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From: Chapman Spira and Carson
Time: 10:58:32 AM
Peter, all you have to do is click the red figure that has the letters SBA clearly printed at the upper left hand corner of every page in our site. Not only will you find a large amount of information on the site but there are two interactive forms that can really save you time located in that section. The first, a short form application that will tell you immediately whether we think you qualify and the second is the actual form that you will eventually have to fill out if you are going through with you idea regarding the Small Business Administration.
I can tell you that under the right circumstances your idea is a good one and under the right circumstances I think it will fly.
Our SBA operation is run out Memphis, Tennissee by Don Lafferty, who was also a tax partner at Arthur Anderson before joining Chapman. If you want to talk to Don in person you can reach him at 901-756-7409. In the meantime I am including a short information sheet put together by the SBA.
The U.S. Small Business Administration, established in 1953, provides financial, technical and management assistance to help Americans start, run, and grow their businesses. With a portfolio of business loans, loan guarantees and disaster loans worth more than $45 billion, SBA is the nation's largest single financial backer of small businesses. Last year, the SBA offered management and technical assistance to more than one million small business owners. The SBA also plays a major role in the government's disaster relief efforts by making low-interest recovery loans to both homeowners and businesses. America's 23 million small businesses employ more than 50 percent of the private workforce, generate more than half of the nation's gross domestic product, and are the principal source of new jobs in the U.S. economy.
Small Business "Vital Statistics"
Did you know that...
there are approximately 23 million small businesses in the U.S.?
new business formation reached another record level in 1996?
there were 842,357 new employer firms in 1996-the highest ever and a 2.8 percent increase over the record of 819,477 new firms in 1995?
Small-business-dominated industries produced an estimated 64 percent of the 2.5 million new jobs created during 1996? (U.S. Department of Labor, U.S. Department of Commerce)
small firms hire a larger proportion of employees who are younger workers, older workers, women or workers who prefer to work part-time?
small businesses provide 67 percent of workers with their first jobs and initial on the job training in basic skills?
provide virtually all of the net new jobs added to the economy.
represent 99.7 percent of all employers.
employ 53 percent of the private work force.
provide 47 percent of all sales in the country.
provide 55 percent of innovations.
account for 35 percent of federal contract dollars.
account for 28 percent of jobs in high technology sectors.
account for 51 percent of private sector output.
represent 96 percent of all U.S. exporters.
Last Modified: 3-30-99