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Small businesses have problems of their own. The resources are meagre and the task enormous. But small businesses are the developing blocks that build nations. The government in the UK is committed to make this nation the best place in the world to start and nurture businesses. The Small Business Service (SBS), an agency of the Department of Trade and Industry, envisages an enterprise society in which small firms of all kinds thrive and achieve their potential. Of course, a lot of money as well as effort is needed to turn these plans into a reality. That is where small business loans gain importance.

Keeping in view the larger interests of the nation, SBS wants more people having the desire, skills and opportunity to start a successful business. It also aspires to help everyone with the ambition to grow a business in getting the needed help and support. Building the capability for small business growth and improving access to finance for small businesses are amongst the strategies on which SBS is working.

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According to the Security and Exchange Commission a Small Business is…
For SEC purposes, small businesses are defined as domestic companies with revenues of under $25 million, and not investment companies. Subsidiaries of larger companies do not qualify as small businesses

while The Small Business Association says…
There are many definitions of a small business. In general, any business with revenue under $500,000 per year will qualify, but many larger agricultural and commercial businesses may also apply.

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