Small businesses are the backbone of the American economy. They create two out of every three new jobs in the country and account for nearly half of all private sector employment.1 In order to continue to drive economic growth, it is important for small businesses to have access to the capital they need to expand and create new jobs.
Unfortunately, small businesses often have a hard time accessing the capital they need. This is in part due to the fact that small businesses are often seen as a higher risk by lenders, and they often have to pay higher interest rates on loans.
This is where the Small Business Administration (SBA) comes in. The SBA is a government agency that provides small businesses with access to the capital they need to grow and create jobs. The SBA does this by providing small businesses with loans, loan guarantees, and other financial assistance.
One of the ways the SBA helps small businesses get access to capital is by providing them with leads for new business loans. The SBA partners with a number of lenders who offer loans to small businesses. These lenders provide the SBA with a list of potential borrowers, and the SBA then provides these borrowers with information about the loans that are available to them.
The SBA’s lead generation campaign is a great way for small businesses to get access to the capital they need to grow and create jobs. The campaign has been very successful, and has helped thousands of small businesses get access to the capital they need.
In fiscal year 2016, the SBA’s lead generation campaign helped more than 9,000 small businesses get access to over $1.5 billion in loans.2 This is a great accomplishment, and it is sure to help small businesses continue to drive economic growth in the United States.
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