Get KENTUCKY DISTRICT OFFICE 2010-3 - SBA - Sba

Lenders that work with SBA provide financial assistance to small businesses through government-backed loans.

SBA capital comes in the form of a government-guaranteed loan to the fund to match privately raised capital. The SBA-guaranteed loan, paired with private capital, increases access to financing for qualifying U.S. small businesses and startups while potentially improving risk-adjusted returns for private investors.

The U.S. Small Business Administration's (SBA) Office of Inspector General (OIG) provides independent and objective oversight to improve the integrity, accountability, and performance of SBA and its programs for the benefit of the American people.

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; preserve free competitive enterprise; and maintain and strengthen the overall economy of our nation.

The SBA assists small businesses in four main areas: financing, education and training, government contracting, and providing a voice in policy matters.

SBA loans are small-business loans offered by banks and online lenders and partly guaranteed by the government. Check SBA loan rates for 2023SBA loans offer some of the lowest rates on the market, but rates can change based on the Federal Reserve's actions.

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; preserve free competitive enterprise; and maintain and strengthen the overall economy of our nation.

The SBA generally doesn't offer 100 percent forgiveness on 7(a) and 504 loans, no matter how dire your finances are. However, for companies that have had to cease operations, the SBA will consider settlements that have been agreed to between a borrower and their loan issuer.