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What Is The Small Business Administration (SBA)?

The Small Business Administration, or SBA, is an independent federal government agency that exists to support small businesses and entrepreneurs across the United States.

In this article:
  1. The Small Business Administration (SBA) Explained
  2. ADDITIONAL QUESTIONS? GET PERSONALIZED ASSISTANCE FROM AN SBA EXPRESS LOAN SPECIALIST
  3. Related Questions
  4. Get Financing
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The Small Business Administration (SBA) Explained

The Small Business Administration, or SBA, is an independent federal government agency that exists to support small businesses and entrepreneurs across the United States. To do so, the SBA offers a variety of training programs and educational resources to help small businesses thrive. In addition, the SBA guarantees loans for small business borrowers througout the country. For example, in 2017, the agency’s flagship 7(a) loan program guaranteed more than $25 billion of loans for small businesses.

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What is the purpose of the Small Business Administration (SBA)?

The Small Business Administration (SBA) is an independent federal government agency that exists to support small businesses and entrepreneurs across the United States. To do so, the SBA offers a variety of training programs and educational resources to help small businesses thrive. In addition, the SBA guarantees loans for small business borrowers throughout the country. For example, in 2017, the agency’s flagship 7(a) loan program guaranteed more than $25 billion of loans for small businesses.

The purpose of the Small Business Administration is to help entrepreneurs and small business owners avoid hurdles and pitfalls, and achieve success. The organization was founded in 1953, and has helped millions of business owners and entrepreneurs since that time. The SBA has both made loans and guaranteed loans to small business owners and entrepreneurs, according to the organization, but it is actually very similar to some other government agencies. For instance, the Federal Housing Administration, or FHA, only guarantees loans to would-be homebuyers. They do not make them. The SBA actually operates in the same way. The organization only insures or guarantees the loans made through qualifying, approved lenders enrolled in the SBA loan programs.

What services does the Small Business Administration (SBA) provide?

The Small Business Administration (SBA) provides four main services to small businesses and entrepreneurs across the United States: access to capital (loans), entrepreneurial development (counseling, etc.), government contracting (helping small businesses land government contracts), and advocacy (advocating with Congress on behalf of small business owners).

In terms of access to capital, the SBA offers a wide range of different loan programs and funding options. The most commonly accessed is called the 7(a) program, but SBA Express loans are also quite popular. The SBA 504 loan is something different entirely, and has very few similarities to other programs. However, for all that, it can offer important advantages and benefits for small business owners in need of financing for specific purposes.

For more information, please visit https://www.sba.gov/about-sba/what-we-do.

How does the Small Business Administration (SBA) help small businesses?

The Small Business Administration (SBA) helps small businesses in four main ways: access to capital (loans), entrepreneurial development (counseling, etc.), government contracting (helping small businesses land government contracts), and advocacy (advocating with Congress on behalf of small business owners).

In terms of access to capital, the SBA offers a wide range of different loan programs and funding options. The most commonly accessed is called the 7(a) program, but SBA Express loans are also quite popular. The SBA 504 loan is something different entirely, and has very few similarities to other programs. However, for all that, it can offer important advantages and benefits for small business owners in need of financing for specific purposes.

For more information, please visit https://www.sba.gov/about-sba/what-we-do.

What types of loans does the Small Business Administration (SBA) offer?

The Small Business Administration (SBA) offers a variety of loan products to meet the unique needs of small business owners. The most widely used loan is the SBA 7(a) loan, but there are other options available. Other loan products offered by the SBA include the SBA 504 loan, the SBA Express loan, the SBA Microloan, and the SBA Disaster loan.

For more information on the different loan products offered by the SBA, please visit this page.

How can I apply for a loan through the Small Business Administration (SBA)?

You can apply for an SBA loan through an SBA Preferred Lender. These lenders have experience lending money to small businesses and are familiar with the SBA 7(a) loan program. To find out whether your local bank is an SBA Preferred Lender, call or drop into your local branch. You can also go online to look for lenders that have experience lending money to small businesses similar to yours.

At SBA 7(a) Loans, we make it simple for your business to access the financing it needs. Complete the form on our website, and we’ll be in touch with a free, no obligation quote.

In this article:
  1. The Small Business Administration (SBA) Explained
  2. ADDITIONAL QUESTIONS? GET PERSONALIZED ASSISTANCE FROM AN SBA EXPRESS LOAN SPECIALIST
  3. Related Questions
  4. Get Financing
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  • SBA Express Loans
  • Small Business Administration Definition

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