The SBA’s primary goal is to maintain and strengthen the nation's economy by fostering the establishment and viability of small businesses. Because small businesses employ half of all U.S. workers and account for nearly two-thirds of new jobs, their health is critical to national economic stability. The agency summarizes its support through the "": Capital , Contracts , and Counseling . 1. Access to Capital (SBA Loans)
The is a cabinet-level federal agency dedicated to helping Americans start, build, and grow resilient businesses. Established in 1953, the SBA acts as the voice for the nation's small businesses, ensuring they have the tools and resources needed to compete in the global marketplace. Core Mission and Impact small business administration
The SBA does not typically lend money directly to business owners. Instead, it provides guarantees to lenders, such as banks and credit unions, which reduces their risk and makes it easier for small businesses to get a loan. Sage Reference - Small Business Administration (SBA) The SBA’s primary goal is to maintain and