The Small Business Administration (SBA) was founded in 1953 and provides support to small businesses through loans, disaster assistance, training, and contracting opportunities. The SBA works to strengthen the economy by helping Americans start, build, and grow businesses and advocates for small businesses. The SBA's history is based on agencies created during the Great Depression and World War II to support small business needs.

1. SBA
Small Business Administration

2. SBA
History and Overview

3. SBA TimeLine
RFC SWPC SBA SBIC EOL
1932 1942 1953 1958 1964 Now
The Small Business Administration (SBA) was founded in
1953. its missions and principles were based on predecessor
agencies, which were created as responses to the Great
Depression and World War II.
(US Small Business Administration, n.d.)

4. SBA TimeLine
RFC
SWPC SBA SBIC EOL
1932 1942 1953 1958 1964 Now
The Reconstruction Finance Corporation (RFC) was
created in 1932 to alleviate the financial crisis of the Great
Depression. The RFC was a federal lending program for
all businesses hurt by the Depression, large and small.
(US Small Business Administration, n.d.)

5. SBA TimeLine
SWPC
RFC SBA SBIC EOL
1932 1942 1953 1958 1964 Now
Congress created the Smaller War Plants Corporation
(SWPC) in 1942 to help small business participate in war
production jobs and help them survive financially.
The SWPC was dissolved after the war and rolled into the
RFC. (US Small Business Administration, n.d.)

6. SBA TimeLine
RFC SWPC SBA SBIC EOL
1932 1942 1953 1958 1964 Now
The Office of Small Business (OSB) in the Department of
Commerce was created after WWII and offered educational
services. The OSB was created on the basis that the lack of
information and expertise was the main cause of small
business failure. (US Small Business Administration, n.d.)

7. SBA TimeLine
SBA
RFC SWPC SBIC EOL
1932 1942 1953 1958 1964 Now
In 1952, there was discussion of abolishing the RFC. To continue the services of previous
agencies, President Dwight Eisenhower proposed creating the Small Business Administration
(SBA)
Congress created the Small Business Administration in the Small Business Act of July 30,
1953. This act stipulated that the SBA would ensure a “fair proportion” of government
contracts to Small Businesses. (US Small Business Administration, n.d.)

8. SBA TimeLine
SBIC
RFC SWPC SBA EOL
1932 1942 1953 1958 1964 Now
The Investment Company Act of 1958 established the Small Business Investment Company
(SBIC) Program, under which SBA licensed, regulated and helped provide funds for privately
owned and operated venture capital investment firms.
The SBIC specialized in providing debt and equity finances to high-risk small businesses. The
SBIC was created due to the fact that small business couldn’t get the credit they needed to
keep pace with high technology firms.
(US Small Business Administration, n.d.)

9. SBA TimeLine
EOL
RFC SWPC SBA SBIC
1932 1942 1953 1958 1964 Now
In 1964, SBA created the Equal Opportunity Loan (EOL) Program.
The EOL Program relaxed the credit and collateral requirements for applicants living below
the poverty level in an effort to encourage new businesses that had been unable to attract
financial backing, but were nevertheless sound commercial initiatives.
(US Small Business Administration, n.d.)

10. SBA TimeLine
RFC SWPC SBA SBIC EOL
1932 1942 1953 1958 1964 Now
SBA's programs include:
•financial and federal contract procurement assistance
•management assistance
•specialized outreach to women, minorities and armed forces veterans.
The SBA also provides loans to victims of natural disasters and specialized advice and
assistance in international trade.
(US Small Business Administration, n.d.)

11. SBA
About SBA & Guiding Principles

12. About SBA
“The U.S. Small Business Administration (SBA) was created 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 our nation.”
The SBA helps Americans Start, build and grow
businesses.
(US Small Business Administration, n.d.)

13. Guiding Principles
Creativity
Our people inspire creativity in the American economy by developing and supporting entrepreneurs
through a vast network of resource partners.
Advocate
We advocate for all small businesses by taking leadership in building a productive partnership between
the American people and its government.
Results
Our team focuses on delivering results for small business, being accountable, accessible and responsive.
Empower
We empower the spirit of entrepreneurship within every community to promote and realize the
American dream.
Success
We facilitate the environment necessary for America’s small businesses to succeed, measuring our
performance by small business success.
(US Small Business Administration, n.d.)

14. SBA
Services

15. Services
SBA-backed Financing
Government contracting opportunities
Disaster assistance
Training programs
Counseling
Legal information
(US Small Business Administration, n.d.)

16. Services
Small Business Planner
The Small Business Planner includes information and resources that will help you
at any stage of the business life-cycle.
Planning a Business
Starting a Business
Managing a Business
Getting out of a Business
(US Small Business Administration, n.d.)

17. SBA
Financing

18. SBA Backed Loans (Debt)
SBA does not provide any direct loans or grants to small businesses.
If the borrower has access to other financing with reasonable terms, the SBA will
not guarantee a loan.
If a lender determines the application has weaknesses, they may require a
guaranty from the SBA.
The SBA can guaranty up to 85% of a small business loan.
Financing a Small Business - Featuring Jim Hammersley, Director Office of
Financial Assistance Loan Programs
U.S. Small Business Administration
SBA's business loan programs provide a key source of financing for viable small
business that have a real potential, but may not qualify for loans from traditional
sources.
(US Small Business Administration, n.d.)

19. SBIC Financing (Equity)
Small Business Investment Companies are privately
owned and managed investment firms that are licensed
by the SBA.
With the private capital they raise and with funds
borrowed at favorable rates through SBA, SBICs provide
financing in the form of debt or equity to small
businesses.
(US Small Business Administration, n.d.)

20. Surety Bonds
A surety is a person who agrees to be responsible for the debt or
obligation of another.
SBA reimburses a participating surety for the losses incurred as a
result of a contractor's default on a guaranteed bond.
A surety bond is an instrument between a surety, the contractor and
the project owner. The agreement binds the contractor to comply
with the terms and conditions of a contract. If the contractor is
unable to successfully perform the contract, the surety assumes the
contractor's responsibilities and ensures that the project is completed.
(US Small Business Administration, n.d.)

21. SBA
Resources

22. Resources
US Small Business Administration. (n.d.). About SBA. Retrieved October 21, 2008, from Small
Business Administration: http://www.sba.gov/aboutsba/index.html
US Small Business Administration. (n.d.). Guiding Principles. Retrieved October 21, 2008, from
Small Business Administration: http://www.sba.gov/aboutsba/principles/index.html
US Small Business Administration. (n.d.). Intro to SBA Finance. Retrieved October 21, 2008, from
Small Business Administration: http://www.sba.gov/services/financialassistance/Introsbafinance/
index.html
US Small Business Administration. (n.d.). Overview & History. Retrieved October 21, 2008, from
Small Business Administration: http://www.sba.gov/aboutsba/history/index.html
US Small Business Administration. (n.d). Services. Retrieved October 21, 2008, from Small
Business Administration: http://www.sba.gov/services/index.html
US Small Business Administration. (n.d.). Small Business Planner. Retrieved October 21, 2008, from
Small Business Administration: http://www.sba.gov/smallbusinessplanner/index.html