What is SBA

SBA is an acronym used for the United States Small Business Administration (SBA). The SBA is an independent federal government agency, founded in 1953, as a response to World War II and the Great Depression. Its purpose is to aid, counsel, assist, and protect the interests of small business owners in an effort to preserve free enterprise and help to strengthen the U.S. economy. In recognition of the contributions small businesses make to the U.S. economy, the SBA is committed to helping this community, compete in the global marketplace. Through its extensive network of field offices and the partnerships it has formed with public and private organizations, the SBA accomplishes its mission by providing services to small business owners throughout the United States, Puerto Rico, the U. S. Virgin Islands, and Guam.

To date, the U.S. Small Business Administration has provided approximately 20 million loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small business owners—through direct or indirect help.
Even as its mission stays the same, the SBA continues to grow in the total assistance provided and its variety of programs. The programs are tailored to encourage small businesses in all areas across the country. The SBA has a solution to almost any small business need ranging from financial assistance programs and helping businesses procure federal contracts, to management assistance and specialized outreach to women, minorities and armed forces veterans.