Small Business Administration (SBA)

Extracted Attributes

• Type

  Independent agency of the United States government

• Mission

  To maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters.

• Headquarters

  409 3rd St., SW Washington, DC 20416, United States

• Key Functions

  Capital, Contracts, Counseling

• Geographic Scope

  United States (with at least one office in each U.S. state)

• Federal Contract Goal

  23% of prime federal contracts directed to small businesses

• Counseling Partners (approximate numbers)

  900 Small Business Development Centers, 110 Women's Business Centers, 350 SCORE chapters

• Annual Entrepreneurs Served by Counseling Partners

  Over 1 million

Timeline

• Created by President Dwight Eisenhower with the signing of the Small Business Act, establishing it as an independent agency. (Source: Wikipedia; Web Search)

  1953-07-30

• Began making and guaranteeing loans for small businesses, providing money to natural disaster victims, and helping small businesses secure government contracts and receive management/business training. (Source: Web Search)

  1954

• Enhanced SBA loan guarantees, increasing them to up to 90% under the Recovery Act and Small Business Jobs Act, to improve access to capital for small businesses after the credit freeze. (Source: Wikipedia)

  2008

• Achieved record lending volumes in late 2010. (Source: Wikipedia)

  2010

• President Barack Obama announced his intention to elevate the SBA Administrator to a Cabinet-level position, a status it last held during the Clinton administration. (Source: Wikipedia)

  2012-01

• Launched the SBA Franchise Directory to connect entrepreneurs with lines of credit and capital for business growth. (Source: Wikipedia)

  2018-03

• Updated its policies to allow loans for AI adoption, as announced by then-Administrator Kelly Loeffler at the 'Winning the AI Race' event. (Source: Related Document f2250dc0-a5de-43dc-ae4b-0e945f6a9af7)

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Small Business Administration

The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters." The agency's activities have been summarized as the "3 Cs" of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead the federal government's efforts to deliver 23 percent of prime federal contracts to small businesses. Small business contracting programs include efforts to ensure that certain federal contracts reach woman-owned and service-disabled veteran-owned small businesses as well as businesses participating in programs such as the 8(a) Business Development Program and HUBZone. In March 2018 the SBA launched the SBA Franchise Directory, aiming to connect entrepreneurs to lines of credit and capital in order to grow their businesses. SBA has at least one office in each U.S. state. In addition, the agency provides grants to support counseling partners, including approximately 900 Small Business Development Centers (often located at colleges and universities), 110 Women's Business Centers, and SCORE, a volunteer mentor corps of retired and experienced business leaders with approximately 350 chapters. These counseling services provide services to over 1 million entrepreneurs and small business owners annually. President Obama announced in January 2012 that he would elevate the SBA into the Cabinet, a position it last held during the Clinton administration, thus making the administrator of the Small Business Administration a cabinet-level position.

Web Search Results

• Small Business Administration - Wikipedia

  The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters." The agency's activities have been summarized as the "3 Cs" of capital, contracts and [...] The SBA was created on July 30, 1953, by Republican "Republican Party (United States)")President Eisenhower with the signing of the Small Business Act "Small Business Act (United States)"), currently codified "Codification (law)") at 15 U.S.C.ch. 14A. The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67Stat.232) of Pub. L.83–163 (ch. 282, 67Stat.230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I, which abolished [...] What links here Related changes Upload file Permanent link Page information Cite this page Get shortened URL Download QR code Print/export Download as PDF Printable version In other projects Wikimedia Commons Wikidata item Appearance move to sidebar hide From Wikipedia, the free encyclopedia United States government agency Small Business AdministrationImage 4 Seal of the SBA Image 5

• About SBA | U.S. Small Business Administration

  SBA works to ignite change and spark action so small businesses can confidently start, grow, expand, or recover. About SBA Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses. Organization [...] SBA locations Open government SBA newsroom Work for SBA Oversight and advocacy Footer navigation Sign up Receive information about upcoming SBA events, news alerts, and program updates. indicates a required field Your information will only be used in accordance with our website privacy policy. U.S. Small Business Administration409 3rd St., SWWashington, DC 20416800-827-5722 [...] ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Get assistance for declared disasters Businesses and individuals impacted by recent disasters may be eligible for SBA assistance. Primary Navigation Breadcrumb About SBA

• Celebrating 70 years of service to America's small businesses - SBA

  1953:President Dwight Eisenhower signs the Small Business Act into law on July 30, creating a new agency, the U.S. Small Business Administration (SBA). SBA’s mission is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns." It also is charged with ensuring that small businesses earn a "fair proportion" of government contracts and sales of surplus property. [...] Oversight and advocacy Information in other languages Celebrating 70 years of service to America's small businesses ============================================================= The Small Business Administration (SBA) was founded under the 1953 Small Business Act to “aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns.” Image 7: U.S. Small Business Administration is celebrating 70 years. Helping small businesses thrive for seven decades [...] SBA was created to preserve free competitive enterprise and to maintain and strengthen the nation’s economy. We remain committed to that goal. In our2022-2026 strategic plan, SBA describes: How we will help ensure that our program delivery is equitable, customer-centric and supports small businesses and innovation Strategies for building resilient businesses and a sustainable economy A plan for managing its technology and human resources for greater impact

• Organization | U.S. Small Business Administration

  Businesses and individuals impacted by recent disasters may be eligible for SBA assistance. SBA Home ## Primary Navigation close Search ## Breadcrumb # Organization Read about SBA's history, initiatives, commitees, leadership and performance goals. Also, find out how to contact us by phone or email. ## Mission The U.S. Small Business Administration (SBA) helps Americans start, grow, and build resilient businesses. [...] By 1954, SBA is making and guaranteeing loans for small businesses. It loans money to victims of natural disasters and helps small businesses get government contracts. SBA also provides business owners with management and business training. [...] SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns; preserve free competitive enterprise; and maintain and strengthen the overall economy of our nation. SBA reviews Congressional legislation and testifies on behalf of small businesses. It assesses the impact of regulatory burden on small businesses. ## SBA leadership ## Contact SBA ## SBA initiatives ## Forms and documents ## Performance

• Small Business Administration (SBA)

  Small Business Administration =============== Skip to main content Image 1 An official website of the United States government Here’s how you know Here’s how you know Image 2 Official websites use .gov A .gov website belongs to an official government organization in the United States. Image 3 Secure .gov websites use HTTPS A lock ( ) or means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. [...] Discover SBA's priorities Putting American manufacturers first Cutting red tape for small manufacturers Increasing access to capital Make Onshoring Great Again portal Taking your manufacturing business global Manufacturing success stories Small business resource hubs Child care business development support Interagency capital resources for small businesses [...] Image 20: SBA-YouTube Image 21: SBA-Linkedin Image 22: SBA-Instagram