Small Business Administration


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Small Business Administration

An agency of the U.S. federal government that guarantees loans made to entrepreneurs and small businesses. It also provides special assistance to businesses run by women and minorities. It was established in 1953.

Small Business Administration (SBA)

A federal government agency created in 1953 to “aid, counsel, assist and protect... the interests of small business concerns,” including real estate-related industries. It provides training and counseling and financial assistance through loans and guarantees. The SBA (www.sba.gov) also negotiates small business set-asides with federal agencies requiring outside goods and services, meaning that a certain predetermined percentage of those contracts will be awarded to small businesses.

References in periodicals archive ?
In addition, Wise says her consultants helped her design a brochure that resulted in two $500,000 highway contracts; and, they helped her obtain her first $100,000 line of credit with a local bank, along with two Small Business Administration loans that totaled $105,000.
Small Business Administration launched a ``Women's Prequalification Loan'' program to help female business owners get access to credit.

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