What does Small Business Administration mean?

Definitions for Small Business Administration
small busi·ness admin·is·tra·tion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Small Business Administration.

Princeton's WordNet

  1. Small Business Administration, SBAnoun

    an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government contracts

Wikipedia

  1. Small Business Administration

    The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities have been summarized as the "3 Cs" of capital, contracts and counseling.SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010.SBA helps lead the federal government's efforts to deliver 23 percent of prime federal contracts to small businesses. Small business contracting programs include efforts to ensure that certain federal contracts reach woman-owned and service-disabled veteran-owned small businesses as well as businesses participating in programs such as the 8(a) Business Development Program and HUBZone. In March 2018 the SBA launched the SBA Franchise Directory, aiming to connect entrepreneurs to lines of credit and capital in order to grow their businesses.SBA has at least one office in each U.S. state. In addition, the agency provides grants to support counseling partners, including approximately 900 Small Business Development Centers (often located at colleges and universities), 110 Women's Business Centers, and SCORE, a volunteer mentor corps of retired and experienced business leaders with approximately 350 chapters. These counseling services provide services to over 1 million entrepreneurs and small business owners annually. President Obama announced in January 2012 that he would elevate the SBA into the Cabinet, a position it last held during the Clinton administration, thus making the Administrator of the Small Business Administration a cabinet-level position.

ChatGPT

  1. small business administration

    The Small Business Administration (SBA) is a U.S. government agency that provides supports, resources, and services to small businesses. These include loans, loan guarantees, counseling, and assistance in obtaining government contracts. Its primary aim is to aid, counsel, assist and protect the interests of small businesses and entrepreneurs in order to preserve competitive enterprise and strengthen the economy.

Wikidata

  1. Small Business Administration

    The Small Business Administration is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities are summarized as the "3 Cs" of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead the federal government's efforts to deliver 23 percent of prime federal contracts to small businesses. Small business contracting programs include efforts to ensure that certain federal contracts reach woman-owned and service-disabled veteran-owned small businesses as well as businesses participating in programs such as 8 and HUBZone.

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Numerology

  1. Chaldean Numerology

    The numerical value of Small Business Administration in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of Small Business Administration in Pythagorean Numerology is: 7

Examples of Small Business Administration in a Sentence

  1. Liz Hempowicz:

    If you have enough capital to spend it on billboards, maybe you shouldn't have been one of the companies to receive Paycheck Protection Program, the responsibility really rested with The SBA and Small Business Administration to make sure they were spending these taxpayer dollars in a way that Congress intended.

  2. Jaqueline Ayers:

    It’s disappointing that while Planned Parenthood health centers across the country continue to provide essential health care in their communities throughout the COVID-19 pandemic, Congressional Republicans continue to focus on baseless political attacks, like many other local nonprofits and health care providers, the independent Planned Parenthood 501(c)(3) organizations who were awarded PPP loans met the eligibility requirements established by both Congress and the Small Business Administration.

  3. Senate Majority Leader Mitch McConnell:

    I am glad talks are ongoing between Small Business Administration and House Speaker Nancy Pelosi. I hope Congress can pass bipartisan legislation to continue combating the coronavirus and keep our economy strong.

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"Small Business Administration." Definitions.net. STANDS4 LLC, 2024. Web. 19 May 2024. <https://www.definitions.net/definition/Small+Business+Administration>.

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