Small Business Administration (SBA)

Definition - What does Small Business Administration (SBA) mean?

The Small Business Administration is a federal government agency tasked with assisting small businesses. It was founded in 1953, and it provides training and counseling for people who are opening a small business, or trying to expand one. This agency also takes part in making loans to small business owners.

Justipedia explains Small Business Administration (SBA)

Essentially, the SBA is just the federal government's way of helping to promote the growth of small businesses in America. Small businesses provide jobs for many Americans and contribute significantly to tax revenue. So, the government benefits from this Administration by helping to expand tax revenue, and people benefit from it by having an agency to help them with their small business needs. This Administration is one of many federal agencies designed to help people in America financially.

Share this:

Connect with us

Find a Lawyer