How the Small Business Administration can Help

How the Small Business Administration can Help

Since 1953, the U.S. Small Business Administration (SBA) has provided capital, contracts, and counseling to small business owners. The agency's website presents in-depth guidance on business planning, start-up, management and exit; SBA services; useful tools; and local resources. With the summaries and links provided here, this wealth of information is just a few keystrokes away.

Starting and Managing a Business

This section provides an introduction to all of the information and resources needed to begin and run a successful small business. From writing a business plan and finding a mentor to learning about financing and business laws and regulations, the novice entrepreneur can get a great start by following these links. Once the business has been launched, resources are also provided for successful management and growth.

Loans, Grants and Other Funding Programs

When you are ready to consider financing options for your small business, the Small Business Administration can guide you through the best options available for your type of business and your location such as financing through its specialized loan programs, how to obtain government grants, bond options, and venture capital or other financing options.

Government Contracting

Contracting with the government is a great way to help your small business grow and many programs are available that give preference to small businesses. The SBA is there to help you every step of the way, from certification, to registration, to finding contracting opportunities, and finally, to contract support, so that you can not only decipher the complex procurement process, but also prosper from it. SBA's web site also contains valuable information on contracting rules and regulations, including an easy to understand explanation of government contract terms, features, and expectations, as well as a summary of the Federal Acquisition Regulations (FAR).

Counseling and Training

Since its inception, the SBA has provided counseling and training programs for small businesses. In today's global economy, continued learning, counseling and training are not only important for your business's continued economic success. They're also necessary to ensure ongoing employee satisfaction.