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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Margaret Johnsson (Chicago Chapter) was named "2001 Small Business Person of the Year for the State of Illinois" by the United States Small Business Administration (SBA).
The United States Small Business Administration's (SBA) eastern region recently named Trachtecberg & Parker, LLP, its 1999 Accounting Advocate of the Year.
Salin Bank & Trust Company, a family- owned bank based in Indiana, has said that it has been named as a Preferred Lender Program (PLP) provider with the United States Small Business Administration (SBA).
Varshovi is the 2014 recipient of the Small Business Person of the Year Award for the State of Florida by the United States Small Business Administration and an inaugural Award Winner of the Gator 100.

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