What services does the SBA provide?
The SBA provides numerous programs and services across many categories including: Financial Assistance, Counseling & Assistance, Contract Opportunities, Special Audiences, Disaster Assistance, Law/Regulations and Online Training. We will cover some of these programs, primarily those tied to Financial Assistance, in more detail but below is a brief overview of each and their goals.
- Financial Assistance: The SBA works with lenders to provide various programs to help small businesses with their financial needs.
- Counseling & Assistance: The SBA has several programs to provide training and counseling in various areas. These programs include: SCORE, Small Business Development, U.S. Export Assistance and Women’s Business.
- Contract Opportunities: The SBA helps small businesses seek contracting opportunities so that they can make revenues by selling their products to the Federal Government.
- Special Audiences: This service provides assistance and information for minorities through special programs. Some of these minority groups these programs are aimed toward are: Women, Veterans and Native Americans.
- Disaster Assistance: The Disaster Assistance Program is the primary form of disaster assistance for many individuals. The goal of the program is to provide low interest loans to any organization, business, or homeowner to repair any property or assets that may have been damaged in a declared disaster. http://www.fema.gov/assistance/process/sba_assistance.shtm
- Law/Regulations: This is for anyone who wants to learn more about current or past laws and regulations that involve the assistance to small businesses.
- Online Training: This program provides online services and training in the many areas of business. There are courses and assistance in areas including finance & accounting, business planning, starting a business, marketing & advertising, surviving a slow economy, government contracting and business management.
As mentioned, this guide will primarily focus on Financial Assistance and will touch upon Special Audiences and some other SBA funding sources, e.g., grants and stimulus.