U.S. Small Business Administration Celebrates 65th Anniversary

Monday, July 30th, marked 65 years that the U.S. Small Business Administration (SBA) has been in service for millions of entrepreneurs and small businesses. Founded on July 30, 1953, the SBA has provided small businesses “with access to funding, mentoring, counseling, and when disaster strikes, support to recover and get back to business,” their press release states.

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SBA Announces Joint Initiative with United Technologies Corporation

The U.S. Small Business Administration (SBA) released a statement by Administrator Linda McMahon about their new strategic joint initiative with United Technologies Corporation (UTC), a Connecticut-based company. UTC announced that it plans to hire 35,000 new employees, invest $15 billion in the United States over the next five years, and spend $75 billion for its U.S. suppliers, with $19 billion going to small businesses.

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SBA Grant Helps Houston Create 300 Small Businesses

The University of Houston has received a $2.3 million continuation grant from the U.S. Small Business Administration (SBA) to help them create 300 new small businesses in Houston, Texas. The recipients of the award—Bauer College’s Small Business Development Center—services around 10,000 businesses a year in 32 counties along the Gulf Coast.

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Free SBA HUBZone Webinars for Small Businesses

From February to mid-March, the U.S. Small Business Administration will offer small businesses a free six-part, webinar series to help them utilize its Historically Underutilized Business (HUB) Zone Program. Each webinar will include an hour of important tips on how businesses can grow their bottom line by making the most of their available resources.

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Post-Crisis Small Business Bank Lending at a Slow Crawl

A recent report from the U.S. Small Business Administration (SBA)’s Office of Advocacy assesses changes in bank lending to small businesses in comparison to levels during the financial crisis. Following a review of banks of varying sizes and financial health, findings reveal a slow recovery in the small business loan market and a more pronounced growth in the total business loan market.

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