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https://www.sba.gov/article/2018/may/03/sba-awards-illinois-entrepreneur-2018-national-small-business-person-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 …
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SBDC Helps Gourmet Cookie Company Out of a Sticky Situation and Into a New and Bigger Production Facility
https://www.sba.gov/success-story/sbdc-helps-gourmet-cookie-company-out-sticky-situation-and-new-and-bigger-production… 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
https://www.sba.gov/success-story/tumwater-woodworking-business-utilizes-sba-services-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
https://www.sba.gov/article/2022/feb/24/statement-administrator-guzman-applauding-biden-harris-administrations-whole-government-approach… 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
https://www.sba.gov/article/2018/apr/19/florida-small-business-wins-sbas-2018-exporter-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
https://www.sba.gov/blog/community-navigators-native-communities -
5 Ways to Kickstart Your Small Business This National Entrepreneurship Month
https://www.sba.gov/blog/5-ways-kickstart-your-small-business-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
https://www.sba.gov/success-story/closing-door-dream-opens-doors-many-more-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 … -
SBA Honors 2019 Phoenix Award Champions for Outstanding Disaster Recovery Efforts
https://www.sba.gov/article/2020/feb/06/sba-honors-2019-phoenix-award-champions-outstanding-disaster-recovery-efforts… Award winners for their resilience in the aftermath of a disaster. Since 1998, the SBA has presented Phoenix Awards … selflessness, ingenuity and tenacity in the aftermath of a disaster, while contributing to the rebuilding of their … clean-up. Stephanie received an SBA disaster loan for $197,000 to cover working capital needs and repair … -
The Right Way to Think About Credit Lines for Business
https://www.sba.gov/blog/right-way-think-about-credit-lines-business… Lines for Business December 20, 2016 Access to cash via a line of credit is an important safety net for a small business. Although there are various types of credit … new equipment compared to applying for a business loan. Rule 3: Practice Self-Discipline Stay on top of your … -
Air Force Veteran on a mission to revolutionize how art is displayed
https://www.sba.gov/success-story/air-force-veteran-mission-revolutionize-how-art-displayed… Air Force Veteran on a mission to revolutionize how art is displayed Successful … annual growth in the early 2000’s, Maida bought a larger 7,500 square foot warehouse in 2012 with a SBA 7(a) loan through INTRUST Bank . When his lease contract at the … -
Write an Executive Summary
https://www.sba.gov/blog/write-executive-summary… Executive Summary July 25, 2017 Most business owners have a general idea of the executive summary that comes with the … an MBA from Stanford, has been married 46 years, and is a father of 5. Find him on Twitter as @Timberry, and blogging … For a summary going to a bank, related to a commercial loan, you probably want to add a financial summary including … -
How to Develop and Use a Good Executive Summary
https://www.sba.gov/blog/how-develop-use-good-executive-summary… How to Develop and Use a Good Executive Summary July 6, 2017 Most business owners have a general idea of the executive summary that comes with the … For a summary going to a bank, related to a commercial loan, you probably want to add a financial summary including … -
SBA Administrator Guzman Awards Minnesota’s Abdirahman Kahin of the Afro Deli & Grill as the 2023 National Small Business Person of the Year
https://www.sba.gov/article/2023/05/01/sba-administrator-guzman-awards-minnesotas-abdirahman-kahin-afro-deli-grill-2023-national-small… the strength of our Nation’s entrepreneurial spirit — a spirit of problem-solving, ingenuity, and pure grit. This … its inception, Afro Deli & Grill has utilized numerous SBA loan programs, including the 7(a) Express Loan and SBA pandemic relief. Kahin is a … -
SBA Administrator Guzman Announces 2022 National Small Business Week Small Business Person of the Year
https://www.sba.gov/article/2022/may/05/sba-administrator-guzman-announces-2022-national-small-business-week-small-business-person-year… National Small Business Week (NSBW), themed “Building a Better America Through Entrepreneurship,” acknowledged … the state. In 2016, with the help of an SBA 504 loan, BFLS moved to their 7,300 square-foot home in Winfield, WV. In 2021, BFLS opened … -
Writing YOUR success story
https://www.sba.gov/blog/writing-your-success-story… Writing YOUR success story April 21, 2017 Once upon a time…. It’s the classic opening to our favorite fairy … from 2017 to 2019. Read more about Linda McMahon Once upon a time…. It’s the classic opening to our favorite fairy … with other sources of financing. While the SBA doesn't loan money directly to small business owners, it helps … -
2022 Rhode Island Small Business Person of the Year
https://www.sba.gov/success-story/2022-rhode-island-small-business-person-year… Person of the Year “Have you ever wished, just for a moment, you could live inside an adventure movie? Want to … the mystery, save the world, and hopefully, walk away a champion,” its website claims. The Riddle Room brand was … its growth. When the pandemic hit in 2020, the SBA’s loan programs also helped The Riddle Room by allowing it to … -
Fanestil Meats Accelerates Growth, Promoting 'Made in Kansas'
https://www.sba.gov/success-story/fanestil-meats-accelerates-growth-promoting-made-kansas… 'Made in Kansas' It’s not often that you hear about a thriving manufacturer that continues to grow in its 80th … of the new facility in October 2021 after obtaining SBA 7(a) and 504 loan financing. Dan Smoots complimented the assistance … -
SCORE Mentor Provides Courage and Confidence to First-time Business Owners
https://www.sba.gov/success-story/score-mentor-provides-courage-confidence-first-time-business-owners… Business Owners Peter Varkonyi and Lauren Stevens built a bond over local produce, and developed a business plan to bring fresh, local ingredients to their … and Lauren utilized the SBA Paycheck Protection Program loan to retain their employees and keep providing sustenance … -
From Book Club to Supergroup
https://www.sba.gov/success-story/book-club-supergroup… From Book Club to Supergroup It’s like a supergroup of advocates. Brian Hsiang has an experiential education background, Ita Meno-Baker was a housing inspector, Dr. Sherwood Smith was part of the … New England, New York, and Virginia, trained more than 7,500 people, and facilitated more than 500 workshops. …