Small Businesses-Great contribution in stimulating U.S. Economy

Visitors from abroad will be surprised to learn that the biggest power of the world U.S.A. is not dominated by the big corporations and their performance, but by the significant workings of small businesses. According to the sources from the U.S. Small Business Administration (SBA), 99 percent of all independent enterprises in the US employ lesser than 500 people. Therefore, these small enterprises account for 52 percent of the whole of U.S. workforce. Some 19.6 million Americans work for companies employing lesser than 20 workers, 18.4 million works for firms employing between 20 and 99 workers, and 14.6 million works for firms with 100 to 499 workers. In contrast, 47.7 million Americans work for firms with 500 or more employees.

So taking into account the role of small businesses in stimulating the US economy, you get a clear idea of the benefits one would reap by setting up a self-owned small enterprise. And if the scarcity of funds is a supposed hurdle preventing the smooth running your small business, we have a quick and ready solution that will make your dreams come true. The much promised funds could easily be procured by obtaining an unsecured business loan. Contact our funding consultant to get much required cash flow into your dream business.

Taking into consideration the magnitude of small business, small companies have won exemptions from many federal regulations, such as health and safety rules. US Congress had also created a small business administration (SBA) in 1953 to provide professional expertise and financial assistance (35 percent of federal dollar awards for contracts is set aside for small businesses) to people wishing to form or run small businesses. In the same year, SBA guaranteed $10,000 million, in loans to small businesses, easily usable as working capital or for the purchase of buildings, machinery, and equipment.

SBA also is backed by many small business investment companies that willingly invest another $2,000 million as venture capital. In addition, the SBA offered over $26,000 million as low-interest loans to homeowners, renters, and businesses of all sizes suffering losses from floods, hurricanes, tornadoes, and other disasters. Surprisingly small businesses in totality in the U.S.:

·         Represent 99.7 percent of all employer firms

·         Employ half of all private sector employees

·         Pay 45 percent of total U.S. private payroll

·         Have generated 60 to 80 percent of net new jobs annually over the last decade

·         Create more than 50 percent of nonfarm private gross domestic product (GDP)

·         Have supplied more than 23 percent of the total value of federal prime contracts in FY 2004

·         Produce 13 to 14 times more patents per employee than large patenting firms

·         Make up 97 percent of all identified exporters and produced 26 percent of the known export value in FY 2002

So let us make our contribution for expanding the economy in the U.S. And you could make it happen by procuring the much needed cash during an emergency to your revitalize your small businesses.

Visit us at : www.FundFactor.com