|
|
"A comprehensive, collaborative elections resource."
|
Small Business Administration (SBA)
|
|
Cabinet Rank Member DETAILS |
|
|
| Parents |
> United States > U.S. Executive
|
 |
| Website | http://www.sba.gov/ |
| Established | July 30, 1953 |
| Disbanded | Still Active |
| Contributor | Scott³ |
| Last Modified | IndyGeorgia December 03, 2020 02:58pm |
| Description |
The U.S. Small Business Administration is an independent government agency
that provides support to small businesses.
The SBA was officially established in 1953. The U.S. Congress passed the Small
Business Act of July 30, 1953, creating the Small Business Administration (SBA).
The SBA's function was to "aid, counsel, assist and protect, insofar as is possible,
the interests of small business concerns." The charter also stipulated that the SBA
would ensure small businesses a "fair proportion" of government contracts and
sales of surplus property.
The SBA already makes direct business loans and guarantees bank loans to small
businesses, as well as makes loans to victims of natural disasters, works to get
government procurement contracts for small businesses and helps business
owners with management and technical assistance and business training.
Nearly 20 million small businesses have received direct or indirect help from one
or another of those SBA programs since 1953. In fact, SBA's current business loan
portfolio of roughly 219,000 loans worth more than $45 billion makes it the largest
single financial backer of U.S. businesses in the nation.
|
 | RACES |
|
|
| Polls Close |
Description |
Takes Office |
| INFORMATION LINKS |
|
|
| VOTER REGISTRATION |
|
|
| DEMOGRAPHIC |
|
|
| MEDIA |
|
|
|
| 
