Small Business Administration (SBA)
Candlefocus EditorThe SBA provides a wide range of services to small businesses in order to support their growth and success. These services include access to loans and other capital, business advice and training, government contracts, and legal and administrative assistance. The SBA also provides technical assistance and advice, as well as advocacy services that assist small business owners in dealing with government institutions.
The SBA's most recognizable program is the Small Business Loan Guarantee Program. Through the program, the SBA provides credit assistance to small business owners who would otherwise not be eligible for conventional lending. The loan guarantees are backed by the government, which gives lenders the confidence to issue loans to businesses otherwise deemed too risky. The program greatly reduces the risk for small business owners who need funding for their businesses.
The Small Business Administration provides much-needed stimulation to the US economy and plays a vital role in helping small businesses succeed. Its various programs and services are invaluable resources to small business owners who often have a hard time navigating through bureaucratic systems and securing loans. The SBA acknowledges the importance of small businesses in creating jobs and offering goods and services to American consumers, and continues to work tirelessly to provide the assistance these entrepreneurs need.