Small Business Loan

The United States Small Business Administration (SBA) has helped a lot of small businesses get started. Every state has at least one Small Business Administration (SBA) district office, with multiple resource partners to support the needs of the small business community.

The SBA is guided by comprehensive strategic plans and a budget that supports the President's small business agenda. Small businesses are the engine for economic growth in America and represent a powerful vehicle for opportunity. SBA has numerous programs and services designed to help small businesses succeed.

Did you know that...
1) There were approximately 22.9 million small businesses in the U.S. in 2002.
2) There were an estimated 550,100 new employer businesses in 2002 -- a 0.9 percent increase over the previous year.
3) Small businesses hire a larger proportion of employees who are younger workers, older workers, and part-time workers.
4) Business bankruptcies were 38,155 in 2002, about half of the level reached in the late 1980's.

Small businesses:
1) Provide approximately 75 percent of the net new jobs added to the economy.
2) Represent 99.7 percent of all employers.
3) Employ 50.1 percent of the private work force.
4) Provide 40.9 percent of private sales in the country.
5) Account for 39.1 percent of jobs in high technology sectors in 2001.
6) Account for 52 percent of private sector output in 1999.
7) Represent 97 percent of all U.S. exporters.

For more information go to: www.sba.gov/starting_business/

Federal Laws
Major laws that govern financial institutions and protect individuals in their financial dealings

Organizations

Fannie Mae
Freddie Mac
Ginnie Mae
Nellie Mae
Sallie Mae

Consumer Info

Credit Bureau
Credit Report
Directory of Federal Agencies
Federal Trade Commission (FTC)
Identity Theft
Predatory Lending
Repair Your Bad Credit
Truth in Lending Act
Borrowers Beware

Miscellaneous

Private Mortgage Insurance (PMI)
Prepayment Penalty

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