Small Businesses, We Hear You and are Here For You

Roughly 530,000 small businesses open each month, according to a Kauffman Report, but many of them find it hard to become successful. Benefits.gov understands it can be hard to succeed at running a small business. Luckily, there are an abundance of resources available online for those interested in starting a small business or for owners looking to ensure their businesses succeed.

Interested in starting your own business? The U.S. Small Business Administration (SBA) has blogs, videos, and instructions on how to register your business and build a business plan. The SBA also provides information on the benefits of using technology to stay competitive and offers tips for ensuring the longevity of your business. Beyond that, the SBA helps connect small business with mentors in the business world to help in the decision-making process. If you're thinking about starting a business and would like a mentor, learn more here.

Business USA is another resource that offers additional help such as a questionnaire aimed at guiding and directing you to what information is necessary to jump-start your business idea.

Need some funding to get started? Check out Benefits.gov's loan programs. If you need to purchase inventory, supplies, furniture, or equipment, then a small, short-term loan, such as SBA's Microloan program might be of use. If you need financing for a longer period of time for a major fixed asset like large equipment or real estate, the Certified Development Company (CDC) Loan program provides an opportunity to grow business with fixed-rate financing. If you're looking for loans for other purposes, the Small Business Investment Company (SBIC) program considers a wide variety of investment opportunities. SBICs supply equity investment ranging from capital, long-term loans, and management assistance. Remember to take the Benefit Finder to check your eligibility for these programs and more.

Trying to hire? Both the SBA and Business USA provide resources on hiring ranging from understanding what employee benefits are required versus optional, how to retain employees, information on background checks, and tips on training employees. In addition to these two resources, the American Job Centers program allows the opportunity to post job openings, give assistance in hiring veterans, and lends support to write a job description.

Getting back on your feet? If you need aid to help your business recover from an economic injury, a physical disaster, or if your employees were called to report for active duty, Benefits.gov is here to help. An Economic Injury Disaster Loan provides a low-interest, long-term loan for losses that are not fully covered by your insurance. The SBA offers financial assistance to businesses who experienced damage and are in a declared disaster area via Business Physical Disaster Loans. If you employ American military reservists and are unable to meet your ordinary and necessary operating costs due to one of them being called for duty, check out our Military Reservist Economic Injury Disaster Loan Program.

We want you to succeed. With over 1,200 government benefit and assistance programs on Benefits.gov, there are many avenues to find assistance. Explore what benefits you are eligible for by completing our Benefit Finder questionnaire.

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