SBA Overview

I’ve gotten some questions about financing businesses, so I’d like to take today’s article to provide a brief description of some of the US Small Business Administration’s online information.

In brief, the SBA is a government organization established in 1953. It’s raison d’etre was and is to assist US Americans to start, operate, and expand their businesses. The idea is to promote the growth of small businesses by providing support to entrepreneurs. Their web site, www.sba.gov, includes a great deal of useful information for anyone who owns or is thinking of starting a business.

Financing Your Businesses–This portion of the SBA’s web site goes over some of the details you need to know about their different loan programs, including their eligibility and evaluation criteria for approving loan applications.

Your Local SBA Office–The SBA has local offices around the country where you can receive direct and one-on-one assistance in operating your business. Simply click on your state on the map and you will find listings of the offices located in your state. Most district offices also include information about the services available through them, their missions, and strategies for implementing their goals.

Starting Your Business–This portion of the SBA’s web site explains many of the things you need to know about when starting your business. It includes sections on writing business plans, a Startup Kit, information about Patents and Trademarks, Special Assistance, and Workshops. I highly recommend visiting this site if you are in the start-up stages of your business.

SBA Classroom–Thinking about starting a business? In need of funding? Need some guidance for your business? The SBA Classroom provides a number of online courses you can take that focus on specific needs of the entrepreneur. Course categories include Business Development, Certification, eCommerce,Financing, Procurement, and a Miscellaneous Courses (“Other”) category. Whether you are a single-person operation or are a business-owner with dozens of employees, you will find this page useful.

This is only a sampling of the information available through the SBA. I highly recommend this web site for anyone who operates a business, or who is simply thinking about starting a business. You’ll be certain to find answers to nearly every question you might have about running a business in the US.