How Does the Small Business Administration Help Small Businesses?

The goal of the Small Business Administration (SBA) is to promote the growth of small businesses in the United States.

They offer businesses with access to capital, government contracts, advocacy services, and entrepreneurial development.

On the other hand, the SBA also offers disaster assistance to businesses. Apart from that, it also offers training and information to businesses to promote growth.

However, to be defined as a “Small Business” by the SBA, a business needs to have less than or equal to 500 employees. Apart from that, the definition also depends on revenue and industry.