An Introduction to Small Business Administration Loans

If you're in the market for a small business loan, you'll need to understand the services the Small Business Administration (SBA) does — and does not — provide.

SBA Overview
Established in 1953, the SBA is an independent Agency of the Executive Branch of the Federal Government charged with the responsibility of providing four primary areas of assistance to American small business, which include: Advocacy, Management, Procurement, and Financial Assistance. Financial Assistance is delivered primarily through SBA's Investment Programs, Business Loan Programs, Disaster Loan Programs, and Bonding for Contractors. The SBA's Business Loan Program is one of its significant areas of financial assistance.

The stated mission of the SBA is to "maintain and strengthen the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters."