The U.S. Small Business Administration was founded on July 30, 1953. It mainly focuses on delivering loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. The SBA has four main functions:
1. Access to Capital (business financing): The SBA provides small businesses with a wide range of financing: from micro lending to venture capital.
2. Government Contracting (federal procurement): The SBA’s Office of Government Contracting sets goals with other federal departments and agencies to reach the statutory goal of 23 percent in prime contract dollars to small businesses. The office offers small businesses subcontracting procurement opportunities, outreach programs, and training as well.
3. Entrepreneurial Development: The SBA provides small businesses with free individual in person and internet counseling; it also offers nascent entrepreneurs and established small businesses low-cost training. This training and counseling is offered in more than 1,800 places nationwide.
4. Advocacy (Voice for Small Business): The Advocacy Office was created in 1978. It reviews Congressional legislation and testifies on behalf of small business. It also evaluates the impact of regulatory burden and conducts intense research on American small businesses and the small business environment.
The U.S. Small Business Administration’s mission is to help Americans start, build and develop businesses. To achieve this mission, the SBA offers small business an extensive network of field offices and partnerships with public and private organizations.
The SBA serves all industries.
Size Business Served
The SBA mainly focuses on small businesses.
The SBA offers online small business training. Topics covered include: starting a business, managing a business, financing a business, contracting, and other featured training.
The SBA also provides Local counseling and training in different locations nationwide. To guarantee the service quality, SBA partners with associations such as Small Business Development Centers, SCORE, Women’s Business Centers, Veterans Business Outreach Centers, U.S. Export Assistance Centers and Procurement Technical Assistance Centers. They share resources and information with each other.
SBA will continue to help Americans start, build and grow businesses.
Karen G. Mills, Administrator
US Small Business Administration
409 3rd St, SW
Washington DC 20416
SBA Answer Desk: 800-827-5722 (TTY: 704-344-6640)
Disaster Loans: 800-659-2955
HUBZone Program: 202-205-8885
SBA Answer Desk: email@example.com
Disaster Loans: firstname.lastname@example.org
HUBZone Program: email@example.com
Website questions: firstname.lastname@example.org