Small Business Administration Overview

SBA is a small U.S based organization established in 1953. It is the primary program offered by a federal government that provides multiple financial, technical and management assistance programs for business sectors. SBA is the nation’s largest single financial backer of small business. It has a portfolio of business loans, loans guarantees and a disaster loans worth more than $45 billion, in addition to a venture capital portfolio of $13 billion.

SBA also makes low interest recovery loans to both homeowners and businesses and thus plays a major role in government’s disaster relief efforts.

Since the end of fiscal year 1992, the SBA has backed more than $85 billion in loans to small businesses, more than in the agency's entire 40-year history.

SBA is running a number of assistance programs to provide business counselling and technical support and is also involved in providing secure capital to small businesses. It backs eligible firms that are having trouble securing conventional financing by offering loan guarantees or loans made by private lenders.

Basically, the SBA can be a terrific source of capital for new and small businesses that otherwise would not have much chance of getting any.