Business Small Money Sba Eslpod Trends Offers Financial

Each year, more than 600,000 small businesses are started in the United States. Some of them do well, but many others "fail" or are unable to make money and/or stop doing business. These small businesses face many "challenges" (difficulties) in competing with larger businesses. One government agency, the US Small Business Administration (SBA), was created in 1953 to help Americans start and build their businesses.

The website for the Small Business Administration, www.sba.gov, provides a lot of information and services to help small businesses succeed. It offers "financial assistance," which is money to help businesses get started. Some of the financial assistance is in "grants" (money that the businesses can keep) and some of it is in "loans" (money that must be paid back). The SBA also offers businesses free "training" (education) about how to manage a business, pay "taxes" (money paid to the government), plan for the future, and increase sales to customers. The SBA provides special "assistance" (help) to businesses that are owned by women or "minorities" (people who are from a minority group in the US, such as African Americans, Native Americans, Latinos, and Asian Americans).

The SBA has many offices in each state. Small business owners can go to these offices to get training or to ask the experts questions about their businesses. If you are interested in starting a small business, it's a good idea to speak with the SBA. The people there can help you learn how to "register" (sign up) your business with the government, and what kind of financial "records," or important papers, you need to keep.