The Small Business Administration: Helping Small Businesses Succeed


The Small Business Administration (SBA) is a federal agency that provides support to entrepreneurs and small businesses. The SBA’s mission is to “maintain and strengthen the nation’s economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters.”

The SBA offers a wide range of programs and services to small businesses, including:

  • Loans: The SBA guarantees loans made by private lenders to small businesses. This means that the SBA will cover a portion of the loan if the borrower defaults.
  • Surety bonds: Surety bonds are required by some government contracts and by many commercial lenders. The SBA can help small businesses obtain surety bonds.
  • Government contracts: The SBA helps small businesses compete for government contracts. The SBA has a number of programs to help small businesses learn about government contracting and to prepare proposals for government contracts.
  • Training and counseling: The SBA offers a variety of training and counseling programs for small businesses. These programs can help small businesses with topics such as business planning, marketing, and financial management.
  • Disaster assistance: The SBA provides disaster assistance to small businesses that have been affected by natural disasters. This assistance can include loans, grants, and counseling.

The SBA is a valuable resource for entrepreneurs and small businesses. If you are starting a new business or growing an existing business, the SBA can help you get the funding, training, and counseling you need to succeed.

Here are some additional tips for getting help from the SBA:

  • Start by visiting the SBA website. The SBA website has a wealth of information about SBA programs and services. You can also use the website to find an SBA office near you.
  • Talk to an SBA counselor. An SBA counselor can help you assess your business needs and match you with the appropriate SBA programs and services.
  • Apply for an SBA loan. If you need financing for your business, the SBA can help you get a loan from a private lender. The SBA guarantees a portion of the loan, which makes it easier for you to get approved.
  • Get involved in SBA programs and events. The SBA offers a variety of programs and events for small businesses. These programs and events can help you learn about business management, marketing, and other topics.

The SBA is a valuable resource for entrepreneurs and small businesses. By taking advantage of the SBA’s programs and services, you can increase your chances of success.