Good News for SBA Loan Programs

There is good news for small businesses and for SBA loan programs. Representative Steve Chabot is the new chairman of the House Small Business Committee. The Small Business Committee oversees the SBA and serves as an advocate for small businesses in Congress.

Chabot has served on the committee for 18 years and has been a strong supporter of most SBA programs. He has previously co-sponsored legislation to simplify the SBA loan process and financial reporting requirements for small companies.

The 504 Loan Program Works for Middle Market Businesses

When you think "small business" do you imagine mom and pop stores with a handful of employees? Think again! Out of the 6 million US businesses with employees, over 98% are defined as a small business. This means that many companies that identify as middle market also qualify as a small business concern and are eligible for Community Business Finance's 504 Loan Program.

How Big is Small Business?

Did you know that out of the 6 million US businesses with employees, over 98% are defined as a small business? In fact, small businesses are responsible for 60% to 80% of all new jobs created in America. Small businesses are so important that the federal government offers the 504 Loan Program designed to help grow small businesses. What exactly, then, defines a small business?

How Big is Small Business? Small Businesses are Bigger than You Imagined

During this recent presidential election, you may have heard that small businesses are the backbone of America. Did you know that small businesses are responsible for 60% to 80% of all new jobs created in America? In fact, out of the 6 million US businesses with employees, over 98% are defined as a small business. Small businesses are so important that the federal government offers guaranteed loan programs designed to help grow small businesses.