Archive for the ‘U.S. Small Business Administration’ Category

Equity-based Crowdfunding: Potential Implications for Small Business Capital

April 22, 2015 Comments off

Equity-based Crowdfunding: Potential Implications for Small Business Capital (PDF)
Source: U.S. Small Business Administration

For small business owners and entrepreneurs to build, grow, and support their business, it takes capital, and today, many of these individuals are choosing alternative forms of capital. One popular avenue is crowdfunding. “Crowdfunding systems enable users to make investments in various types of projects and ventures, often in small amounts, outside of a regulated exchange, using online social media platforms that facilitate direct interaction between investors as well as with the individual(s) raising funds.” There are three basic types of crowdfunding. Money is given in exchange for a clearly defined good (reward), a piece of the venture (equity), or a loan agreement (peer-to-peer). Typically, these three types of crowdfunding occur on different types of websites or platforms. Today, crowdfunding is steadily reaching critical mass as it is now estimated to be worth $3 billion to $5 billion worldwide.

Despite the growth of crowdfunding in the alternative lending landscape, one major crowdfunding method remains untapped. Equity-based crowdfunding was created under Title III of the Jumpstart Our Business Startups (JOBS) Act (2012), but the rule under Title III is still being written at the Securities and Exchange Commission (SEC) to expand the ability for entrepreneurs to sell equity to prospective investors online. Until the SEC issues final rules under Title III, equity-based crowdfunding for the vast majority of Americans remains off-limits.

Small Innovative Company Growth—Barriers, Best Practices and Big Ideas: Lessons from the 3D Printing Industry

March 11, 2015 Comments off

Small Innovative Company Growth—Barriers, Best Practices and Big Ideas: Lessons from the 3D Printing Industry
Source: U.S. Small Business Administration
From email:

Small Innovative Company Growth—Barriers, Best Practices and Big Ideas: Lessons from the 3D Printing Industry identifies 11 barriers that range from the individual level (e.g., academic debtload) to the systemic level (e.g., the reliable exchange of research advancements).

The report was written by Mark Harrison, the Office of Advocacy’s entrepreneur in residence, over a 12-month period. The report draws on input from numerous contributors and contains extensive links to news articles, research studies, and innovative programs. To plant it in the practical realm, the author examined the barriers specific to advanced manufacturing/3D printing, an emerging industry that has the potential to affect traditional economic patterns and produce breakthroughs in dozens of fields.

The Small Business Advocate — February 2015

February 22, 2015 Comments off

The Small Business Advocate — February 2015 (PDF)
Source: U.S. Small Business Administration
From e-mail:

The Office of Advocacy has released the February 2015 issue of The Small Business Advocate newsletter. This edition features Advocacy’s newly released Small Business Profiles for the States and Territories, and includes the United States profile in full. In addition, the newsletter contains regulatory news and a summary of the Report on the Regulatory Flexibility Act FY 2014.

Small Business Profiles for the States and Territories, 2014

February 5, 2015 Comments off

Small Business Profiles for the States and Territories, 2014
Source: U.S. Small Business Administration

The Office of Advocacy’s Small Business Profiles for the States and Territories are an annual analysis of each state’s small business activities. They provide information on small business employment, industry composition, small business borrowing, exporting, and survival rates, as well as business owner demographics. The profiles provide information for the 50 states, the District of Columbia, the U.S. territories and United States. Detailed historical data may be found in the Small Business Economy.

New From the GAO

October 23, 2014 Comments off

New GAO Report
Source: Government Accountability Office

Small Business Administration: Additional Steps Needed to Help Ensure More Timely Disaster Assistance. GAO-14-760, September 29.
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Podcast –

New From the GAO

May 30, 2014 Comments off

New GAO Reports and Testimony
Source: Government Accountability Office


1. DOD Financial Management: Improvements Needed in Army’s Efforts to Ensure the Reliability of Its Statement of Budgetary Resources. GAO-14-60, May 30.
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2. Inspectors General: A Sample of the Treasury IG for Tax Administration’s Audits Were Generally Consistent with Standards, but Additional Review Could Address Exceptions. GAO-14-70, May 16.
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3. Information Security: Agencies Need to Improve Cyber Incident Response Practices. GAO-14-354, April 30.
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4. Small Business Administration: Cosponsored Activities Can Benefit Small Businesses but Lack a Consistent Feedback Mechanism. GAO-14-260, May 30.
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5. Public Transit: Length of Development Process, Cost Estimates, and Ridership Forecasts for Capital-Investment Grant Projects. GAO-14-472, May 30.
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6. Trusted Travelers: Programs Provide Benefits, but Enrollment Processes Could Be Strengthened. GAO-14-483, May 30.
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1. DOE Loan Programs: DOE Has Made More Than $30 Billion in Loans and Guarantees and Needs to Fully Develop Its Loan Monitoring Function, by Frank Rusco, director, natural resources and environment, before the Subcommittee on Oversight and Investigations, House Committee on Energy and Commerce. GAO-14-645T, May 30.
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CRS — Small Business Administration Microloan Program

April 17, 2014 Comments off

Small Business Administration Microloan Program (PDF)
Source: Congressional Research Service (via National Agricultural Law Library)

The Small Business Administration’s (SBA’s) Microloan program provides direct loans to qualified non-profit intermediary Microloan lenders who, in turn, provide “microloans” of up to $50,000 to small business owners, entrepreneurs, and non-profit child care centers. It also provides marketing, management, and technical assistance to Microloan borrowers and potential borrowers. The program was authorized in 1991 as a five-year demonstration project and became operational in 1992. It was made permanent, subject to reauthorization, in 1997.

The SBA’s Microloan program is designed to assist women, low-income, veteran, and minority entrepreneurs and small business owners and other individuals possessing the capability to operate successful business concerns by providing them small-scale loans for working capital or the acquisition of materials, supplies, or equipment.

In FY2013, Microloan intermediaries provided 4,426 Microloans amounting to $51.2 million. The average Microloan was $11,569 and had a 7.76% interest rate.


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