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The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A. The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L.Tooltip Public Law (United States) … See more
The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business … See more
Loan Guarantee Program
The 7(a) Loan Guarantee Program is designed to help entrepreneurs start or expand their small businesses. It is the most common loan … See more8(a) Business Development Program
The 8(a) Business Development Program assists in the development of small businesses owned … See moreThe Cato Institute has challenged the justification of the federal government in intervening in credit markets. Among other criticisms, Cato argues that "the SBA benefits a relatively … See more
The SBA has an Administrator and a Deputy Administrator. It has an associate administrator or director for the following offices: See more
Small Business Development Centers
Approximately 900 Small Business Development Center sites are funded through a … See moreThe Office of Hearings and Appeals (OHA) is an independent office within the SBA established in 1983 to provide an independent, quasi-judicial appeal against certain SBA program … See more
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