Students in the Small Business Administration Program should be interested in the ownership, management, or operation of a small business, or the start-up of a business. In this climate, SBA-backed loans became all the more important as a lifeline to small businesses and the federal government acted to lower rates and increase the amount of small business loans they would guarantee for banks, from 75 percent to 90 percent in some cases.
Following the SBA damage assessment, the administration formally requested the SBA to issue a Physical Disaster Declaration and to make low interest loans available to the many people and businesses who suffered significant uninsured property losses.
The Agency is a leading participant in interagency collaborations that focus on innovation, place-based and sector-based growth, government contracting, veterans and reservists, disaster recovery, access to capital for small business owners and entrepreneurial education.
Small Business Administration Loans 7(a) loans are the most basic and commonly used types of SBA loans because of the program’s flexibility and its ability to help start-ups and existing small businesses obtain financing that might not be available through traditional lending channels.
Native American Affairs ensures that American Indians, Native Alaskans, and Native Hawaiians seeking to create, develop and expand small businesses have full access to the necessary business development and expansion tools available through the SBA’s entrepreneurial development, lending, and procurement programs.