Small Business Administration (SBA) is a significant federal agency in the United States whose primary role lies in the provision of support to entrepreneurs and small businesses. Established in 1953, its mission is to assist Americans in starting, building, and growing their businesses. This is achieved through an array of services including providing loans, loan guarantee schemes, contracts, counseling sessions, and other forms of assistance to small businesses.
SBA has been instrumental in driving the American economy by fueling entrepreneurship and small business growth. It is renowned for assisting businesses with financial aid during economic downturns and natural disasters, helping them bounce back stronger. SBA.gov website serves as a comprehensive resource for small businesses and potential entrepreneurs, offering a range of resources from detailed guides to financing options to educational materials on running a business.
