WASHINGTON, April 5, 2022 – SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration, is celebrating the impact of its 10,000 volunteers during National Volunteer Month. SCORE’s volunteers provide business mentoring and education in 1,500 communities nationwide, empowering local entrepreneurs, creating jobs and growing the American economy.
New impact data shows that in 2021 alone, SCORE volunteers:
WASHINGTON, March 8, 2022 – Two years into the pandemic, more than half of small businesses report being in fair or poor financial condition according to a meta-analysis performed by SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.
Most small businesses have not applied for loans, even though 54% of entrepreneurs who didn’t apply for loans needed funds. Of the small business owners who did apply for outside financing, 63% used those funds to meet basic needs such as wages, rent and inventory costs, rather than to grow their
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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.