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 ?
Additionally, low-interest disaster assistance loans for noncitizen-owned businesses of all sizes (including landlords), homeowners and renters may be available from the U.S.
SBA currently has a stand-by roster of hundreds of people who are on call to provide services to disaster victims, said Herbert Mitchell, associate administrator for disaster assistance. The competitions will determine whether to hire a private staffing firm to take over those functions.
What's hot: Information on farm bill implementation; interstate shipment of state-inspected meat; environmental issues; country of origin labeling; disaster assistance; federal and state warehouse regulations.
It was gratifying to know that DAV disaster assistance grants provided cash to meet the immediate needs of families who had suddenly lost income, but still faced needs."
* International disaster assistance funding increases from $165 million (excludes the fiscal year 2001 $135 million supplemental) to $200 million in recognition of the increased demands generated by complex emergencies and natural disasters.
To learn more about being a SWAT team volcanologist, check out this Web site: http://vulcan.wr.usgs.gov (scroll to Volcano Disaster Assistance Program)
Good record keeping, however, is the basis for successful cost recovery from federal and some state disaster assistance programs.
To help small businesses navigate the disaster assistance programs offered by the SBA, Chairwoman Velzquez has put together resource guides.
Also last week, Secretary DeVos announced some $97.6 million in new federal disaster assistance under the Immediate Aid to Restart School Operations program (/programs/restart/).
Disaster assistance includes grants for homeowners and renters to help pay for rent, essential home repairs and other serious disaster-related needs not covered by insurance or other sources.
Prior to this position, she served as a director of the Commissioner's Office of the New York City-Human Resources Administration, where along with other disaster relief organizations, she established and managed the City's Disaster Assistance Services Center.
Managers of federal disaster assistance programs face a dual challenge--delivering aid as quickly as possible while at the same time ensuring that relief payments go only to those who are truly in need.

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