The SBA May Help Your Small Business
If you own a small business, you are suppossed to be affraid of current economy uncertainty that creates challenges in credit markets affecting Wall Street, Main Street and small companies nationwide. But pay attention to this..., the Small Business Administration (SBA) may help you.
Working through its lending partners, SBA loan programs are helping lessen the credit crunch by extending credit to small businesses across the country.
"Our financial programs fill in credit market gaps with over $20 billion annually to small businesses," according to the SBA's website.
When your business needs financing, a bank featuring SBA-guaranteed loans can be the key to success. SBA’s loan programs allow lenders to provide capital to small businesses with less risk, because of the SBA-backed guaranty. SBA programs are a critical source of capital for small firms in this economy, and SBA is prepared to accommodate an increasing demand.
SBA also offers management counseling and assistance through a national network of 1,500 education partners. In addition, it maintains a powerful Web presence with current business information and free online courses, covering a variety of business topics.
The U.S. Small Business Administration (SBA) was created in 1953 as 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 the nation. The SBA recognizes that small business is critical to the economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
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