Each year, the U.S. government awards at least 5% of all federal contracting dollars to Women-Owned Small Businesses (WOSBs). This amounts to millions of dollars set aside for industries where WOSBs are underrepresented — from farming and manufacturing to medical and...
According to the U.S. Census Bureau’s Annual Business Survey, veteran-owned businesses make up about 5.7% of all businesses in the United States, accounting for more than 4 million jobs, and contributing about $191.6 billion in annual payroll. As a former member of...
As the COVID-19 pandemic begins to wane, many people — especially women who may have been displaced during the shut-down — are considering taking the entrepreneurial plunge. As the economy begins gearing up for recovery, it’s an excellent time to launch a business....
The HUBZone program was created to help drive small business growth in historically underutilized business zones by limiting competition for certain government contracts to qualifying businesses. At least 3% of all federal contracting dollars each year are designated...
Beyond the standard qualifiers, such as an explanation of assets, credit history, and credit score, lenders require business applicants to submit a formal business plan in order to receive approval for a loan. This plan not only needs to demonstrate what the business...
