At the North Channel Area Chamber of Commerce luncheon this month, the featured speaker was Tim Jeffcoat, Director of the U.S. Small Business Administration in Houston.
Jeffcoat gave the audience an entertaining and informative look at the programs and services offered by the SBA to any small business. He defined small businesses as any manufacturing or processing business that has less than 1500 employees. Examples were refineries, aircraft and airline companies, oil transportation, and delivery services.
He also defined small business as any service firm doing up to $38.5 Million is business. Thus a large number of Houston businesses would qualify for SBA services.
These include access to Counseling, Federal Contracting, Capital, and support during crisis situations.
Jeffcoat noted that of all new businesses, 63% qualify as small businesses.
He sees SBA as “Helping Americans achieve the Dream of Small Business.”