Small Business Administration - SBA

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DEFINITION of 'Small Business Administration - SBA'

The Small Business Administration (SBA) is an autonomous U.S. government agency that was established in 1953 to promote and strengthen the overall economy by assisting small businesses. The SBA provides counseling to help people start and grow businesses. Their website (www.sba.gov) has tools to aid businesses, such as the Small Business Planner, and online training programs. Local offices throughout the United States and its territories provide in-person counseling services, such as assistance with business-plan writing or small-business loans.

BREAKING DOWN 'Small Business Administration - SBA'

The SBA provides a great deal of information to assist with small-business startup and growth, as well as online educational events. Local offices provide support through counseling and special events. The SBA provides a network of professionals who have volunteered their expertise to aid small businesses.

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