SBA is an acronym for the (US) Small Business Administration, an important resource for home business owners and those who may be interested in starting a business.
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the US federal government. Its purpose is to assist, advise and protect the interests of small business, to preserve free enterprise and to maintain the economic strength of the United States.
The SBA maintains an extensive network of field offices and partnerships with public and private organizations. Its services are available to people across the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
Many people mistakenly believe that the SBA is a small business lender. They are not. Instead, they maintain several programs that guarantee the loans made to small businesses by member lending institutions. In doing so, these lending institutions are more willing to accept the risk of making loans that they might not otherwise accept.
The SBA is also very active in disaster recovery efforts in conjunction with FEMA - The Federal Emergency Management Agency, which is now part of the Department of Homeland Security.
