The Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to help, advise, assist and protect the interests of small businesses; preserve competitive free enterprise; and maintain and strengthen our nation's overall economy. The SBA provides resources to help small business owners start and grow their operations. It also has a loan program that connects small businesses to different funding options. Over the years, the SBA has helped entrepreneurs across the country with loans, contracts, counseling and other types of assistance.
The SBA is a government agency designed to support the growth and progress of small businesses and entrepreneurs. The SBA offers a variety of business development programs and has 900 small business development centers in the U. S. UU. Women who are starting or are owners of a small business can receive specialized resources at one of the women's business centers, which are partially funded through SBA grants.
Small business owners have access to experienced mentors through SCORE, a network of volunteer professionals who offer guidance to new business owners through free mentors or low-cost workshops. The SBA also has resources available specifically for veterans through the Veterans Business Extension Center. This program provides training and business counseling to service members in transition, members of the National Guard, and military spouses who want to start and grow a business. The SBA has a suite of tools and services to help small business owners at all stages of business ownership, including individual counseling, business planning assistance and online tools. Small business owners can use the tools on the SBA website to create a business plan, receive online training, or search for local seminars and workshops. The SBA also offers online tools to help small business owners determine if they qualify for government contracting opportunities.
The SBA sets aside 23% of government contracting funds to support and protect small businesses. A business plan is an important part of the process of creating a company, since it requires planning revenue sources, initial costs, marketing strategies and potential problems. It requires you to evaluate future growth opportunities and identify the funding needed to launch your business. The SBA business plan tool guides you through the process of creating a comprehensive plan for your small business. From market research and competitive analysis to helping you calculate and determine the funding of your startup, SBA resources can help you with the statistics and information you need to develop your idea and act accordingly. In addition to helping you decide which business structure to use, the SBA can also connect you to specialized funding opportunities, depending on your situation.
There may be specific opportunities for veterans, women and minorities that the SBA can help you find. Knowing what business structure to use and understanding all of the funding options can influence the way you finance your startup. Your small business may have to meet certain tax obligations. State and local tax laws vary, and tax treatments vary depending on the business structure. The SBA can help you get in touch with information and advice on how federal and state taxes affect your particular business. The SBA has an online learning center with free courses that can help you prepare to take your business around the world, draft government contract proposals, and learn about your customers' needs.
There are also courses in the learning center to improve your marketing knowledge. The SBA has many local district offices in the U. The agency also contributes funds to small business development centers, which are often housed in universities and provide networking and training opportunities. By taking advantage of all the programs, training, and resources, you can gain valuable information to start and grow a successful small business. If you're thinking about starting or need help growing your small business, the Small Business Administration (SBA) has a number of resources that make the process easier.
Through loans and counseling for small businesses, the SBA provides support to help small business owners succeed. Learn about the funding services and programs available through the SBA to help you better utilize your resources. If a business is affected by a declared disaster, the business owner may be eligible for a long-term, low-interest loan to help repair or replace real estate, machinery, equipment, inventory and business assets.