Who is the Small Business Administration (SBA)?
Answer :
The Small Business Administration (SBA) is a federal agency established in 1953 with the mission of aiding, counseling, assisting, and protecting the interests of small businesses in the United States.
The SBA's roots trace back to the Small Business Act of 1953, signed into law by President Dwight D. Eisenhower. The act aimed to bolster the nation's small businesses post-World War II, recognizing their vital role in economic growth and job creation.
Over the decades, the SBA has evolved to meet the changing needs of small businesses. It provides access to capital, entrepreneurial development, government contracting, and advocacy services. Despite its invaluable support, traditional SBA loan processes have been marred by lengthy approval times, extensive documentation requirements, and stringent eligibility criteria.
Written by: Huddle Biz
The SBA's roots trace back to the Small Business Act of 1953, signed into law by President Dwight D. Eisenhower. The act aimed to bolster the nation's small businesses post-World War II, recognizing their vital role in economic growth and job creation.
Over the decades, the SBA has evolved to meet the changing needs of small businesses. It provides access to capital, entrepreneurial development, government contracting, and advocacy services. Despite its invaluable support, traditional SBA loan processes have been marred by lengthy approval times, extensive documentation requirements, and stringent eligibility criteria.
Written by: Huddle Biz
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