The US Small Business Administration is devoted to helping startups succeed by aiding with funding. The SBA was established in 1953 by the US Congress with the goal of maintaining and strengthening the country’s financial system by way of establishing small businesses, as well as helping in efforts for economic recovery of these communities after disasters.
The aim of the program is to help small companies effectively market themselves to prime contractors (massive personal corporations like Boeing, Lockheed Martin, IBM, Northrup Grumman) and federal company (Treasury, Division of Commerce, IRS, Army, Veteran’s Administration) procurement departments.
Skilled business advisors are prepared that can assist you investigate capital opportunities, put together mortgage documents, export your products, decide progress methods, complete market analysis, develop advertising plans, prepare for enterprise disruption, and more.
People and households who do not meet the SBA’s financial requirements for a catastrophe restoration loan may be referred back to FEMA, where they may qualify for an Different Needs Assistance grant to help them pay for some restoration costs apart from housing.
Small businesses tend to need money, however, and that is where the second office comes in. This part of the Small Business Administration focuses on connecting companies with entry to all ranges of funding, from microtransactions to venture capital.