• Middle Market Businesses and the 504 Loan Program

    Many Americans imagine a small business to be a mom and pop store with a handful of employees. It might surprise you to know that over 98% of the 6 million US businesses with employees are defined as a small business. While the government has strict sizing rules that define a small business, a company generally qualifies as a small business concern if it has less than $15,000,000 in net worth and made less than $5,000,000 in net profit per year, averaged over the last two years.

    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.