SBA Announces 2015 National Small Business Week [News] | SBA 504 Loan Rates From Liberty SBF | March 16, 2015

March 16, 2015

National Small Business Week is set for May 4-8 this year according to the SBA and on her Twitter account Maria Contreras-Sweet announced that she will be visiting Miami, Los Angeles, San Antonio, New York and Washington D.C. to highlight America’s entrepreneurs. National Small Business Week was created in 1963 to recognize the contribution of America’s entrepreneurs and small business owners. The hashtag used for the event on Twitter is #SBW2015.

Coleman Report published some quick and interesting demographics about small business ownership. They reported that 11% of all males are self-employed, 11% of all veterans, 7% of all females and 7% of all minorities. More men than women own their own businesses with the split being 63% male and 37% female. It also found that in the first quarter of 2014, 382,000 new small businesses launched and 364,000 closed down. For more stats like these, click here.

A study by Biz2Credit showed that the gap in approval rates for business loans to men and women was narrowing. The report said that the approval rate on loans for women-owned businesses was at 15.3% last year and the same rate for men was 21.5%. In 2013 that rate was 11.7% and 18.8% for women and men respectively. The gap narrowed by 29%. Women-owned businesses were also experiencing better revenues and were worth more, according to a report on CNBC’s website.

The SBA recently signed a 2-year Strategic Alliance Memorandum (SAM) with the North Carolina Veteran’s Business Association (NCVetBiz) that will help boost small business development among veterans in the state, according to an article in Stanly News and Press. The SBA already has a Veteran’s Business Outreach Center and special financing and government contracting programs in the state. With over 84,000 veteran owned businesses the SBA wants to expand its presence helping those who served.

In an opinion piece published in the New Hampshire Union Leader, Seth A. Goodall, the New England regional administrator for the U.S. Small Business Administration, said that he’d like to see American entrepreneurs reach more foreign markets for their goods and services. Most only export to one foreign market and those are generally either Canada or Mexico. He said that new trade agreements would help small business exporters, who have fewer resources at their disposal to overcome trade barriers and gain market access that larger companies already have.

8 Plus 1 Things You Need To Know Right Now (That’s 9):

• HomeStreet Bank expands SBA lending in California

• BankUnited to Buy Certus’ Small Business Finance Unit

• SBA leader visits women’s development group

• Helping small business lenders up their game

• Small business event calendar

• 10 ideas for small business marketing on a shoestring budget

• Know your numbers: Profit and Loss statements explained

• 3 key questions small business owners must answer, or risk failure

• The good and bad of using a credit card to fund a small business