A: Your pal might be referring to the Small Business Administration’s (SBA) eight(a) Business Development (BD) Program. If a given business gives a service that the government would discover useful, the Small Business Administration can help it bid for, and obtain, a contract to offer that service. Women’s Business Centers are mandated to serve a major number of socially and economically deprived people. Even if the variety of loans made by the SBA is comparatively small, the help goes to among the most vital, and most in want, sectors of our economic system. About half of the individuals who work on this country are employed by a small business.
The SBA licenses and regulates Small Business Investment Companies (SBICs), that are privately owned and managed investment funds. SBA financing by the years has played an integral function in helping an array of entrepreneurial enterprises; from corner shops to family-owned restaurants …Read More