Small Business Administration
The U.S. Small Business Administration (SBA) is a United States government agency that gives support to entrepreneurs and small businesses.
| Small Business Administration | |
|---|---|
| |
| Seal of the SBA | |
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| Logo of the SBA | |
| Agency overview | |
| Formed | July 30, 1953 |
| Preceding agency | Small Defense Plants Administration, Reconstruction Finance Corporation |
| Jurisdiction | Federal government of the United States |
| Headquarters | 409 Third Street, SW, Washington, D.C., U.S. |
| Employees | 3,293 (2015)[1] |
| Annual budget | $710 million USD (2015)[2] |
| Agency executive | Kelly Loeffler, Administrator |
| Website | |
| sba.gov | |
The Small Business Administration wants "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".[3]
The Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) maximum amounts have changed numerous times since the inception of the popular COVID loan program in March 2020.[4] From the original $2 million, it was quickly reduced to $150,000 when millions of business owners were applying in droves. In 2020 it was raised to $500,000 and in September 2021, it was restored back to the original $2 million maximum for those small businesses that qualify for this size EIDL loan.[5]
Small Business Administration Media
SBA opens Disaster Loan Center in Austell, GA, October 26, 2009.
References
- ↑ Congressional Budget Justification/Annual Performance Report | the U.S. Small Business Administration | SBA.gov. Retrieved April 25, 2015.
- ↑ - Small Business Administration Fiscal Year 2015 Congressional Budget Justification and Fiscal Year 2013 Annual Performance Report Fiscal Year 2015 Congressional Budget Justification and Fiscal Year 2013 Annual Performance Report. Retrieved April 25, 2015.
- ↑ SBA Blog Post by Deputy Administrator Marie Johns. Retrieved June 16, 2011.
- ↑ SBA EIDL Loans: Last Chance for Increase or Reconsideration (in en-US). www.yahoo.com. Retrieved 2022-05-03.
- ↑ SBA EIDL $2 Million Loan Increase Requests: Path to Approval (in en-US). www.yahoo.com. Retrieved 2022-05-03.
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