Uncategories Small Business Administration Sba

Saturday, 5 October 2019

Small Business Administration Sba

October 05, 2019 Leave a Reply

Small Business Administration Sba


Small Business Administration (SBA) is A High CPC Keyword And Here We Give Some Information Related To This Keyword:


What Is the Small Business Administration?


This Small Business Administration (SBA) is an autonomous U.S. 

The Government agency established in 1953 to bolster and promote the economy in general by providing assistance to small businesses. 

As One of the largest functions of the SBA is the provision of counseling to aid individuals trying to start and grow businesses.


So, On the agency’s website, there is a wealth of tools to assist small businesses including a small business planner and additional training programs. 

The Localized SBA offices throughout the United States and associated territories offer in-person, one-on-one counseling services that include business plan writing instruction, and assistance with small business loans.

The SBA is headed by the administrator and deputy administrator, and also has a chief counsel for advocacy and inspector general all of which are confirmed by the Senate.


 So, The Small Business Administration has at least one office in every state.

Understanding the Small Business Administration


So, The Small Business Administration offers substantial educational information with a specific focus on assisting small business startup and growth.

 In the addition to educational events offered on the SBA’s website, local offices also provide more personalized special events for small business owners.

So, According to its website, the SBA provides the following services to small businesses:

Entrepreneurial development: This is driven by counseling services and low-cost training provided by the SBA. This is available to both new and existing business owners.



1) Contracting: 


The SBA reserves 23% in government contracting dollars for small businesses with the help of other federal departments and agencies.

2) Advocacy: 


The agency acts as an advocate by reviewing legislation and protecting the interests of small business owners across the country.

3) Loan :


The agency has helped small businesses across the country get access to loans, loan guarantees, contracts, and other services.




The History of the SBA


The SBA was established by President Eisenhower when he signed the Small Business Act in the summer of 1953. 

So, In its more than six decades of existence, the SBA has been threatened on numerous occasions. 

The House of Representatives, controlled by the Republicans in 1996, had the SBA slated to be eliminated. 

This However, the agency survived this threat and went on to receive a record budget in 2000.

So, SBA faced another threat from President Bush and his administration. 

Though attempts to cut the agency’s loan program saw significant resistance in Congress, the SBA’s budget was cut repeatedly every year between 2001 to 2004, when certain SBA expenditures were frozen altogether.

Other SBA-guaranteed loan programs include


  • Express loan
  • CAPLines loan
  • Disaster loan
  • Export loan
  • Microloan

These loans are generally provided by financial institutions, with the SBA acting as a guarantor. 

So, Small businesses qualify for loans more easily when they are guaranteed by the Small Business Administration. 

The agency also allows entrepreneurs to make lower payments for a longer period of time

What can the SBA do for small businesses?


This SBA offers service and support through four primary methods - many of which can help small businesses survive their first few years.

Government Contracting


So, If a given business offers a service that the government would find useful, the Small Business Administration can help it bid for, and receive, a contract to provide that service. 

The government has a statutory goal of 23% of prime contracting dollars going to small businesses - which comes to about $100 billion going to small business contractors every single year.

 Even a small fraction of that money is enough to help many small businesses survive, making this an invaluable opportunity for any company it applies to.

Access to Capital


This Small businesses tend to need money, however, and that's where the second office comes in. 

This part of the Small Business Administration focuses on connecting businesses with access to all levels of funding, from microtransactions to venture capital. 

So, Given the relative ease of this system, many small businesses prefer to run their initial needs through the SBA, and only begin acquiring capital on their own once they're established.



Training for Entrepreneurs


In addition to the two categories above, the Small Business Administration offers instruction for entrepreneurs, with a particular emphasis on education, training and technical assistance for new companies. 

Much of this development work is provided free of charge, either over the internet or face-to-face at one of the (many) SBA training locations. 

A few training sessions have a nominal fee, but the price is kept well within a range even brand new businesses can afford.



Advocacy for Small Businesses


While it's true that large corporations tend to have a lot of regulatory clout, small businesses are not alone - the SBA is frequently called to Congress to testify about the ways proposed legislation might affect small businesses, and it conducts significant amounts of independent research the small businesses can use to get a better sense of their current environment and how to overcome the challenges they face.



How to get help from the SBA


A SBA is an ideal starting place for new and yet-to-launch businesses to review their business plan and understand their options. 

We recommend contacting your local district office, which can explain all of the programs and services in greater detail.

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