The Small Business Administration (SBA) is a government agency that has a mission to help small businesses with an overall goal of strengthening the national economy by helping those companies succeed. Small businesses that grow and succeed will employ a major portion of the nation’s workforce.
The SBA provides resources to small businesses that need to obtain financing capital, government contracts, training and counseling about business operations from experienced executives.
This agency works closely with many approved lenders to help provide small business loans for start-up companies, expansion of existing small businesses and recovery for businesses hard hit by local disasters. Special expedited loan programs are available to military veterans, disabled veterans, spouses of military veterans and persons who have businesses located in distressed areas. Other SBA programs are directed towards helping woman and minority-owned businesses become successful.
There are many training programs available for small businesses at district offices and online at the SBA website. Grants and loans are always of interest to growing small businesses; this agency can provide information, applications and other help to entrepreneurs and small business owners in need of funding for their companies. There are mentors with experience in all business areas; these professionals are ready to help with guidance and advice. SCORE, the Service Corps of Retired Executives has chapters throughout the country where small business owners can find services and counseling.
Small business loans and grants are important for business success; many entrepreneurs and small business owners have difficulty finding traditional funding, but the SBA may be able to direct them to approved lenders willing to offer low interest loans or grants to these same persons. If you have a small business or great idea for a new small business, be sure to look into all the options and advantages offered to you by the Small Business Administration. It could be the important difference you can use to make your idea a success. Start a new business, grow an existing one, or expand your small business operations to serve the government or global markets with help and assistance from the SBA today.