An Overview Of The Small Business Administration
Small Business Administration or SBA is a United State government agency that works independently to protect the interests of small businesses and provide them a chance to receive fair percentage of all possible government contracts. The aim of this federal government organization is to assist small and unprivileged business owners in receiving different government programs and opportunities that ensure their potential business growth and success.
The Mission
The organization was found in July, 1953 largely as a response to the economic turmoil that emerged due to the Depression and World War II. Since its inception, the stated mission of the Small Business Administration or SBA 8a has been to: "Maintain and strengthen the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters." Over time different contracts and initiatives have been included within the SBA programs to make it more affective and advantageous. Today, the 8a Minority, 8a Set Aside Sba Set Aside has been successful in providing almost twenty million loans and other benefits to small business owners across the country. In its endeavor to provide complete assistance, SBA has even introduced online classes to train and guide small business owners and al least has one office in every state. With successful programs and millions of subscribers, Small Business Administration has established itself as one of the most cost efficient government agencies and the "largest single financial backer" in the country.
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