Saturday, November 30, 2024, is Small Business Saturday—a day to celebrate and support small businesses and all they do for our communities. With over 34 million small businesses in the country, it’s no secret that they are the lifeblood of the American economy.
Please join Busey, the U.S. Small Business Administration (SBA) and organizations across the country in supporting your community by shopping small and making a big impact.
What is Small Business Saturday?
Now a staple of the holiday shopping season, Small Business Saturday was created by American Express during the 2010 recession—and sponsored by the SBA in 2011—encouraging people to “Shop Small” on the Saturday after Thanksgiving and support the small businesses at the core of every thriving neighborhood. This year marks the 15th Small Business Saturday.
Most businesses can’t compete with large corporations on price, especially during the holiday season, when big box stores release Black Friday sales and doorbuster deals. Small Business Saturday acts as a counterbalance, a dedicated shopping day for small local businesses during the busiest shopping season of the year. Since it started in 2010, the movement has helped generate more than $200 billion in reported sales.
How Can You Participate?
Find small businesses to support as a customer.
Every time you pick up a cup of coffee from your favorite neighborhood café or buy a gift from a local artist's online store, you're shopping small and making a difference. Explore small businesses in your community!
Support local businesses as a community organization.
In an effort to support their communities, organizations across the country serve as Neighborhood Champions. These supporters serve their communities with events and activities on Small Business Saturday and all year long.
What Is the SBA?
The U.S. Small Business Administration, or SBA, is a government organization that guarantees portions of loans designed for starting, growing and expanding small businesses. An SBA loan provides financial assistance programs for small businesses that are specifically designed to meet key financing needs.
SBA guaranteed loans can greatly benefit companies seeking capital for expansion, inventory, buildings, equipment, exporting and other needs. The 7(a) Loan Program—SBA’s most common model—provides financial help for businesses with special requirements. An applicant’s eligibility is based on the nature of the company and its principals, how it earns income, the owner’s character and company location.
Basic uses for the 7(a) loan include:
Why Choose Busey’s SBA Team?
Some small business owners may find the application process intimidating. Busey has a seasoned team of experts with over 200 years of combined experience and a dedicated SBA 7(a) division that has been designated a part of the Preferred Lenders Program (PLP). As a preferred lender, we understand the SBA underwriting system, eligibility hot buttons and forms—which means we can help guide clients through the application process.
Busey is proud to provide small business owners with the expertise and creative funding needed to take business to the next level. Our experts are committed to helping your business grow and streamlining the loan process to ensure you have the right solutions as you plan your future.
To learn how Busey can help your small business thrive this Small Business Saturday and beyond, visit busey.com/sba.