An Introduction to the SBA
The U.S. Small Business Administration or SBA is dedicated to helping entrepreneurs and small business owners start, grow, and succeed in their business ventures. In fact, some of the most recognizable brands started small.
For people throughout the United States, Puerto Rico, the U.S. Virgin Islands, and Quam, SBA is here to help at any stage of your business. From writing a business plan, to providing resources to export your products overseas.
Headquartered in Washington, DC, SBA has district offices across the country. These offices help entrepreneurs with the three C’s: Contracting, Counseling, and Capital.
Government contracting can be a critical tool for growing your small business. The Government has many categories of contract opportunities set aside exclusively for small businesses. These help to level the playing field for women, veterans, and the socially and economically disadvantaged. SBA also offers participation in matchmaking events and the Mentor-Protégé Program to help small businesses compete more successfully for federal government contracts.
Through their district offices, an extensive network of resource partners, SBA offers hands-on training, mentoring, and expert advice tailored to your needs. Their online learning center is also available around the clock, so you can explore and take training courses at your convenience.
Many entrepreneurs need financial resources to start or expand a small business, and they must combine what they have with other sources of financing. While the SBA does not loan money directly to small business owners, they can help facilitate a loan with a third-party lender such as a bank or credit union by guaranteeing that a certain portion of the loan will be repaid. SBA guaranteed loans can be used for various business needs, including replenishing seasonal inventory, building expansion or renovation, purchasing equipment, and working capital.
Ready to start or grow your small business, visit SBA.gov to learn more about how they can help.