We are continuing our celebration of National Women's Small Business Month by demonstrating how the 504 Loan Program provides the critical funding that women-owned businesses need to establish or expand their companies and improve their communities.
October is National Women's Small Business Month, and Community Business Finance recognizes the entrepreneurial women whose talents help sustain our nation's economy. As of January 2018, there are an estimated 12.3 million women-owned businesses in the United States that employ 9.2 million people and generate more than $1.8 trillion in revenues, according to the "2018 State of Women-Owned Businesses Report" commissioned by American Express.
August 4th was Startup Day Across America, when we celebrate entrepreneurs and connect them with elected officials to discuss the challenges that new companies face. Entrepreneurs are crucial to both local and national economic growth. For over 30 years, startups have created an average of 1.5 million jobs per year, and Texas ranks fifth highest on the Kauffman Index of Growth Entrepreneurship.
The celebration continues for Community Business Finance's 10th anniversary. As our mission is to promote job creation in our communities by providing the best available financing terms to the businesses we serve, we are dedicated to lender and borrower education. Therefore, our website features easier and faster access to the information you need about our 504 Loan Program.
Community Business Finance is committed to providing business loans for business dreams. It is our mission to promote job creation in our communities by providing the best available financing terms to the businesses we serve. Therefore, we are excited to announce the launch of our new website! We have added new features that provide easier and faster access to the information you need about our 504 Loan Program.