Black History Month, Export Strategy, & SBA Microloans

 

The Sacramento District Office - February 2022

 

u s small business administration
Photos of four people with the following text, Black History Month. The SBA logo is at the bottom.

Happy Black History Month! SBA has resources to help small businesses rebuild and revitalize communities.

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Starting a Business in 2022: What to Know

Businesses owners looking at a laptop, small businesses, hubzone photo

Entrepreneurism is on the rise across America. According to the United States Census Bureau, Americans registered 4.3 million new businesses in 2021 — a 24 percent increase from 2019.

A year later, this trend has continued, and it's not slowing down any time soon. In November 2021, Americans filed 432,034 business applications. The message here is clear: if you've ever wanted to be your own boss, 2022 is a great time to build your business. 

Of course, starting a new business venture isn't easy. But resources partners like SCORE can help. This article will share seven tips to help you build a great business idea into a thriving enterprise.

Seven tips to help build your business


Tax Season

Join the IRS for a series of online meetings in February and March (divided by location/states) for small business organizations and owners. The meetings will include:

  • Presentations from IRS leadership covering the top tax issues affecting small business owners regarding income, deductions, employment taxes and recordkeeping
  • How to get ready for the 2022 filing season
  • Tax scams targeting small businesses 
  • How the IRS is reorganizing to better serve small business taxpayers
  • Listening session to hear concerns, feedback and suggestions from participants

Learn more


Smaller-size loans of up to $50,000 provided through SBA funding intermediaries

SBA microloans

The SBA Microloan Program provides loans up to $50K to help small businesses and certain not-for-profit childcare centers start up and expand. 

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cybersecurity tips

Grant Opportunity for State Governments to Offer Small Business Cybersecurity Assistance

Administrator Isabella Casillas Guzman, head of the SBA, announced $3 million in new funding for state governments to help emerging small businesses across America develop their cybersecurity infrastructure. As part of the Cybersecurity for Small Business Pilot Program, state governments are eligible to compete for grants that will help deliver cybersecurity assistance to nascent and start-up business owners.

Applications will be accepted from January 26- March 3, 2022.

Learn More


Ascent learning

Women in Business Resources

Women own or co-own 45% of all businesses in the United States. These businesses represent all types of industries and are owned by all types of women. That’s why we created Ascent and packed it with in-depth information to help you grow your business.

Start your learning with Ascent


Four Questions to Ask When Starting Your Business

December is National Write a Business Plan Month

The Small Business Administration (SBA) can help you start a business plan. Explore the best ways to attract investors and reach your targets. One way to get started is to ask yourself questions about what makes your business unique and what your future goals are. Start brainstorming and answer:

  • What does your business do?
  • Who is your target customer?
  • How will you make money?
  • What niche are you filling?

Get tips on how you can answer these questions to tailor your business plan to your vision. Find additional help by contacting a business planning expert.

Business Plan


Finding Your Business Mentor

National Mentoring Month

You can learn a lot by finding a mentor in your field, whether you're just starting on your business ownership journey or you've been building your company for several years. Imagine having someone to turn to when the stresses of entrepreneurship get to you. What if you could avoid the pitfalls inherent in any new venture?

Researchers found that 92% of small-business owners felt mentors directly impacted whether their companies thrived. However, a mere 22% actually had advisers when they first started.

Finding a mentor early in your entrepreneurial career may mean the difference between success and failure. Avoid many of the pitfalls you'll land in if you don't have someone to guide you past them. Here's how to embrace the idea of mentoring and take your company and your life to the next level.

Read SCORE article


Illustration of a ship and cargo boxes with the following text, exporting basics for your small business. The SBA logo is at the bottom.

Did you know that nearly 96% of consumers live outside the U.S., and two-thirds of the world’s purchasing power is in foreign countries? The SBA has resources to help you export your products or services.  Learn More

Ring in 2022 with Business Tips from the SBA

If 2020 was about the resolve and adaptability of the American small business owner, 2021 has been about the grit and determination to build back stronger than ever before. The economic recovery is well underway, and the SBA remains ready to help prospective, new, and experienced business owners alike in the year ahead. 2022 is poised to be an exciting year, but it won’t be without its challenges.  Learn More


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