Borrowers Helpful Links

Borrowers Helpful LinksSmall Business Administration
Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.

SCORE (Counselors to America’s Small Business)
SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA), and has been mentoring small business owners for more than forty years.

U.S. House of Representatives Small Business Committee
On December 4, 1941, the U. S. House of Representatives created the first House Select Committee on Small Business.  The select committee was established in response to a growing number of small business activists and organizations advocating for more protections and better government policies for America’s small businesses. While it had no legislative authority, the select committee became popular with House members and was reauthorized each Congress until January 5, 1975, when it was made a permanent standing committee. House members then granted the new standing committee with certain areas of legislative jurisdiction and oversight functions, increasing its scope and influence.

U.S. Senate Small Business Committee
On October 8, 1940, the Senate established the Special Committee to Study and Survey Problems of Small Business Enterprises (also known as the Special Committee to Study Problems of American Small Business). On January 31, 1949, this special committee was terminated, but on February 20, 1950, its functions were transferred to the Select Committee on Small Business. The select committee was terminated on March 25, 1981, when it became the Committee on Small Business, a standing committee. On June 29, 2001, Sen. John F. Kerry (D-Mass.) changed the name of the committee to the Committee on Small Business and Entrepreneurship.

Internal Revenue Service
The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses. The income tax was repealed 10 years later. Congress revived the income tax in 1894, but the Supreme Court ruled it unconstitutional the following year. In the 50s, the agency was reorganized to replace a patronage system with career, professional employees. The Bureau of Internal Revenue name was changed to the Internal Revenue Service. Only the IRS commissioner and chief counsel are selected by the president and confirmed by the Senate.