To many people in the world, the United States has always been a place where anyone who had a great idea and an even better work ethic could one day prosper, no matter what their race, creed, or economic background. A large part of the reason why this is so is that this country has always been friendly to the creation of small businesses.
This article will summarize the rise of small businesses in America and the funding enterprises that came up to help these independent enterprises thrive in their local areas.
The History of Small Businesses in America, Part 1
Before the advent of the 20th century, the bulk of America’s economic activity came from the agricultural sector. This system worked for over two centuries as the United States started to mold its vision of economic independence for its business owners within the various farms within its borders.
It was in the 20th century that small businesses exploded. Part of this was because of the increase of immigrants into this country, combined with the flowering of the American Dream/work ethic philosophy. As more and more people dreamed of going into business for themselves, the numbers of small businesses in this country increased several times over.
The History of Small Businesses in America, Part 2
As stated before, the fortune of small businesses practically exploded in the 20th century. By the end of the 20th century for example, from 1990 to 1995, ¾ of all new jobs in this country came from small businesses. A decade and a half later, that number should increase many, many times over.
One reason why small businesses have been good for this country is that they have been very friendly and open when it comes to hiring certain types and classes of workers. One example is female workers, to which small businesses have been very good. Other groups of people who have benefited from the rise of small businesses are older workers and part timers.
The History of Small Business Funding
In 1953, the Small Business Administration was started as a source of advocacy, education and loans for independent business enterprises all over the country. For the past fifty or so years, the Small Business Administration has served as the voice of small businesses on Capitol Hill.
Even though the Small Business Administration is one place you can get a business loan, you may also want to seek help from companies that have knowledge about the regulations in your state. If you look to companies such as advantagecapitalfunds.com, you’ll find a wide range of help for your business’ economic needs.
Small businesses have always enjoyed a heightened position in our country’s economy. They also encompass a lot about what we find great about our country: our values, work ethic and belief systems. If you own a small business, find a lending company that can best all of your needs as a business owner in your state and country.
