A Fascinating Behind-the-Scenes Look at Small Business Administration

Introduction

The Small Business Administration (SBA) is an independent federal agency that provides a variety of programs, services, and financial resources to help small businesses start, grow and succeed. The SBA proudly serves America's entrepreneurs by supporting the growth of their businesses through access to capital and technical assistance in order to help them create jobs and spur economic activity.

The SBA started in 1953 through an executive order

The Small Business Administration was created by an executive order in 1953, and it's been helping small businesses ever since.

The SBA helps small businesses with loans, but it also provides other services like advice on how to grow and prevent financial problems from occurring in the first place.

The SBA is the only government agency that's fully self-funded.

The SBA is the only government agency that's fully self-funded. That means it doesn't rely on taxpayer money to operate, which can be a huge benefit for small businesses. Instead, it relies on fees and interest on loans from banks and investors to pay its employees and cover other expenses. This ensures that the SBA has "skin in the game" when making decisions about how to help entrepreneurs get started or grow their businesses—and no one else should have that power over you!

No other government agency has a higher return on investment than the SBA.

The Small Business Administration (SBA) is the only federal agency with a higher return on investment than the U.S. Department of Defense:

• The SBA default rate for loans issued since 1992 is less than 2%—the same as the military’s.

• Its default rate for loans issued over the last decade has been less than 1%, just 1%.

• And its most recent data shows that only 0.25% of all its loans went into default between 2007 and 2014, compared to 0.5% for military contracts over that period.*

The SBA has 11% of its workforce dedicated to serving veterans.

The Small Business Administration (SBA) dedicates 11% of its workforce to serving veterans. The SBA has a dedicated office for women, another one for small businesses, and yet another one for entrepreneurs.

The SBA also has an office named "Veterans Capital," which helps veterans start their own businesses by providing access to capital and advice on how best to run them.

The SBA's Office of Veteran Business Development has provided training and counseling to more than 83,000 veteran entrepreneurs.

The SBA's Office of Veteran Business Development has provided training and counseling to more than 83,000 veteran entrepreneurs.

The SBA has also provided more than $8.6 billion in loans and $3.6 billion in grants to veterans across the country through its Veterans Business Fund (VBF). These funds have helped them obtain financing for their businesses, which can be used for equipment purchases or expansion into new markets.

Through the SBA, you can get awareness and help directly from a trusted source, free of charge.

The SBA is the only government agency that’s fully self-funded and completely dedicated to providing services to small businesses.

The SBA has 11% of its workforce dedicated to serving veterans, who make up about 10% of all federal contract awards. As part of this program, the Office of Veteran Business Development has provided training and counseling to more than 83,000 veteran entrepreneurs since 2011.

The agency also helps you get started with your business by offering grants or loans through its Microloan Program (MLP), which provides loans up to $12,000 so that you can start up your own small business or expand an existing one while working toward self-sufficiency.

Nobody supports small businesses like the Small Business Administration.

The Small Business Administration has been around for more than 60 years, and it's had a major impact on the small business community. It helps nearly 30 million small businesses with their day-to-day operations, including everything from loans and grants to advice on how to grow your business. The SBA also helps veterans start their own ventures by providing them with training programs and resources. And since 2007, the SBA has given $1 billion in loans to minority owned businesses—which is pretty impressive considering that there are only 2% of minorities who own 50% or more of all private companies in America!

Conclusion

With all of these facts to consider, it’s clear that the SBA is an invaluable resource for both veterans and small businesses. If you want to learn more about what they do and how you can benefit from their services, visit their website today!