SBA Small Business Week Features The Largest Corporations

SBA Small Business Week Features The Largest Corporations

According to the Small Business Administration, this week is NATIONAL SMALL BUSINESS WEEK, hooray for small business owners everywhere!

A list of the events on the First Day are to the right:

11:00 am-11:15 am Welcome SBA Administrator

Welcome SCORE

11:15 am-11:20 am

Break

11:20 am-12:20 pm

Google – Coach your Team to Success

12:20 pm-12:30 pm

Break

12:30 pm-1:30 pm

T-Mobile – loT Solutions: Unlock Your Business Growth, Simply

1:30 pm-1:40 pm

Break

1:40 pm-2:40 pm

Square – Great Product Photography

2:40 pm-4:00 pm

Break

4:00 pm-5:00 pm

Meta – Good Ideas Lead to Big Impact

Why All the BIG companies at Small Biz Week?

Good Question! Why are Google, T-Mobile, Square, and Meta speaking? I thought this was “small business week”?

I’ve been working with small businesses for most of my life. I can say without reservation that the Small Business Administration is one of the most useless federal agencies. It’s best known for its loan programs. The SBA itself, however, doesn’t actually hand out any money. It guarantees loans, sort of… private companies do the same thing. If you search for SBA lenders, you mainly find banks like Wells Fargo. Do I need to say anything else?

Violation Tracking: Wells Fargo

Source: goodjobsfirst.org


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What Does the SBA do?

In the United States, a small business is loosely defined as employing fewer than 500 employees. You couldn’t possibly handle that many customers! This is why your bakery is not a small business, and you don’t qualify for the SBA loans or assistance.

The SBA was founded for the purpose of helping small businesses get off the ground. Still, its definition of a small business is so broad that even large corporations can be defined as small businesses. The SBA has shown no interest in helping real small businesses (less than 20 employees) through their funding and should be defunded.

You have less than 20 employees? Go elsewhere.

If you’re a small business, the SBA is not for you. It provides more funding for large corporations than it does small businesses. In the last 20 years, it’s provided less than 1% of all the loans given to businesses in the US, and only 2.6% of all loans guaranteed by the government. A tiny fraction of that is used for start-ups.

The Small Business Administration is, in principle, a good organization. We ought to have an organization run by the government that helps small businesses – new businesses are vital to our economic health, and large corporations are often corrupt or inefficient. Unfortunately, due to our political system and the way government agencies develop over time, The SBA has become a bloated, inefficient bureaucracy that doesn’t do any good.

What about freedom and America?

What takes away a person’s freedom is not so much dictatorship or democracy as a dependency. And nowhere are people more dependent than in large companies, especially public ones. When you go to the SBA, they point you to Google. Ask for help with marketing, and you get a Facebook ad scheduling tool.

The Article Image Explained

The image for this article is from over 100 years ago. It shows the absurdity of how the biggest corporate interests are really supported by the masses. Fast forward to today, and what has changed?

The government agency responsible for promoting Small Businesses has sold out to big businesses.

A link to the sponsors is provided, but you don’t really want to know how bad it is, do you?


Click For PDF of Sponsors

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