Small Business Saturday 2020
Join us in support of the eleventh annual Small Business Saturday on Saturday, November 28, 2020!
Founded by American Express in 2010 and officially cosponsored by SBA since 2011, Small Business Saturday has become an important part of how many small businesses launch their busiest shopping season. According to American Express’s Small Business Saturday Consumer Insights Survey, 70% of consumers are now aware of the Small Business Saturday initiative.
This year, we know that small businesses need our support now more than ever as they navigate, retool and pivot from the effects of the coronavirus pandemic. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make an impact in their neighborhoods by supporting local small businesses.
Cosponsorship Authorization #21-2050-02. SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.
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Veteran-owned business turns to SBA for PPP assistance and successfully obtains loan
For Elite Turning & Manufacturing Corporation owner Paul Pettrone, the difference between success and failure was not being afraid to ask for help.
From its humble beginnings in 2012, Paul and his son Anthony started the manufacturing company from the ground up in borrowed space. With only one working machine, Paul and his son begin constructing components. Later, after serving in the military as a Marine, Paul’s other son Joseph joined the company to help it grow into the business it is today.
As the business quickly advanced, Paul and his sons realized they had outgrown their space. Paul was able to secure funds for expansion through reaching out to the U.S. Small Business Administration where he learned about the SBA’s 504 loan program; this program helps entrepreneurs obtain financing for...read full story here.
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