SBA Reminder: National Women’s Small Business Month
The face of entrepreneurship is changing in America. Women-owned small businesses are one of the fastest growing sectors of our economy. Yet, they still face too many challenges. And, that’s why the U.S. Small Business Administration (SBA) pays special attention with resources to help with obtaining access to capital, knowledge about business basics, and financial education. We stand alongside women entrepreneurs, to knock down small business obstacles and fulfill the dreams of business ownership.
At SBA, we know business success can be achieved with the right tools. In Region 10, we have reasons to celebrate Women’s Small Business Month with our many success stories. For example, when experiencing increasing demand for her cupcakes, Jody Hall, owner of Cupcake Royale, required funding for expansion. She was introduced to the SBA 504 loan program via Evergreen Business Capital. The funding enabled Jody to add new staff to her payroll and increase revenues. Cupcake Royale has continued to expand and currently has 7 locations across the Puget Sound region, including Capitol Hill, Ballard, Madrona, West Seattle, Pike Place Market, Queen Anne and Bellevue.
As an advocate and champion for small businesses across the nation, we recognize that women are under-represented in the federal contracting marketplace despite being essential job creators in our communities. Federal contracts provide critical opportunities for owners of small firms to boost their small businesses to the next level and create good-paying jobs. That’s why we rolled out the SBA Women-Owned Small Business Federal Contract Program (WOSBs). This program authorizes contracting officers to set aside federal contracts for eligible women-owned small businesses or economically disadvantaged small businesses to ensure women earn a fair share of the federal marketplace.
The SBA offers additional resources such as local Women’s Business Centers (WBCs)which are an effective resource that encourage and help women small business owners through mentorship and training. Additionally, there are various SBA Lending Programs that can help fulfill small business needs.
Continued support for women is essential, as women-owned small businesses have grown by 20 percent in five years and a quarter of small businesses are now owned or led by women. Look to the SBA as your small business resource and partner. Check out:http://www.sba.gov/content/
I hope you have found this information useful. Please feel free to forward this to your friends and colleagues. If you have comments or questions for me, please contact Connie Marshall in my office at email@example.com. To visit our regional website click this link.
CALVIN W. GOINGS
U.S. Small Business Administration