by Ray Hayes
Are you a small business owner that has never visited your local Small Business Administration (SBA) office? If you have not, then are not alone. According to a Fundera and Qualrics, survey, 80 percent of small business owners have never visited their local SBA office. That is surprising and unfortunate because those owners are losing out on a lot of grants opportunities, mentorships, networking opportunities and basic knowledge or educational resources on how to succeed as a business owner.
The reality of launching and retaining your business after the first year can be a very daunting task and sometimes even more difficult depending on who you are and where you’re from. The local SBA office can help new owners launch their business and obtain government contracts through its 8(a) Business Development Program.
For minority business owners, there are specific benefits as well. According to Fundera, some SBA loan and grant opportunities are specifically for minority businesses to aid in growth and development.
If you are one of the 80% that is not taking advantage of your local SBA office, please go to the office this week and take one look to see if they have something for you.
Click here for a list of resources Fundera gathered for minority owned businesses.
Fundera is a national online leader and Quatrics is an online research firm.