Facts About the Small Business Administration

It's a good idea to separate facts from fiction regarding the Small Business Administration. It's true that they do exist to help you get your business from just an idea to a working, profitable entity, and it is true that their services are free to you. To get started, you only need to talk to a representative. 

The Agenda of the Small Business Administration

So, why does the Small Business Administration, or SBA, exist? Their agenda is to get small enterprises up and running, which brings jobs to our citizens, puts money into the economy and helps the US economy to grow.

How the SBA Assists Small Businesses Financially

The SBA provides support, advocacy, training and access to small business funding through venture capitalists and lenders and agree to back funding at lower interest rates. They have a variety of financing plans available for various situations. An SBA representative guides entrepreneurs to the most viable option for the business.

How the SBA Assists Small Business Startups

Since part of the SBA's goal is to get businesses off the ground, they assist in analyzing the entrepreneur's business idea for viability. If it is deemed viable, they further assist in the development of the business plan. Many resources are available through their web site for free that are accessible by everyone, including sources through the Small Business Development Center for training and education.  

How the SBA Helps Established Businesses Grow

Whether a small business needs to grow to meet product demand through material or labor needs, the SBA helps support the fulfillment of that need by support, guidance and potentially funding.