business for Winter Weather
… marketing strategies for the winter holidays. It is also a crucial time to make sure you have a plan in place if severe winter weather strikes. Snow, ice, … estimated 25 percent of businesses don’t open again after a major disaster, according to the Institute for Business and … -
SBA Microlending Success Story: Miriam’s Earthen Cookware Bootstrapped and Built in Her Own Backyard
… clay preparation to creation, and then finishing. After a few years of bootstrapping the business, Miriam stayed lean – next building a pottery manufacturing operation on the land she owned … Director of Economic Development and Brenda Bobadilla, Loan Officer at Dorchester Bay Economic Development Corp., … -
NC 15696 - SBA Business Recovery Centers Closed in Honor of National Day of Mourning for President George H. W. Bush
… Circle Elizabethtown, NC 28337 Hours: Monday - Friday, 9 a.m. – 6 p.m. Saturday, 9 a.m. – 1 p.m. Closed: Sundays Carteret County Sound Bank 5039 … on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA … -
The SBA Reaffirms Its Dedication to Growth in the Black-Owned Business Community
… to Growth in the Black-Owned Business Community February 7, 2023 Black entrepreneurs are a pillar of the U.S. economy. This Black History Month, the … financing, the SBA reduces lender risk through its loan programs . SBA-guaranteed loans carry competitive terms … -
SBA’s 2024 Regional Exporters of the Year
… Group was named the 2024 National Exporter of the Year . A specialty manufacturer of contact lenses and glasses, … Region: Diamond Antenna and Microwave Corporation. A Littleton, Massachusetts-based provider of radio frequency … that used Paycheck Protection Program (PPP) assistance and loan forgiveness provided by the SBA. Mid-Atlantic Region: … -
John Martincic Engineers Award-Winning Company
… on his upstart business. The wager paid off. Fulfilling a childhood dream of residing and owning a business in Forest County, the Canonsburg, Pennsylvania … a small section.” Martincic not only used an SBA-backed loan to purchase the building but also the SBA’s COVID-19 … -
Preparing to Pivot a Generational Family Business
… Preparing to Pivot a Generational Family Business When the pandemic hit historic … hit them harder than most, forcing them to close without a strategy or a backup plan. With super thin margins, losing … Grant along with the $150K Economic Injury Disaster Loan, Frank made sure to secure the funding which ended up … -
SBA to Honor America’s Fastest-Growing Entrepreneurial Segment this Women’s History Month
… women-owned businesses in the U.S. Thankfully, we’ve come a long way since then: The number of women-owned firms now … 2012 and 2019, and the opportunity for continued growth is a welcomed trend. This Women’s History Month , the SBA … self-assessments, visit the Ascent website . Funding: SBA loan programs can help women entrepreneurs start and sustain … -
SBA Awards Illinois Entrepreneur as 2018 National Small Business Person of the Year
… awarded this year’s Small Business Person of the Year at a ceremony and reception at the United States Institute of … Center, she applied for and was approved for an SBA-backed 7(a) loan that provided the capital she needed to expand her … -
SBDC Helps Gourmet Cookie Company Out of a Sticky Situation and Into a New and Bigger Production Facility
… SBDC Helps Gourmet Cookie Company Out of a Sticky Situation and Into a New and Bigger Production … securing $1,655,000 in financing, including an SBA backed 7(a) loan for $660,000 through Readycap Lending, LLC, to purchase … -
Tumwater Woodworking Business Utilizes SBA Services to Overcome Obstacles
… Source Woodworking in 2007 after having spent more than a decade working for other businesses seeing how woodworking … treated employees as replaceable while not paying them a livable wage and thought that it could be done differently. … turned to SBA’s Paycheck Protection Program (PPP) loan and Economic Injury Disaster Loan (EIDL) which provided … -
Statement by Administrator Guzman Applauding Biden-Harris Administration’s Whole of Government Approach to Strengthen America’s Supply Chains
… ago today, President Biden signed E.O. 14017 , directing a whole-of-government approach to assessing vulnerabilities … the resilience of, critical supply chains. As a result of that executive order, the SBA sought to work … support for manufacturers: Provided $4.5 billion in loan guarantees to 4,868 small manufacturers in calendar year … -
Florida Small Business Wins SBA’s 2018 Exporter of the Year Award
… by SBA Administrator Linda McMahon on April 30, during a luncheon held at the U.S. Institute of Peace, in … growth. In 2014, SeaDek made international expansion a key component of their strategic plan. Since then, exports … of all exporters are small businesses. The SBA’s export loan programs help American small businesses reach customers … -
Community Navigators in Native Communities
… Americans, particularly in marginalized communities. The 9.7 million American Indian, Alaska Native, and Native Hawaiian … tribal entities to partner with SBA at the center of a hub and spoke network. These hubs then support spoke … 25 spokes. This is an incredible return on investment on a $5 million investment for the taxpayer – one can only … -
5 Ways to Kickstart Your Small Business This National Entrepreneurship Month
… their dreams of business ownership and turned them into a reality -- strengthening communities and America’s economy. … Conduct market research. If you have an idea for a business but aren’t sure if it is feasible, doing your due … through bootstrapping, crowdfunding or a small business loan. SBA will work with you to prepare for the loan … -
Closing the Door on a Dream Opens the Doors to Many More in Oregon
… Closing the Door on a Dream Opens the Doors to Many More in Oregon In 2002, Cecil DelaCruz was one of a handful of engineers and technicians tasked to oversee the … of the Paycheck Protection Program (PPP), an SBA-backed loan that helps businesses keep their workforce employed …