WARREN, NJ -According to the United States Small Business Administration (SBA), approximately 90% of all small enterprises fail within the first two years of operation. This occurs for many reasons. The 2013 Global Entrepreneurship Monitor report, produced by Babson College, found that the top reasons for discontinuing a business in the U.S. were difficulties in obtaining financing and a lack of profitability. It seems that many small business owners underestimate the amount of funding necessary for their company’s start-up. Lack of funding will immediately restrict any business capacity and will significantly jeopardize a business’ potential growth and stability. It is imperative that new business owners determine the amount of money a business will require, which includes not only the costs of starting the company, but also the money needed to stay in business. The good news is that it is possible to start a business - and keep it operating successfully - with proper planning and funding.

SCLSNJ's Warren Township Library branch will host a representative from the Small Business Administration on June 9 at 6:30 pm to educate small business owners and entrepreneurs about SBA's business loan programs and technical assistance programs. Attendees will learn about SBA’s 7(a) Guaranty Loan Program, the MicroLoan Program, the 504 FixedAsset Loan Program and the most popular of all of SBA’s loan programs: SBAExpress. There will also be a brief introduction to crowd funding and how it works. As with all business programs at SCLSNJ's Warren Township Library branch, there will be an opportunity to network before and after the presentation. Light refreshments will be served. Registration is required. To register call the Library at 908-754-5554 ext 32 or visit SCLSNJ’s website at SCLSNJ.org.