Browsing: Small Business Administration

The Small Business Administration (SBA) is a United States government agency established in 1953 to support and promote the interests of small businesses. Its primary mission is to provide financial assistance, entrepreneurial development, government contracting opportunities, and advocacy for small business owners. Through a variety of programs and initiatives, the SBA helps entrepreneurs launch new businesses, expand existing ones, and recover from economic setbacks or disasters. One of the agency’s most well-known offerings is its loan guarantee programs, such as the SBA 7(a) Loan, SBA 504 Loan, and SBA Express Loan, which allow small businesses to access capital with favorable terms and reduced lender risk.

In addition to financing, the SBA offers a wealth of educational resources, mentoring, and training through programs like SCORE, Small Business Development Centers (SBDCs), and Women’s Business Centers (WBCs). The SBA also plays a critical role in ensuring that small businesses have access to federal contracts by setting aside a percentage of government procurement for them. With a nationwide network of field offices and partner organizations, the SBA serves as a vital resource for millions of entrepreneurs striving to build and sustain their businesses, contributing significantly to job creation and economic growth in the U.S.