The Small Business Administration ( Sba ) - 1236 Words

Abstract The Small business administration (SBA) was created on July 30, 1953, by President Eisenhower with the signing of the Small Business Act. When it was created, there are some presidents want to stop it and some presidents want to develop it. Therefore, we also can see it active in the United States government on today. In this paper, I will through the background of The Small Business Administration (SBA) to introduce what type of organization is it? What does the organization do? Who is the target population for the organization? Through introducing the structure of SBA and its offices roles, I will analyze whether it maintains ethical conduct in its structure or not. Then I will through the codes of ethics and Law to analyze†¦show more content†¦S. Virgin Islands and Guam. The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of nation (United States, Department of Small Business Administration, n.d.). Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. SBA provides assistances primarily through its four programmatic functions (United States, Department of Small Business Administration, n.d.): 1. Access to Capital (Business Financing) SBA provides small businesses with an array of financing for small businesses from the smallest needs in microlending - to substantial debt and equity investment capital (venture capital) (United States, Department of Small Business Administration, n.d.). 2. Entrepreneurial Development (Education, Information, Technical Assistance Training) SBA provides free individual face-to-face, and internet counseling for small businesses, and low-cost training to nascent entrepreneurs and established small businesses in over 1,800 locations throughout the United States and US territories (United States, Department of