To categorize businesses, the SBA has established standards for every private sector industry in the United States, via the North American Industry Classification System (NAICS). Is not dominant in its field on a national basis.Is a sole proprietorship, partnership or corporation.economy through payment of taxes or use of American products, materials or labor. Operates primarily within the United States or makes a significant contribution to the U.S.Has a place of business in the United States.The SBA fulfills its mission by offering loans, loan guarantees, government contracts, financial counseling and other forms of assistance to America’s small businesses, defined as any business that: Its function, as articulated in its mission statement is to “aid, counsel, assist and protect the interests” of small businesses, to preserve free enterprise and to maintain and strengthen the economy. Small Business Administration (SBA) was created by Congress in 1953 as an independent agency of the federal government. Practical Suggestion for Tax Refund: Pay off Credit Card Debt! January 9, 2018.Tax Season Countdown All Over Again June 30, 2020. Payroll Tax Deferral: Is It Worth It? September 11, 2020.How Biden & Trump Tax Policies Compare October 2, 2020.Paying Down Student Loans Before the COVID Suspension Is Lifted October 28, 2020.Google Is the Latest Company to Offer Student Loan Repayment Benefits November 3, 2020.
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