How to work with the Small Business Administration Resource Partner Network

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Running a business isn’t impossible, but it can be difficult. The good news is that you don’t have to do it alone. The Small Business Administration Resource Partner Network provides small businesses with free and low-cost help and resources.

The SBA Resource Partner Network is made up of independent SBA-funded organizations that provide high-quality training and advice designed to meet the specific needs of small business owners – free or at low cost. With more than 300 SCORE chapters, 980 Small Business Development Centers, 100 Women’s Business Centers, and 20 Veteran Business Outreach Centers across the country, you’re never far from SBA-approved experts who can help your business thrive.

In 2021, SBA Resource Partners worked together to provide small businesses with access to $45 billion in capital. More than 26,000 new businesses were opened with this capital, creating 2.1 million jobs.

SCORE Mentors

SCORE is a great organization with volunteer business mentors ready to help you solve industry problems. Small business owners and managers will get a lot out of this program since real-world business leaders run it.

Flexibility is an advantage. Don’t have time to speak in person with a professional business mentor? These volunteers are also available for a video chat or phone call. The workshops are also free and it costs nothing to speak with a volunteer mentor.

Score mentors are professionals with years of expertise. They work with you to develop a solid business plan and check in frequently.

Small Business Development Centers

If you are lucky enough to live near a small business development center in your area, you can take advantage of the small business resources and tools available to you. Unlike SCORE mentors, these centers run low-cost mentorship programs.

It’s a valuable resource if you can find one near you, as it connects you with other like-minded businesspeople and entrepreneurs. You can search for a small business development center near you by typing your zip code in the search bar here.

Business centers for women

It is more difficult for women to start and manage their own small business. In 2021, the Biz2Credit Study on Women-Owned Businesses found that women-owned businesses generated an average profit of $88,995.

This figure was well below both the average profit for male-owned businesses in 2021 ($136,147) and the average profit for female-owned businesses in 2020 ($119,654). However, you don’t have to feel alone when running a business as a woman. These business centers offer free mentoring programs, advice and referrals.

Veteran Business Outreach Centers

Veterans have always been a driving force in American entrepreneurship.

However, there are fewer veteran-owned businesses now. Compared to 49.7% of World War II veterans and 40% of Korean War veterans, only 4.5% post-9/11 veterans started a business.

There is no lack of motivation behind the sudden drop in veteran business ownership. 26% of veterans indicate that they are interested in starting their own business. Veterans, however, encounter many problems when trying to start a business, ranging from knowledge limitations to funding issues.

Fortunately, there are veteran business awareness centers. The strength of this business center is that it can help you, as a veteran, learn valuable tools and tips for landing a competitive government contract.

Other Notable SBA Programs

With so many SBA programs in its resource partner network, it’s hard to choose just one. A few notable mentions are the SBA learning platform, Boots to Business, and THRIVE. The SBA learning platform transforms lives because it is a free and easy to use online tool. It is a fully online learning center and accessible to small business owners. You can take courses on planning, starting, managing, marketing, and growing a small business.

Another unique and interesting SBA program is Business Boots. At Boots to Business, transitioning service members can take B2B and B2BR business courses. B2B: Revenue Readiness was created in partnership with Mississippi State University. Serving and transitioning military members can start with a free two-day in-person course.

THRIVE (Train. Hope. Rise. Innovate. Venture. Elevate) is an executive-level training series for small businesses that want to grow and thrive. This SBA program is hard to get into, but it’s worth it! You must have your own small business with a turnover of at least $250,000, have at least three years of business management experience, and employ at least one person, excluding yourself. same. The program lasts six months and is completely free!


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