What is the Small Business Administration (SBA)?
SBA (Small Business Administration) business financing is available for small business owners across the United States. The Small Business Administration was created in 1953 as an independent agency of the US federal government “to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation (From the official SBA website, www.sba.gov).”
The SBA was established to provide American entrepreneurs a starting ground where they could find financial aid or sound advice and guidance when building or growing their businesses. The SBA works with an extensive network of field offices and partnerships with public and private organizations across the nation to meet the needs of people in the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
How does the SBA provide financing?
The SBA does not provide loans directly (with an exception to Disaster Recovery Loans), but instead guarantees the access of certain loans and resources for small business owners through its partnership and affiliation with thousands of lenders, banks, and organizations across the United States. Central Business Brokers can help business owners address their options using the SBA as a resource.