Getting the SBA to work for you!

SBA_logoIt may come as a surprise to you to learn that there are more than 1,900 businesses in the town of Raynham. It certainly came as a surprise to me when I discovered this fact on the website Manta. The A to Z list of Raynham small businesses covers everything from Accounting to Zumba. Most of these businesses are small – from cleaning services, tattoo parlors and pest control to hearing aids, landscaping and beauty shops. There are also restaurants, car dealerships, furniture stores, office supply stores, construction companies, financial services, doctors, lawyers, dentists. The list goes on and on.

It is estimated that there are 28 million small businesses in the United States. Small businesses account for 99.7 percent of all of the employers in the United States, and employ over 56 million people. Small businesses not only fuel the American economy, but they also give people the opportunity to fulfill the “American Dream,” the ideal that every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative.

We all benefit from small businesses. When we patronize local businesses, we are essentially giving money back to our local community. A thriving local business will generate high levels of revenue, which means that the business will pay higher taxes, including local taxes. This money is then used for local police and fire departments as well as schools and libraries.

If you are thinking of striking out on your own, starting a business, and joining the millions of small business owners, there is help available to guide you through the process. It’s the U.S. Small Business Administration.

The Small Business Administration (SBA) is the United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is “to maintain and strengthen the nation’s economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters”. The agency’s activities are summarized as the “3 Cs” of Capital, Contracts and Counseling.

John Arnett, Economic Development Specialist from the SBA, will be at the Raynham Public Library on Tuesday, April 18, from 6:00 – 8:00pm, to share information about the SBA’s programs and services. He will provide information about the SBA Guaranty Loan Programs – microloans and express loans, government contracting opportunities, counseling services through MSBDC, SCORE, CWE and VBOC and SBA disaster assistance. Registration is required for the workshop. Please register on the library’s website, raynhampubliclibrary.org, in Events. For more information, contact the library at 508.823.1344.

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