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Small Business Administration (SBA)

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  • SBA is the cabinet-level federal agency that helps small businesses with counseling, capital, and government contract expertise
  • Businesses in all development stages should utilize the services in SBA
  • The most up-to-date online and local services including counseling, government funding programs, courses, and guides

About

The U.S. Small Business Administration is the cabinet-level federal agency that helps small businesses with counseling, capital, and contracting expertise. SBA provides an array of financing options for small business, free counseling and low-cost training to new entrepreneurs and established small businesses, and an online Business Guide that provides resources on planning, launching, managing, and growing your business.

The SBA sets goals with other federal departments and agencies to award 23 percent in prime government contract dollars to small businesses.

Who’s it for?

U.S. businesses in all stages, from starting a business to closing or selling a business.

Mission

The U.S. Small Business Administration helps Americans start, build, and grow businesses. SBA is an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.

Resources & Services

Online Guides (By development stages)

  1. Plan your business
  2. Launch your business
  3. Manage your business
  4. Close or sell your business
  5. Grow your business

Funding Programs

  1. Loans – Small businesses are eligible for SBA loans if that are a for-profit business, do business in the U.S., have invested equity, and have exhausted other financing options
  2. Covid-19 relief programs
  3. Investment Capital – Small Business Investment Company financing is available to small businesses in an approved industry. Applicants should research the SBIC directory, prepare a business plan, and network with professionals before approaching an SBIC.
  4. Surety Bonds – These bonds are required for many public and private contracts, and SBA guarantees them for certain surety companies to allow them to issue surety bonds to small businesses that might not otherwise meet the necessary criteria
  5. Grants – Includes Research and Development (SBIR), exporting (STEP), and ohers (grants.gov)

Government Contracting

  1. Contract guide
  2. Contract assistance programs – Focuses on specific groups of business owners such as women and veterans
  3. Contract Help

Learning Center

  • Provide courses based on business stages like the business guides

Local Assistance

  • You can search for SBA local offices, resources partner for counseling, mentoring, training, or selling to the government with your zip code
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