Clare Whelan knows firsthand how hard it is to secure the vital funding necessary to keep a small business afloat. Last year, her Little Haiti-based commercial carpentry and welding firm, Doors Inc., “had no working capital and no way to get any” — until SCORE helped her get a $50,000 loan from Miami Bayside Foundation.
On Wednesday, the Obama administration announced several initiatives geared to help small businesses expand and create jobs, reduce paperwork, make it easier to access loans through the Small Business Administration, and get tax credits.