Small Business Administration

Definition of Small Business Administration as it relates to Business, Business Law, Business Planning

The Small Business Administration (SBA) is a U.S. government agency dedicated to providing support and resources to small businesses. Established in 1953, its mission is to maintain and strengthen the nation's economy by aiding, counseling, and protecting the interests of small businesses. The SBA offers various services such as access to capital through loans, counseling, and education on business management and planning, government contract assistance, and disaster loan programs. It operates in close collaboration with a network of public and private partners, including lenders, chambers of commerce, trade associations, and other intermediaries. By fostering entrepreneurship and innovation, the SBA plays a vital role in promoting job creation and economic growth.

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