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August 05, 2005
Tougher times ahead for small US entrepreneurs
Drew Armstrong's article on BusinessWeek Online announces "The Bush Administration is eliminating funding for the SBA's MicroLoan Program — a move critics say will hurt urban entrepreneurs."
"Small businesses traditionally generate between 60% and 80% of net new jobs, and in 2000-01, the most recent data available, small businesses were responsible for all net new jobs in the U.S., according to the Small Business Administration."
They are still making loans available for more established businesses, but this doesn't help the solo entrepreneur. Those who are going to need some assistance getting started will need to explore their options.
Posted by Steve MacLellan at August 5, 2005 09:39 AM
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If anyone knows of sources of other funding programs for small US entrepreneurs, please post them here and share them.
Posted by: Steve MacLellan ![[TypeKey Profile Page]](http://www.homebusiness-websites.com/mt/nav-commenters.gif)
at August 5, 2005 10:54 AM
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