SBA has provided sufficient tools that allow Business owners and entrepreneurs to foray in business and ride through difficult economic times. The agency supported $80 billion in loans that went to 150,000 businesses. The SBA has re-inducted 1000 community banks back to SBA lending.
SBA has constantly performed and stepped up outreach to underserved communities. The agency has worked to improve services and programs for businesses in all underserved communities. Among its latest initiative is a partnership with ‘U.S. Black Chamber, Inc’ to further support underserved communities that have been hit by recession. The partnership is going to trigger African American Small Business participation in programs of the SBA.
Across administration, SBA is committed to build strong communities and create an economy that is meant to last. A recent ‘African-American Women’s Forum’ held at White House has highlighted SBA’s efforts to create opportunities for small business organizations. So far, eight ‘White House Economic Forums’ have been held to connect small business owners and entrepreneurs with requisite resources and networks.
President Obama did a lot to support the small business cause. The SBA and U.S. Black Chamber, Inc. partnership is yet another milestone. It will foster an economic growth that will be resilient, robust and bring in new opportunities for communities.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to firstname.lastname@example.org